A second reading of the bill to regulate online gaming in Britain under a point of consumption tax has seen MPs raise concerns that the 15 per cent tax rate could deter licensees and cause a substantial portion of the market to be unregulated.

During the second reading of the Gambling (Licensing and Advertising) Bill, held in the House of Commons Tuesday, Conservative Member of Parliament for Shipley Philip Davies cited estimates provided by the UK Treasury Department which suggest that a fifth of the industry will remain “unlicensed, unregulated and not paying tax” under the proposed regime.

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