Tax

Britain's increase in gambling-related taxation is beginning to have a visible impact on retail betting employment, while the Gambling Commission has postponed publication of the evidence supporting its Financial Risk Assessment (FRA) framework until the autumn. At the same time, the latest financial results from Europe's leading gambling operators highlight sharply contrasting fortunes, with FDJ UNITED slipping into a first-half loss as Lottomatica continues to strengthen it

Two separate lawsuits are challenging Washington state’s official description of a ballot initiative that seeks to repeal the state’s new income tax, setting up a legal dispute that could ultimately reach the Washington Supreme Court before voters decide the measure in November. On July 27, the sponsors of Initiative 645 formally contested the wording prepared by state attorneys to describe the measure’s fiscal impact. They argued that the language is misleading and unfairly

Dutch tax authorities have introduced a series of new VAT-related measures that are expected to reduce compliance costs for businesses by approximately €81 million each year. The savings are expected to come primarily from administrative simplifications, streamlined procedures, and a reduction in the reporting burden faced by entrepreneurs. The measures form part of a wider package of VAT modernisation reforms in the Netherlands, designed to make the VAT system more efficient

Kenya does not need to increase its Value Added Tax (VAT) rate to generate higher government revenue, according to a new study by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), which argues that improving tax administration, expanding compliance and leveraging digital tax systems would be far more effective than imposing higher tax rates. The findings come at a time when Kenya continues to debate its tax policy following a series of Finance Bills aimed

Pakistan's government has announced a renewed campaign against tax evasion, with Prime Minister Shehbaz Sharif directing authorities to identify individuals and businesses operating outside the formal economy and initiate legal proceedings against those found to be avoiding their tax obligations. The move forms part of a broader strategy to strengthen tax collection, modernise the country's revenue system and expand the national tax base. The directive was issued during a hig

The Korea Casino Association has urged the South Korean government to reconsider proposed regulatory changes that would increase the ceiling on tourism fund contributions for foreigner-only casinos and introduce mandatory five-year casino license renewals. In a statement released on July 22, the association warned that the proposed measures could undermine the financial health of casino operators, discourage long-term investment and put jobs at risk at a time when competition

Britain's incoming prime minister is being urged to reduce the energy levies paid by businesses as part of a broader effort to accelerate economic growth, according to a joint call issued on Tuesday by the Confederation of British Industry (CBI) and Energy UK. With former Manchester mayor Andy Burnham expected to take office at Downing Street, the two organisations warned that persistently high energy costs are weighing heavily on businesses and undermining investment across

Macau’s government recorded gaming tax collections of MOP51.19 billion ($6.3 billion) during the first six months of 2026, representing a 13.1 percent increase compared with the same period a year earlier, according to central account budget execution data. The rise in gaming-related tax income helped push Macau’s fiscal surplus to MOP13.28 billion ($1.6 billion) through June 30, marking a 14.7 percent improvement from the MOP11.58 billion ($1.4 billion) surplus reported du