The online betting and gaming operators began to massively abandon Great Britain. The main reason? The tax regime implemented by the British government.
William Hill, one of the biggest names in the industry, has already announced it will move its division of online betting in Gibraltar, where it will benefit from a system of taxation much cheaper. In Gibraltar, William Hill will pay only 10% of what was required to pay in the UK.Representatives of William Hill stated that the company can not continue to pay taxes amounting to 15% of revenue, while its main competitors, such as PaddyPower (based in Gibraltar), pay just 1.5%.
Ladbrokers, unaltro gambling operator, said that, again for reasons of competitiveness, will follow the example of William Hill. Ladbrokers announced for the first quarter a decline in revenues of 2.3% compared to the same period in 2008.
In response to the migration of workers, the British government said it is preparing to examine the irregularities of the tax system, but it is possible that the new regulations trope late arrivals.