Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage betting The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Public backs online gambling tax raid as rumours of duty hike swirl betting Hiking taxes on online casino gambling would raise the government as much as £900m and has the support of over half of UK voters, according to a report from an influential think tank. The study by centrist think tank the Social Market Foundation (SMF), proposed a doubling of the rate of tax on online gambling, [...]
UK urged to lead ‘cross-border war’ against fraudsters as billions lost Business In a new report, the Social Market Foundation (SMF) estimated that 21 per cent of adults globally have been victims of fraud in the last three years.