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Gambling companies hit out at "vindictive" tax rises in Budget 200922 April 2009LONDON, England -- As reported by The Telegraph: "While the Government bowed to pressure to end the practice of charging both VAT and gross profits tax on bingo, it more than clawed back losses there by raising other gaming taxes. "Axing VAT will cost the Exchequer £50m this year, but it plans to generate £10m more in 2009/10 with three new measures. "It is raising gross profits tax on bingo from 15pc to 22pc to raise an extra £35m, pocketing £20m from a 9pc increase on the duty paid on amusement machines and introducing a new tax on casino card rooms..." |