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IRISH ONLINE GAMBLING TAX LAWS DUE THIS WEEK
Monday July 16 2012 : IRISH ONLINE GAMBLING TAX LAWS DUE THIS WEEK
Minister 'confident' on European Commission approval
The slow-moving Irish government's tax proposals for remote gambling companies accessing the Irish market have been in legal drafting for some time but are now due for publication this week, according to the Sunday Business Post.
Just how the government proposes to collect the tax on an industry that is for the most part based offshore will be studied with interest by the industry.
The proposals, which have been widely discussed this year, centre on a one percent tax on turnover, and a 15 percent tax on betting exchange commissions.
The Post reports that cabinet minister Simon Coveney is confident that the draft law will receive the approval of the European Commission, clearing the way for implementation early in 2013.
In related news, the British government's long-running Culture, Media and Sport Committee's consultation and study report on the internet gambling business is also due for publication this week.
The committee has consulted widely on its remit, which includes:
How effective the Gambling Act has been in
Ensuring that gambling is maintained crime-free and conducted in an open and fair manner,
Protecting children and vulnerable people from the adverse effects of gambling,
Updating the legislative framework with regards to online gambling, with particular emphasis on where gambling legally takes place (ie the 'point of consumption'.
The financial impact of the Gambling Act on the UK gambling industry;
The effectiveness of the Gambling Commission since its establishment, and whether it represents good value for money;
The impact of the proliferation of off-shore online gambling operators on the UK gambling sector and what effect the Act has had on this;
Why the Act has not resulted in any new licences for casinos or “super” casinos;
The effectiveness of the classification and regulation of gaming machines under the Act;
What impact the Act has had on levels of problem gambling.
The politicians don't intend to implement new laws and tax on internet gambling until 2014.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
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 -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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