Source link : https://europ.info/2025/12/06/gibraltar-trade-minister-warns-uk-gambling-tax-hikes-spell-trouble/
The Gibraltar trade minister has voiced strong criticism over the UK government’s recent plans to increase gambling taxes, describing the move as “bad news” for the industry. Speaking exclusively to EGR North America, the minister warned that higher tax rates could undermine the competitiveness of Gibraltar-based operators, many of whom serve the UK market. The remarks come amid ongoing tension between the UK’s regulatory approach and Gibraltar’s role as a major hub for online gambling firms.
Gibraltar Trade Minister Criticizes UK Gambling Tax Increases Citing Industry Impact
Gibraltar’s Trade Minister has publicly expressed concerns over the recent tax increases imposed on the UK gambling sector. He emphasized that these hikes threaten the viability of many operators, especially those based in Gibraltar, which has historically been a hub for online gaming companies. The minister warned that heavier taxation could lead to significant job losses, reduced investments, and might ultimately push companies to reconsider their UK market presence.
Highlighting the broader economic implications, the minister pointed out several critical industry challenges exacerbated by the new tax policy:
- Strained profit margins due to rising operational costs
- Potential relocation of companies seeking more tax-friendly jurisdictions
- Negative impact on innovation and development within the sector
| Impact Area | Potential Consequences |
|---|---|
| Employment | Job cuts and hiring… |
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Author : Olivia Williams
Publish date : 2025-12-06 02:10:00
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