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Irish Gambling Tax Increased
The Independent reports that a 1 percent increase in tax on Irish land bookie shop revenues will not be extended to online and telephone betting. While the duty has been raised to 2 percent for betting shops, online services will continue to be tax free.
The information emerged during a briefing on the Finance Bill yesterday by Finance Minister Brian Lenihan, who said he had delayed making major changes on betting duty as he needed more time to examine the [online] industry. Previous attempts to tax the online betting industry have met with failure as big bookmakers moved their operations to offshore tax havens such as Gibraltar, reports The Independent.
Lenihan said at present betting shops were taxed but internet transactions, which accounted for the bulk of the industry, were not.
The problem for the Department of Finance is that betting online or over the phone is routed through other jurisdictions and Lenihan is not in a position to levy tax on their takings, a spokesman explained. The attraction in taxing online business lies in its continued rapid growth, and the fact that for most bookies online revenues now account for the most profitable part of the business.
Lenihan's general tax proposals have not made him the most popular man in Ireland this week; already hard-pressed low and middle-income earners bear the brunt of his Euro 2 billion in tax hikes announced yesterday. The new super tax is applied on all wages, irrespective of whether a worker is low paid. There is no cut-off point. It was estimated last night that ordinary PAYE taxpayers on Euro 50 000-a-year will face a cut of as much as Euro 1 000 in their disposable incomes.
The same taxpayers also face cuts in the tax relief on mortgages for non first-time buyers; hikes in VAT rates; an 8c duty on petrol and higher motor tax; increased excise duty on cigarettes and wine; a cut in what be can be reclaimed on medical costs; a new travel tax and hikes in hospital charges. PAYE earners also face a Euro 200 car space tax.
The Cabinet has taken a 10 percent salary cut in solidarity with the taxpayers, but media characterised this as a publicity stunt this week, revealing that ministers' pensions will still be based on the higher salary they earned before the pay cut. This was confirmed by a Ministry of Finance spokesman.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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