gambling summit

[jimmym]

Its Ironic in a way that Taxes have come to the forefront of this topic, when I say Ironic I mean The UK has for the past few years taken away all tax on gambling, so now when we put a sports bet on we dont pay tax at one time we use to have to pay 17% of the wager upfront or have 17% of the winnings deducted.
If we win now we dont have to pay tax either in sports betting or online games, I think that only proffestional gamblers have to pay tax, but my understanding is that the perks such as claiming outlays such as travel, clothes ect result in virtually no tax being paid.
I understand the UK goverment want to make its money from the sites and bookmakers these costs must be recuiped from the customer how each does this I dont know.
But I again feel that with our Goverment has a hidden agenda somewere down the line.
I too agree with taxes if there spent on the right things or used by the Goverment to better the thing they have taken tax for.
With our Goverment putting in so much effort to regulate Online gaming surely taking a tax from the players that win and from the Gaming sites profits is a nice earner but that doesnt mean because they are paying time taking the taxes and checking the sites profits will result in better gaming with better regulations and security, its the idiots who gamble on credit and dont when to stop is the problem.
Perhaps the Goverment should better regulate the credit companies who seem to lend to anyone with a pulse, I mean even a person on very low income can now get the lowest loan from credit companies and do this over and aver again using 100s of different companies, a example of this is earlier this year we applied for a car credit loan on a major supermarket credit site, we had over 50 responses from differnt companies all offering us 10.000 credit immedietley, thats over half a million for a car. Now thats what needs regulating to me.