New Gambling Tax Legislation Signals Return To The UK For ‘Offshore’ Data Centres

Source Wire – London 25 September 2013 The UK Government is introducing a new law which will remove the tax advantage from betting, gaming and online bingo companies operating their data centres offshore in so-called ‘tax havens’. “The effects will be more far reaching than these companies realise,” said Stephen Norris, former MP and chairman of Virtus Data Centres, ” From 1st December 2014 not only will UK betting and gaming operators lose their £300 million/year tax advantage, they will soon realise that they are paying way over the odds for electricity, Internet bandwidth, other services and staff airfares for…