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UK government tax policy starting to rebound

The UK government is starting to find life very tough with regards to taxation in the UK as more and more companies look offshore to reduce their tax liabilities. The latest company to look overseas is William Hill which will soon be moving its sportsbook operation offshore as a way to reduce corporate taxation from 15% to just 1.5%. While many people will argue that 15% is by no means extortionate, there are underlying charges and taxes which have been added to the cost base of all gambling companies in the UK over the last few years.

Some time ago Gordon Brown decided to make a play for the UK as one of the central online gambling destinations of the world although unfortunately his taxation strategies have yet to back up these plans. It is highly likely that Ladbrokes and Coral will follow suit as the sharply reduced cost base and tax liability of William Hill would give it a distinct advantage in the market place.

The UK government has certainly nailed its strategy regarding taxation to the mast and there appears to be little opportunity for it to perform a U-turn as it has been given numerous chances, by many corporate entities in the UK, over the last few months.

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