Extension to betting tax aims to raise €14m

Plans to raise €14 million next year by extending betting tax to cover offshore, online and phone betting will be announced in Tuesday's budget by the Minister for Finance, Michael Noonan. The exis

4th December, 2011

Plans to raise €14 million next year by extending betting tax to cover offshore, online and phone betting will be announced in Tuesday's budget by the Minister for Finance, Michael Noonan.

The existing 1 per cent rate of betting tax will remain next year until the new online system "beds down", according to the Minister for Agriculture, Simon Coveney, who has responsibility for the horse racing and greyhound industries.

Legislation will be introduced in January with...

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