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UK sports betting industry faces the prospect of more taxes

24th July 2014 6:47 am GMT

With Britain's bookmakers still reeling from a rise in taxes on fixed-odds betting terminals and the imminent introduction of a point of consumption tax on all gambling, the industry faces a new challenge today following the Labour party's announcement that it is considering a mandatory levy on all sports betting.

Labour’s Shadow Culture Secretary Harriet Harman announced the proposal Thursday when she unveiled the party's "More Sport for All" consultation document, which examines a range of [...]

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