Offshore gambling companies should be required to have a base in Britain to stop the Treasury losing hundreds of millions of pounds in tax, a report says today.
It found that more than half of the remote gambling services used by UK-based customers are provided by firms based in Gibraltar, a tax haven.
The Social Market Foundation think-tank called for all gambling firms to be forced to provide jobs in the UK or have a legal ‘footprint’ here to make them easier to police.
Several well-known bookmakers, many of whom sponsor Premier League football clubs, have little or no base in the UK, it said.