The UK Chancellor’s decision to cut the top rate of tax should have been extended to the duty levied on casinos, it has been claimed.
George Osborne announced in his Budget speech today that the 50 per cent rate of tax on the UK’s top earners will be reduced to 45 per cent.
However, he also announced that Machine Games Duty would be set at 20 per cent and did little to relieve the tax burden on the country’s casino industry.
“While the government reduced the 50 per cent tax rate on top earners, it has left the 50 per cent tax on casinos,” said Warwick Bartlett, CEO of Global Betting and Gaming Consultants. “GBGC agrees with the government that 50 per cent tax is high on any sector of the economy, casinos included."
