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Irish Tax Authority Given Poker Over Online Gambling
Wednesday June 25,2014 : IRISH TAXMAN GIVEN NEW POWERS OVER ONLINE GAMBLING OPERATORS
Enforcement against unlicensed operators as well as tax collection included in mandate.
Ireland's slow progress on the licensing, regulation and taxation of online gambling operators accessing Irish punters continues, but what seem to be interim measures until the requisite licensing and enforcement agency has been formed took shape this week.
Local media reports noted that Michael Noonan, the finance minister, has pushed forward an amendment to the proposed new gambling laws, which were passed at a second reading in parliament earlier this year.
The amendment seeks to give additional enforcement powers to the Irish taxman, extending powers from tax collection to enforcement actions against unlicensed operators, and taking this mandate over from the Justice Ministry.
Once the Betting Amendment Bill is passed online sports betting will be taxed, with bookmakers accessing the Irish market paying 1 percent of turnover, and betting exchanges 15 percent of profits.
The bill also contains provisions that will allow the deployment of now-standard national sanctions against unlawful operators such as IP-blocking, marketing restrictions, financial transaction disruptions and black listing.
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4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
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Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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