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IRISH GOVERNMENT PROPOSES TAXING INTERNET OPERATO

Posted on 12/7/10 by Jesse P. - Online betting to be taxed at betting-shop level if budget approved by Parliament
 
The Irish government has presented the toughest budget in the Republic's history to parliament, with the first key vote on it set for this evening (Tuesday).
 
It appears that the Irish horseracing sector's wish list, that telephone and off-shore internet betting be brought into the tax net , may be materialising as Minister of Finance, Brian Lenihan, announced that the Government intends to include provisions in the Finance Bill and revise the Betting Act 1931 to ensure that all bookmakers taking online bets from Ireland will pay a 1 percent betting duty on those bets in the same way that betting shops currently do.
 
Betting Exchanges will also be subject to tax under the new arrangements but the calculation of the tax will differ from that applying to bookmakers.
 
The budget report said that Government is hopeful that by including the high-growth area of the betting sector, particularly given the increasing prevalence of smart phones, the tax base from betting will be boosted significantly. In a full year it is expected that the tax yield could grow up to Euro 20 million depending on the prevailing market conditions.
 
Lenihan indicated that the Department of Justice has been progressing on a proper licensing regime and went on to say that "a location with an appropriate licensing framework coupled with relatively low taxes provides real investment and employment opportunities in this sector."



Gambling News :

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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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