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Betting firms 'scaremongering' over potential tax rises, say MPs

Source: BBC

The government should not "cave" to the gambling industry's "scaremongering" over a potential tax rise on online betting games, a committee of MPs has said.Chancellor Rachel Reeves suggested taxes on betting firms could be raised in the Budget later this month.Online gambling and gaming now accounts for nearly half of the industry's takings. Bookmakers argued that increasing taxes could lead to the closure of…

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