§ Mr. BrookeTo ask the Chancellor of the Exchequer, pursuant to the oral statement of the Financial Secretary to the Treasury of 28 April 1998,Official Report, column 234, what factors led her to conclude that the casino industry is undertaxed compared with most other betting and gaming sectors. [47820]
§ Dawn Primarolo[holding answer 29 June 1998]: In reaching these conclusions, I took into account a number of factors. These included the effective rate of taxation on net consumer spend (effectively the house winnings) compared to other sectors of the betting and gaming industry, levels of profitability, turnover and the capacity of the industry to bear a higher burden of taxation.