According to a Guardian report, ministers in the Labour Government may be thinking about raiding the gambling industry for up to $3.92 billion.
Two prominent think tanks are alleged to have proposed these ideas, and one of Labour's donors—a former poker player and inventor of a casino game—has reportedly supported them.
By increasing the tax on online gambling businesses from 21% to 42%, the Social Market Foundation's proposal would generate approximately £900 million.
Two prominent think tanks are alleged to have proposed these ideas, and one of Labour's donors—a former poker player and inventor of a casino game—has reportedly supported them.
By increasing the tax on online gambling businesses from 21% to 42%, the Social Market Foundation's proposal would generate approximately £900 million.