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British Betting Tax may be Abolished12 January 2001UNITED KINGDOM – Jan. 12, 2001 – As reported by Racetips 365: " Plans are afoot to abolish betting tax by the beginning of next year, though offshore betting must be scrapped "The Government is ready to introduce a new scheme which would abolish betting tax, and instead tax bookmakers on their profits. "…This would be a considerable boost to the British betting industry and to punters, with a large increase in turnover forecast, and the move would see a great reduction in cases of illegal betting…" |