The UK Treasury could set a 2 per cent tax rate for internet betting companies

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Industry representatives have lobbied the Government to set a competitive tax rate for operators willing to relocate to the UK and be licensed under the new Gambling Bill.

“If the tax rate and regulations are right people will come and if it\’s not they won\’t, it\’s as simple as that,” said Richard Flint, iGGBA chairman.

The new Gambling Commission is expected to issue licenses as early as 2007.