Trainers’ chief backs radical alternative to government’s gambling tax plan

The article discusses a proposed alternative to the government's gambling tax plan, which has received support from the National Trainers' Federation (NTF). The report, published by the Social Market Foundation (SMF), suggests a differentiated tax approach that would target online casino duty rather than harmonizing the rate across all online gambling products. The article highlights that the current government plan, if implemented, would cost the horse racing industry £330 million, according to the British Horseracing Authority (BHA). In contrast, the SMF's proposals are seen as a "radical alternative" that could raise revenue for the government, reduce harm to the public, and save the British horse racing industry. The article emphasizes the NTF's full backing of the SMF's report, which is set to be published on Tuesday, and provides details on the report's authors and their affiliation with the all-party parliamentary group for Gambling Reform.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.