For instance, gambling businesses are generally subject to the General Betting Duty (3-15%), Pool Betting Duty (15%), or Remote Gaming Duty (21%), levied on profits, calculated as stakes received (from UK people where appropriate) less winnings paid out (to UK people where appropriate). The UK’s taxation system is relatively easily manageable and efficient, offers a lot of tax benefits, and the tax rates aren’t burdensome. The UK’s labor market is relatively flexible, its gambling regulatory framework is robust, efficient, and transparent and therefore attracts an increasing number of gambling entrepreneurs. It demonstrates this jurisdiction’s judicial effectiveness, reasonable tax burden, regulatory efficiency, and investment freedom. Moreover, in the 2023 Index of Economic Freedom, the UK has been ranked 28th out of 162 countries. In the World Bank Ease of Doing Business Index 2019, the UK was ranked 8th out of 190 countries as it scored high on such aspects as starting a business, employing workers, obtaining permits, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. The UK has one of the world’s leading economies and is among the most business-friendly jurisdictions where licensed gambling operators can be assured that the government won’t hinder compliant business growth.
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