Chancellor doesn’t rule out raising gambling taxes after report said it could lift 500,000 children out of poverty
https://news.sky.com/story/chancellor-doesnt-rule-out-raising-gambling-taxes-after-report-said-it-could-lift-500-000-children-out-of-poverty-13408154
Posted by topotaul
31 Comments
We should follow Norway and nationalize all gambling. Treat it as a stupid tax. Also means you can put in protective measures to stop people from totally destroying their own lives.
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Not quite sure how taxing someone’s addiction helps half a million children…
The money will immediately be absorbed into the ever widening blackhole of mathematical inevitability due to our current debt, and those who gamble will continue to do so…
However, I guess if I had to choose between taxing hard working people even more when they’re already paying more than any other nation on the planet, or gamblers, I suppose gamblers it is.
So this is exclusively useful to parents with 3 or more children? A pet scheme of Labour? This 2 child cap has also been around a while. Can’t see the change being popular, it’s a sop to the labour left who will move onto wanting to clobber someone else for the next scheme.
I hate these headlines….. the reality is they cant rule anything out as they got very few levers left to pull at this point.
They’ve boxed themselves in with this fiscal rule policy and its meant they’ve got very few options open to them to fix the public finances.
Should be taxed like Tobacco. It ruins lives and is addictive.
If they put a 20-40% income tax on gambling wins it would raise 8-16bn a year in extra tax.
Good, the gambling industry produces no economic value and taxing it will be much better than taxing work
When taxes increase, the cost is passed directly onto the players via changes in things such as odds. Each bet made now loses more. It also encourages players to play on off shore sites. Its already taxes very highly. I personally do 99% of my gambling outside of the UK now.
They seriously need to think about regulating their advertising as well.
No one actually cares about children in poverty – it’s just something people bring up (on both sides) to make them feel righteous.
> sorry wrong person
Haha, been there. No worries.
Yeah, I see what you’re saying. I’m not thinking you take from one, to directly fund the other.
Really, i’d like to see a crackdown on these off-shore gambling sites. I’d take a big chunk of the profits they make from gambling in this country.
Why do they have they always choose to go down the “rob Peter to pay Paul” way I do not know given all the money goes into the single Treasury’s kitty I do not know.
Why not just ban gambling completely?
In the interests of one in / one out, we could legalise weed at the same time.
Nearly all the harms of weed are caused by criminalisation.
Its a good idea, however the only problem I have is the government then has a disencentive to reduce gambling as their bottom line is reliant on it…
Tax the rich? Tax business? Tax gambling? Nationalise industry so we save money? Build council housing? No?
More tax rises for the middle and working class? Ffs
It was 9% right wasn’t it? I’m not even that old but I definitely remember placing bets at some like £1.09 at some point? (No I like a bit of causal entertainment & yes I have shouted something in, in a betting shop at that level of wager, no I wasn’t embarrassed, everyone else in the shop lost).
It could, but instead it will lift 11mil pensioners from a medium bottle of Jack Daniel’s to a large one!
Thinking really aloud as well – hypothetically I could hit this with a VPN (as I don’t have a walking licence) if necessary and bypass it and continue on using my Bet365 account (but then I’m ultimately committing tax evasion which is a Crime??).
Can’t imagine anyone sensible having any issues with this
Can we tax any big business or do the public have to pay again?
Why the hell should you be taxed again on money you’ve already earned and already paid tax on just because of a lucky outcome? It’s double-dipping, plain and simple. This government’s a fucking joke.
No, just ban it and make sure no child is put into poverty due to a parents gambling.
She also didn’t rule out an alien race will beam £10 billion into my bank account.
And then watch as they a meeting with the owners of gambling business that financially backed their election bid.
And the watch as nothing happens
I hate all these dumb articles of ‘Labour won’t rule out x’
No government gives sneak peaks or answers questions on the budget before it happens.
This is one of the very few things that Reeves has done which makes sense.
Now ban the insidious and unavoidable advertising.
In my limited experience there seem to be a lot of addicted gamblers about who can’t afford their losses.
This is a solid idea because even if it raises less than expected, that will be because the amount of gambling has gone down, which overwhelmingly means poorer people losing less money.
Win-win.
Endless adverts and gambling centres
The people that are in my cities bookies are normally drunk or drinking out side as they piss away the little money the state gives them
Its sad and should be taxed
how much is the taxpayer paying to rehabilitate those that have lost everything to gambling?
So cancelling the triple lock could lift even more out of poverty? And they still choose not to do this? Are we governed by ghouls?