LONDON, Dec 6 (Reuters) – Bookmakers are preparing for a
tax avoidance crackdown on online gambling in Britain that will
cost the industry 300 million pounds ($490 million) a year,
putting a brake on the fastest growing part of their businesses.
Many bookmakers have set up internet operations in
territories such as Gibraltar, allowing them to sign up British
gamblers while benefiting from benign local tax regimes.