- Joined
- Sep 3, 2003
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- UK
Well my fellow UK citizens seems that soon we will be rolling it even more
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let's hope they adjust the settings a bit though, else my bank roll is going to suffer!!!
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I wonder what kind of gambler he would be? lucky one? or loser?


Yes. It is claimed that it will be tax neutral, the tax rates on casinos will be cut.caruso said:Does anybody seriously claim that this is anything other than fistfuls of tax revenue?

It is claimed that it will be tax neutral, the tax rates on casinos will be cut.
caruso said:GM - are you saying you've read a claim that tax levels will be maintained unchanged, notwithstanding an INDETERMINATE increase of casinos? This is impossible to achieve. For each new casino they'd need to slice the overall tax rate to maintain the balance. Then, for those that may fold they'd have to UP the percentage again.
If you have a link, please post it.

GrandMaster said:I read somewhere (sorry, I can't remember where) that tax rates on casinos will be cut from 40% to 15%-20%, so that the total amount of tax raised from the casinos will stay roughly the same. Obviously, the tax rates won't be adjusted every time a casino opens or closes.
The cynical in me thinks that the Labour Party's finances must benefit from it somehow.
caruso said:I'm sick of hearing the old "freedom of choice" chestnut dragged up EVERY time these matters arise - it is NOT relevant. .
nafanny29 said:4. Hope they have single deck 21 and 10x odds on craps at the Wembley casino![]()
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QUOTE: A memo written by Nick Bent, Ms Jowell's special adviser, says the Gambling Bill "will be revenue neutral for HM Treasury". Leading tax analysts say for this to happen the tax rate would have to drop from the current level of 40 per cent to between 15 and 20 per cent.UNQUOTE

oldman said:Petunia: Considering your words regarding spoilt kids, - well I absolutely agree with you. And it happens not only in Britain, and I think you know it. And it happens with adults as well. I think this is the fate of civilization. First we fight for our rights, then we build highly developed civilization and democracy, - and then we are getting spoilt by well-being. And that's our destiny. How sad.![]()
jetset said:We're going off at something of a tangent here, but speaking personally I gotta say ain't it the truth, oldman!
Of course, it may also be that as individuals, as we grow older we tend to become critical of the following generations and the current state of society. Remember when you were younger and the old farts used to tell you how great and honourable things were "in the old days"? !! It's a thought.

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caruso said:At most, the American casino industry has just pissed hundreds of millions of lobbying dollars down the drain. Oh, how unhappy would that make me.![]()



