[LINK] UK bets on gambling

[Jan Whitaker]

Is the old saw of 'guns for food', just becoming 'online gambling for 
meat'?  I wonder how long it will take the Oz gummint to take this 
position.  Howard is become a regular acrobat lately with his 
backflips.  Could this be another opportunity?  It certainly involves one 
of his favorite stunts - tax change! ;-)

<thought bubble> No wait.  The UK situation is under a Labour 
Government.  Johnny would be taking up another 'Labor' policy.  No 
wait.  That's what he's been doing with his backflips.  It'll happen.  QED. 
</thought bubble>

Jan

At 09:56 AM 15/03/01 +1100, Tony Barry wrote:
>Extracted item for information.
>
>Source: THE NET NEWS
>         From Alan Farrelly
>         March 14, 2001
>
>- - - - -
>UK BETS ON GAMBLING
>The UK government is taking a gamble it can attract online
>  gambling. It has dropped its 9% tax on bets, replacing it
>  with a 15%  tax on bookmakers'  gross revenue. In return,
>  the bookmakers will return to the UK the online gambling
>sites they have established offshore. The aim is to set up
>a legal, regulated online gambling environment. Gambling
>taxes brought in $700 million last year. The changes mean
>  a 40% drop in the short term but the prospects of bigger
>returns in the future as international betting flows
>through Britain.
>--
>phone  +61 2 6241 7659
>mailto:me@Tony-Barry.emu.id.au
>http://purl.oclc.org/NET/Tony.Barry

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