Anorak News | Government Relocates Totesport To Tax Haven

Government Relocates Totesport To Tax Haven

by | 27th, December 2007

TOTESPORT Casino is the internet arm of the Tote, the bookmaker owned and operated by the Government.

The Guardian reports that Totesport is relocating to the offshore tax haven of Alderney.

This enables it to advertise freely in the UK while avoiding UK tax and regulation.

The Government loves tax. You pay it. And you might suppose that its businesses should too. This is a loophole. Cynics might say loopholes exist not by accident but by design. They enable businesses to remain competitive and the Government to look proactive at election time when it vows to close the loophole.
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Posted: 27th, December 2007 | In: Reviews Comment | TrackBack | Permalink