CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Ireland Wants To Tax On-line Betting

Ireland Wants To Tax On-line Betting

by Ulrike Lomas, Tax-news.com, Brussels

18 May 2010


Irish Prime Minister Brian Cowen, advocated the taxing of online betting and the introduction of a licencing system for overseas online betting sites in a speech at a recent dinner hosted by The Irish Field newspaper in Dublin.

"Betting must be brought within the tax net, not just because it will increase revenue, but also because it will mean that those not contributing to securing the future of important indigenous industries will make that contribution," said Cowen.

He said that such regulation would extend the tax regime for the betting industry to all those "providing online and telephone betting and so underpin funding for the racing industry".

In January 2010, an Irish Labour Party initiative was announced, which would increase the betting levy from 1% to 1.5% and extend the levy to overseas online providers. This would be accompanied by a registration and licensing system which included blocking unregistered websites. The estimated EUR90m extra revenues generated this way would help replenish the Irish Horse and Greyhound fund.

A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp
TAGS: individuals | tax | business | Ireland | gambling tax | commerce | law | internet | e-commerce | gambling | licensing | regulation

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »