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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.
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The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
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.
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