While longstanding tensions between Britain and Spain over Gibraltar have reached breaking point in recent weeks, another stand-off is developing between the UK Government and the territory's economically vital betting and gaming industry. In a move described by Peter Howitt, founder of law firm Ramparts and chief executive of the Gibraltar Betting and Gaming Association (GBGA), as an "attack" on the territory, the UK is pushing through new rules and penalties to target offshore gambling operators with large numbers of British customers.
October 10, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
While the offshore world considers its response to a new British tax-grab on the gaming industry, Gibraltar has gathered industry figures together for a possible legal challenge given the potentially dramatic impact on the local economy. Lucy Fisher reports
While longstanding tensions between Britain and Spain over Gibraltar have reached breaking point in recent weeks, another stand-off is developing between the UK Government and the territory’s economically vital betting and gaming industry.
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