Many fear new tax laws in Britain regarding poker will devastate
Noted poker player and writer for the Guardian newspaper, Victoria Coren, took an in depth look at the ramifications caused by the change to British tax laws governing poker. According to Coren’s article, Britain taxes table games –roulette, craps, etc.—to the fullest, but previously considered poker a service and only charged a Value Added tax (VAT).
However all that changed when the Spring Budget was introduced, effectively putting poker alongside other table games. Unfortunately for poker players, casinos make very little on poker games, and they take up quite a bit of valuable space on the casino floor: The change could very well cause casinos to reconsider hosting poker games, or possibly force a hefty increase in the rake charged.
By changing the way poker games are taxed the British government will gain very little in overall revenue, and is seemingly crippling the brick & mortar poker business.
You can read Victoria Coren’s article from The Guardian here:
Leave a Reply
High Stakes News
- • Philipp Gruissem wins another Super High Roller
- • Huge cash game rumored to be taking place at Aria
- • Isildur1 starts fast in PokerStars $1 mil Freezeout
- • High Stakes Poker Games Still In Demand
- • Poker’s best take part in the Million Dollar Cash Game
- • Phil Galfond advocates sweeping changes to online poker
- • Ilari Sahamies is biggest online poker winner in 2011
- • Is Sam Trickett the best poker player in the world?
- • Isildur1 back and crushing the games at PokerStars
RummyRoyal.com giving away a Free $5 to new players
Online Rummy players can take advantage of an exciting new promotion a …
Lock Poker announces new exclusive tournament schedule
The Revolution Gaming Network has overhauled their tournament schedule …
Receive $10 Free from Winner Poker
Winner Poker is now offering new players at the site a free $10 deposi …
New Full Tilt VIP Program targets high-volume players
After recently dropping to #4 in the traffic rankings, according to po …