Betfair Responds to Brown's Speech
By philip
Andrew Silverman, director of Betfair, has released a very public response to Chancellor Gordon Brown's budget speech in which he announced his intentions to review tax policy in relation to betting exchanges. While Silverman said he 'welcomed' Brown's announcement he urged him to be cautious, adding that he felt a tax on his punters would be unjust.

“Our customers do the same as customers anywhere else – they bet on outcomes of events...The fact is that a tax on Betfair’s punters would be inequitable, and would penalize them purely for being our customers.'

Silverman feels that if a tax is brought in for betting exchange punters, it must be 'brought in across the board', i.e. it should apply to all bookmakers.

“We are firm in our belief that tax policy should not be defined on the basis of the wording of a betting slip,” he added.

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