Coveney warns on betting tax

Minister for Agriculture Simon Coveney has warned that revenues from the new online betting tax will not be ringfenced for the Horse and Greyhound Fund.

30th December, 2012
Racing action at Leopardstown during the week: new online tax is expected in February. Photo: Inpho

Minister for Agriculture Simon Coveney has warned that revenues from the new online betting tax - which is expected to be introduced as part of the Finance Bill in February - will not be ringfenced for the Horse and Greyhound Fund.

According to Coveney, Minister for Finance Michael Noonan has not agreed to ringfence revenues from the new tax, which is expected to raise around €15 million per year, even though money raised from betting...

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