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Upcoming Tax for the online casinos and gamblers

Following the suggestion by health secretary Matt Hancock to betting companies for £100 million a year, gambling has become a topic in the Conservative Party leadership contest in the UK. Hancock has said that, when elected Prime Minister, he intends to put a 1 percent tax on the profits of major companies to finance treatment and research in this subject.

Labor advocated this plan, along with a comprehensive revision of the UK Gambling Act. The gambling party labeled the gambling “the hidden pandemic,” and Tom Watson said that the party would impose a needed tax on the industry if it were elected to power. PG SLOT is giving great relief to the slot players with great slot games.

It is encouraging that legislators at the front line deal with this matter. But one thing is to charge a fee; to spend it cleverly is another. We must correct this for the large majority of people who suffer from gaming.

The Hallmark

There are about 340,000 problem gamblers in the United Kingdom and over half a million more individuals with moderate risk of harm from the growing market scene of products, especially electronic gaming machines and online games.

The ramifications for families, communities, and society as a whole of problem gambling are far-reaching. Among the problems they confront are breaking down relationships, abuse or neglect of wives and children, and suicide in extreme instances – all with the accompanying demands of societal and health systems. สล็อตออนไลน์ is one of the best online casinos available for everyone on the internet.

Look down. Look down. Look down. BY-SA 3.0 CC BY-SA Farmer Jordan

Five to 10 other persons are projected to be affected for each person having a problem. The costs are projected to range from 200 million to 1.2 billion pounds annually for the UK alone. According to the Faculty of Public Health, this is a “serious and worsening public health problem.”

The lack of funds

In the UK, GambleAware, a nonprofit organization founded on voluntary sector contributions to the present gambling damage research, education, and therapy system. Too often, GambleAware is below its 0.1 percent target once bets are paid, called gross gaming return, of the money the play industry retains. It translates to roughly £10 million in donations for an industry with over £14 billion global revenue. A yearly fee of £100 million could undoubtedly make an enormous difference here. Among the online casino slots, สล็อต999 is gaining more popularity day by day.

Hancock is laudable for his efforts in therapy and research, but he does not discuss preventative measures. It is regrettable since any attempt to reduce gambling damage should target the causes, not the effects alone. In other areas of public health, the idea that prevention is superior to cure is universally acknowledged. It’s also a matter of social justice because gamblers in the more impoverished neighborhoods are disproportionately poorer.

In the UK, GambleAware’s total prevention spending in 2017-16 was less than £1.5 million, or approximately 2 pp per person. Compared with a country where harm reduction is a legal necessity and where the annual preventive budget surpasses NZ$18 million (£9.4 million) to a population of 4.7 million people, gaming is considered a public health concern. This per capita is 99 times more than in the UK.

Improvement of system efficiency

A few other significant things have to be taken into account. The first is that the money collected must be tampered with. Other jurisdictions, including Ontario, Canada, have demonstrated that national health expenses can be spared if funding is not refinanced. In the UK, there are precedents: All the sugar tax earnings go to school sports, for example, and most of the UK’s budget will increase car duty returns from next year.

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