Sunday July 12, 2020

Doubling betting tax ‘could cost state €35m per year’, new report claims

4th November, 2018

A Dublin City University academic has warned that doubling the betting tax will close 400 bookmaker shops and could have a “negative exchequer impact”.

Economist Anthony Foley analysed the impact of increasing the tax from one per cent to two per cent on behalf of the Irish Bookmakers Association (IBA).

Foley, who is emeritus associate professor of economics of DCU, said in the conclusions to his report: “It is very unlikely, given the state...

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