12th April 2012, 06:49 PM
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Member
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Join Date: Jan 1970
Posts: 1,096
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Originally Posted by norisk
As part of their ruling the High Court would have had a thorough examination of Betfair's books to establish where & how they generate profits, & the ruling would seem to suggest that the imposition of a turnover tax would/should not render their business unprofitable & that with some tweaking, they could continue on as before.
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Hardly likely norisk, courts concern themselves with the rights of the plaintiff not what effect it will have on the defendant.
Quote:
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Originally Posted by norisk
That said I wonder if their review also looked at the issue of the impact on Betfair clients, profitable or not?
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as above, extremely unlikely, why should they?
It's the business of BF to make it work under the rules.
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Originally Posted by norisk
Perhaps we might be jumping the gun on this one.
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Maybe so, but it will end in tears for some punters on a low POT.
As a backer I'm not fond of bots making it difficult to bet against them by constantly changing the odds they would accept, but if there are no layers there will also be no chance for backers.
Time will tell but one thing is certain, as with new taxes there is only the end user who is going to pick up the bill.
The question is as CP has posited, can you afford to pay that bill?
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