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. .