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About LinkBacksIreland's Minister for Finance Michael Noonan is set to introduce a new taxation scheme targeting remote based gaming and sports betting operators.
http://www.sbcnews.co.uk/featurednew...-gambling-tax/
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15 October 2014, 11:00 am #1
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Ireland set to introduce online gaming tax
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TheGooner (15 October 2014)
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15 October 2014, 3:23 pm #2
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It looks like a variant of the UK offshore gambling law.
It's targeting bookmakers, expects to raise around EUR 25m a year, and 6m will go towards grants / handouts towards the Irish horse bloodstock industry. Probably a vote winner - it involves handouts, - and locally registered bookmakers like Paddy Power will like it.
It will be interesting to see the costs and the tax percentage - and whether offshore bookmakers can be bothered with the compliance costs. A market of 4.5m people, not huge - but potentially lucrative.
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