GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
Ireland’s horse racing governing body proposed a higher tax rate for the betting sector. The body has asked the Industry to implement an increase in 1.5% for sports betting through a petition which was submitted to the Department of Finance.
The proposal demands that the rate of duty should rise from the current 1% of bookies’ annual sales to 2.5%. This extra charge would be passed on to the customers.
Soon after the government removed tax in 2006, this charge came into existence. The Operators have rejected the new law and have shown their disparity.
