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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.
Gambling News :
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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.
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