Insights
UK Announces Major Overhaul of Gambling Tax
The UK Government has announced significant changes to gambling tax duties in an effort to raise over £1 billion per year to support ailing public finances and tax sustainability. The reforms signify a clear shift in gambling policy by the government and raise implications for consumers and online operators regarding profitability, pricing, product mix and long-term sustainability in the UK market.
New Zealand Releases Cabinet Paper on Online Casino Gambling Bill, Addresses Community Funding Concerns via Increased Duty
New Zealand government’s Minister of Internal Affairs, Hon Brooke van Velden, has released the Cabinet paper and associated materials relating to the Online Casino Gambling Bill. The Cabinet paper addressed the main concern that came up during the select committee process, in which nearly 4,000 submissions advocated for community returns to be included in the Bill.