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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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Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
Cherry CEO Fredrik Burvall Steps down -
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta
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