9th March 2010
Ladbrokes axes 260 Aintree jobs
20th November 2009
BOOKMAKER Ladbrokes has said it plans to close its Aintree call centre, which will result in the loss of up to 263 jobs.The company blamed competition from offshore operators that benefit from “significant” tax advantages.It said that its telephone betting service pays 15% tax on its gross profits and a further 10% on its profits from UK horseracing, as well as VAT and corporation tax. Offshore operators typically pay no or very low taxes and no horseracing levy. Ladbrokes core telephone business handles over 6 million......for the full story register now for free or login below...
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The crippling tax regime was precisely the reason 32Red took betdirect offshore back in 2007 - can't understand why Ladbrokes have only just realised this!
Mark Lowe