ESBA Conference: Fabian Picardo opens Conference
10-Feb-2012Gibraltar Chronicle
Headlines - Friday, 3rd February 2012
Rock faces challenge to gaming industry from UK – Chief Minister
SMALL BUT STRONG Chief Minister formally opening the ESBA conference yesterday.
Chief Minister Fabian Picardo has signalled a major battle ahead for Gibraltar with London over its plans to introduce gaming transaction taxation in UK on online gaming provided from abroad including the Rock. In effect London is taking a protectionist stance and wants to take a cut of from profits of companies that fled the UK over high taxation there.
It is thought the plan is to require licensing for major companies if they are providing online gaming into Britain even if based on the Rock.
“There are issues on the horizon for Gibraltar. Those issues affect businesses in Gibraltar, and it is not always the usual common enemy that is responsible,” Mr Picardo said.
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