Offshore bookies can’t be happy about the changes happening in the UK. Just to have a piece of the UK pie will start to run companies at least ten percent. Ten percent of gross profits are taxed and will be sent directly to the UK horse racing levy. And those that have been able to sidestep the UK crackdown, well their days are numbered too. The Labor government is directing their efforts towards tightening up the loophole that allowed companies to avoid making their horseracing levy contributions. Read more
