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12th April 2012, 06:28 PM
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Join Date: Dec 2011
Posts: 334
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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.
That said I wonder if their review also looked at the issue of the impact on Betfair clients, profitable or not? I would assume one couldn't be done without the other, as clients leaving in droves tends to be bad for business
Perhaps we might be jumping the gun on this one.
Last edited by norisk : 12th April 2012 at 06:30 PM.
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