Bet365 saved up to £140m in tax from boss's charity fund
The Guardian|October 05, 2024
A charity set up by the billionaire boss of Bet365, Denise Coates, may have saved her online gambling empire more in tax than the foundation has so far given to good causes, a Guardian analysis suggests.
Rob Davies
Bet365 saved up to £140m in tax from boss's charity fund

The Coates family are among Britain's biggest taxpayers and contributed an estimated £376m to the exchequer last year through business and personal taxes. That includes Bet365's corporation tax bill and levies on Denise Coates's record-breaking wages and dividends.

But corporate filings suggest that the Bet365 empire has also significantly reduced its tax bill-by as much as £140m over more than a decade as a result of rules that tax experts said should be reviewed.

This story is from the October 05, 2024 edition of The Guardian.

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This story is from the October 05, 2024 edition of The Guardian.

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