Government moves to tax online betting

The government aims to publish legislation this week to tax online betting.

14th July, 2012
Government moves to tax online betting
Simon Coveney, Minister for Agriculture: a turnover tax of 1 per cent is planned. Photo: Tony O'Shea

The government aims to publish legislation this week to tax online betting, with a 1 per cent turnover tax on internet stakes and a 15 per cent levy on commission from betting exchanges.

The provisions of the bill will be immediately referred to the European Commission to ensure they comply with EU competition rules.

The Minister for Agriculture, Food and Marine, Simon Coveney, said that he was hopeful that the EU Commission would sanction the new online...

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