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British Online Casinos Operators Looking Offshore
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Best Neteller Casinos - British Online Casinos Operators Looking Offshore
Britain has hoped that following the new online casinos laws, British Online Casinos that moved to low tax countries like Alderney and Gibraltar would take the new online casinos law as an opportunity to return to Britain, but it looks like the governments’ expectations were false. Several British Online Casinos hired Global online casinos Betting and Gaming Consultants to study the option of moving their online casinos operations offshore. This is a disappointment to Britain who had hoped to get a tax slice of the £5 billion online casinos industry. This online casinos figure is expected to more than double in the next few years.
The online casinos gambling law has a yearly tax of 15% of the total income in Britain, so there is no wonder many online casinos choose to get a better deal with a fixed tax rate from countries like Antigua. Some of the larger online casinos agreed with the British government on dropping the tax levels and need to stay in Britain but the smaller online casinos have more advantages in moving their online casinos operations offshore. As a result Britain is now considering new tax rates to attract online casinos companies from Gibraltar, but most online casinos companies don’t seem to be moving.
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