Horse racing in Great Britain On 6 October 2001, the Government abolished the turnover-based tax on betting, which had been 9% of the stake or the winnings, the punter having the choice to pay a certain small amount or an uncertain large amount. The tax, now based on gross profit, is now effectively indirectly levied on the punters, the cost being absorbed in the odds that bookmakers offer. The last 10 years in the UK has seen massive growth in online gambling. Punters are now going online to place their bets, where technology gives them access to a greater wealth of information and knowledge. Now
History of the British salt tax in India order abolishing the salt tax, but the order was vetoed by the Viceroy, Lord Wavell. The salt tax continued in force until March 1947, when it was abolished by the Interim Government of India headed by Jawaharlal Nehru , by the then-Finance Minister Liaquat Ali Khan. A modified salt tax was later introduced, to the Republic of India, via the Salt Cess Act, 1953, which received the assent of the President on 26 December 1953, and was brought into force on 2 January 1954. History of the British salt tax in India Taxation of salt has occurred in India since