The government will wait until the end of 2014 to stop tax avoidance in the gambling industry – nearly three years after spotting the problem

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I noticed another exchange on tax avoidance in parliament yesterday, this one on gambling taxation, no doubt motivated by last week's report in The Independent in which I commented. It went as follows:

Catherine McKinnell (Newcastle upon Tyne North, Labour)

To ask the Chancellor of the Exchequer with reference to his Budget Statement 2012, when he intends to bring forward legislative proposals to give effect to his announced changes to the taxation regime for remote gambling.

Sajid Javid (Bromsgrove, Conservative)

Implementation of the Government's reform to remote gambling taxation is planned for 1 December 2014. The Government will legislate for the reform in a future Finance Bill.

So, the government spotted the problem in early 2012 and by late 2014 they may take action.

In the meantime nearly a billion will be lost.

Why make haste when there's only a billion to lose after all?


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