What do you think ?
This is too much for common sense, i think. I mean that this point
"“Excise duty on betting at 20% of the amount will be wagered,”" is beyond good and evil. In all normal countries casino pay tax for their income and in some EU countries gambler pays VAT from what he
won. Not from total wager amount, this would be too stupid.
We all know that it's still from the gamblers' money that betting companies pays their workers, ads placement and other expenses that is being made. By imposing such a strict and exorbitant tax rate is detrimental to betting companies and also the gamblers because the companies will also look for ways to maximize their profits in order to balance their projection.
And this will reduce the amount of money gamblers bet and the amount of gamblers as well, sometimes I wonder if the people behind the laws actually know what they are doing or if they just makeup whatever it is on their minds without going through the trouble of consulting an expert to see if what they are doing makes sense, governments raise taxes in order to increase the amount of money they get out of an industry and things like this do the opposite, destroy jobs and makes any sane person that wants to open a business think about it twice.