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Irish betting tax proposal
Written On 5/2/11 By Recentpoker.com staff writer Frank Polliern :
Minister supports any Government proposals aimed at increasing betting taxes
The Irish racing industry is once again angling for an increase in betting tax with the Minister for Agriculture, Simon Coveney, saying he would support such an increase.
The Irish Government is currently involved in an initiative to reform its archaic gambling laws which will include the regulation of online gambling and there have been various proposals to increase the betting tax from one percent to two percent which to date have not come to fruition.
Coveney said that he believed that the Department of Finance would find it difficult to continue significant state payments to the Horse and Greyhound Fund in the current financial climate and that the industry should be financed entirely by an increased betting tax. Exchequer subsidies to the industry amounted to Euro 31 million in 2009 and Euro 28 million in 2010 according to a report in the Irish Post.
The Government is said to be publishing legislation in the very near future which will see the one percent betting tax extended to all online betting outlets.
"Once we deal with the issue of extending the tax to online betting, we should consider the rate", the Minister concluded.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
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