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Offshore Gambling Firms Face £300 Million tax bill

August 17 LuckyLady

Gambling companies who operate to UK markets but are based offshore are to be hit with a £300 million tax bill under plans unveiled August 16, 2013

The Treasury will force bookmakers to be taxed on their profits from British customers, wherever the companies are based in the world.

And those who try to dodge tax will face up to seven years in jail and unlimited fines.

  • Gambling firms operate websites offshore in tax havens
  • Treasury will force them to pay tax on profits from British customers
  • Ministers expect it to raise £300million-a-year from well-known names

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