Plans by the UK Government to tax online gambling operators based on the "Point of Consumption" is concerning the Gibraltar Government. Online gambling operators have been attracted Gibraltar in order to benefit from the minimal taxation structure. The gaming industry provides significant income and around 2200 directly as well as an additional 3000 positions in financial services. According to local reports in Gibraltar, Chief Minister Fabian Picardo, has told the UK Government of the liability it would face if one of Gibraltar 's key income streams is slashed. The Gibraltar's gaming industry with the backing of the goverment are taking steps that may include legal action in a bid to protect Gibraltar 's gaming industry. Maria Brennan of HM Treasury has reportedly attended discussions while in Gibraltar from the eGaming Summit. The Gaming Minister, Gilbert Licudi, who opened the Summit, claims the UK changes are unnecessary. He claims the UK market is already protected by Gibraltar's strict licensing and supervision regime, which he claimed earlier this year is as high, or higher, than in the UK.
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