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Irelands Online Gambling Tax Delayed Again
Monday December 15,2014 : MORE DELAYS FOR IRELAND'S ONLINE GAMBLING TAX
Malta complaint requires a standstill period, taking implementation into the new year.
Ireland's repeatedly stalled online gambling tax has suffered another delay, taking it into the new year, according to a Reuters news agency report.
The country’s minister of finance, Michael Noonan, updated parliamentarians in a statement published Sunday, reporting that a standstill period the tax legislation is currently subject to has been extended into January after fellow EU member Malta raised concerns over the licensing laws for operators who are already licensed by another jurisdiction.
Minister Noonan said that as soon as the standstill period is completed, it is his intention to progress all remaining stages of the bill through parliament, and that he shared the frustration of parliamentary colleagues.
Ireland first announced plans to bring online operators into the tax net in 2011 by seeking to extend a one percent tax on bets placed in retail betting shops to wagers made online or over the telephone from customers based in Ireland.
Reuters reports that the delays have held up significant tax monies the Irish tax man could have been harvesting; noting that Paddy Power, which makes over three-quarters of its profits online, has said the tax would have cost it Euros 7 million, and it had informed investors in August that it expected the new tax to be implemented before the end of this year.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
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UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
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Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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