It's about governments wanting to keep tax receipts local rather than going to overseas companies. This will worsen as more countries adopt protectionist policies.Euler wrote:I'm always incredibly annoyed when Betfair exit countries like this. I know it's not all their fault, but we seem to be going backwards in terms of the adoption of the exchange. It's a much better way of betting than traditional means but governments and corporations are pushing people into much worse methods and it's crazy. It just doesn't make sense.
The British public with their flimsy understanding of tax law would probably vote to exclude Google and Amazon from the UK market if there was a viable British alternative.
This new world order might affect my plans to trade in my retirement from a warmer country.