Ceo of the flutter entertainment has advised the gambling regulatory bodies to keep the taxation at a reasonable level so that the industry can work and grow in smooth manner according to the ceo , he said that the tax level must be in alignment with the actual profits of the industry and it should not be ridiculous percentages actually , he did hinted at possible changes in tax laws while the tax rates proposed was set to be increased by 5% for all gambling sectors in the mean time actually indeed .
Flutter CEO Advises Moderation in Taxation as Tax Hikes Continue
- Thread starter Qwert135
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It's understandable that the CEO of Flutter Entertainment is advocating for moderation in taxation within the gambling industry. Imposing excessively high taxes can indeed stifle innovation and growth within the sector. It's crucial for tax policies to strike a balance between generating revenue for the government and allowing businesses to thrive.
Aligning tax levels with industry profits is a sensible approach, as it ensures that companies can reinvest in their operations, offer competitive products and services, and contribute to the overall economy. Raising taxes by a significant margin, especially when the sector is already facing challenges, could have detrimental effects on operators and customers alike.
While it's important for governments to consider the societal impact of gambling and regulate the industry responsibly, drastic tax hikes could drive operators to seek more favorable jurisdictions or even lead to a decline in consumer protection measures. Therefore, any changes in tax laws should be carefully evaluated to maintain a fair and sustainable environment for all stakeholders involved in the gambling industry.
Aligning tax levels with industry profits is a sensible approach, as it ensures that companies can reinvest in their operations, offer competitive products and services, and contribute to the overall economy. Raising taxes by a significant margin, especially when the sector is already facing challenges, could have detrimental effects on operators and customers alike.
While it's important for governments to consider the societal impact of gambling and regulate the industry responsibly, drastic tax hikes could drive operators to seek more favorable jurisdictions or even lead to a decline in consumer protection measures. Therefore, any changes in tax laws should be carefully evaluated to maintain a fair and sustainable environment for all stakeholders involved in the gambling industry.