One in five small betting shops shut since tax hike, claims IBA
One in five of Ireland’s independent bookmakers has closed since the government doubled the betting tax to 2 per cent last year, a lobby group has said.
Bookmakers have repeatedly told the government in recent months that the increase has wreaked havoc on retail returns.
In a pre-budget submission calling for a reversal of the increase, Irish Bookmakers Association (IBA) chairwoman Sharon Byrne wrote: “The 100 per cent increase in betting tax has caused...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures