Budget 2012

[aaron1867]

I just do not understand some of what has happened in this years budget. It's definitely not as bad as everyone is making out, but it has no great effect on me that's for sure, so glad about that.

Also ecstatic at the tax increase on fags. £7.50 for fags, who on earth can afford to smoke now?!

[redarmi]

I don't really think this will affect punters at all.  It is just designed to stop those firms avoiding the gross profits tax by perting offshore as far as I can see.  Victor Chandler and Stan James would be the most heavily affected as far as I can see but also Hills and Ladbrokes on the business they have in Gibraltar.

[Josedinho]

Big deal for Coral isn't it? They've spent millions to move their operation to Gibraltar ready to launch later this year.

[redarmi]

In terms of the cap-ex of that yes but most of their profits come from UK which aren't going to be affected......well the new duty on machines will affect them hugely but not from a betting perspective per se it just means they can't benefit from a move as such.