There’s still little insight into whether a recently surfaced proposal for a gambling tax raise would benefit the UK, analysts have warned.
A recent proposal by the Institute for Public Policy Research (IPPR) to significantly raise gambling taxes in favor of a theoretical £3bn [$4bn] more for the national treasury was put under the microscope by market analyst firm, Tax Policy Associates.
The proposal attracted extra eyes after it was referenced by Former Prime Minister and Chancellor of the Exchequer, Gordon Brown, who argued that the money can be used to alleviate poverty among British children.
However, Tax Policy Associates has warned that the IPPR’s calculations are merely illustrative and limited in scope, with more detailed analysis required to effectively evaluate any proposed tax hikes.
