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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 :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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