The Budget

Was the booze touched lads? bar the vat increase

Citizen wrote: Kerrzy wrote: Citizen wrote: PP online is a separate company and registered in the isle of mann. Not 100% sure about boylers but id imagine they follow suit. Imo anyone wanting to target irish punters online should be forced to set up an office here. That means that they would pay the appropriate corporation tax rates on the money they make here. If for instance betfair, or bet 365 want to target irish punters they should be forced to do the same. Any betting companies who do not abide by this should be barred. As it is many countries bar gambling sites so its not that hard to do. Id imagine per capita that ireland is the most lucrative online betting market in the world, yet we are missing out on reaping the benefits of this huge market. seemingly the gov would much rather target the disabled and the elderly for their pound of flesh. They were both venting their frustration earlier in the year at being unfairly penalised compared to the rest that are offshore. You could be right but PP definitely said they were happy to pay once the rest were brought in too. i think they should all pay their dues not just the irish ones. checked there, boylesports.com is registered in the Isle of Mann too

http://www.irishtimes.com/newspaper/ireland/2011/0122/1224288087560.html#

What are they complaing about for there so? Curious as I did part of a tax assignment on it

Metal Paul wrote: walsheman wrote: Metal Paul wrote: bhob wrote: walsheman wrote: fags gone up by much?? 25c so now €8 a pack Shouldn't that be €9 a pack now??  yeah 9e,time to quit  Ridiculous price, think I'll quit so. Or stick to the cheap smokes!

Delighted

Kerrzy wrote: Citizen wrote: Baldrick wrote: Internet betting will be taxed in the next budget looks like. Also there is legislation planned in relation to low priced alcohol.  This is an area that should be contributing alot more imo. I think the sites should be barred from the country pending the payment of an annual license or new specific tax. This is a huge industry yet contributes relatively little in tax. If they want the privelege of taking money from irish punters they should pay imo esp PP online who are based in Isle of Mann etc. Im bloody sick of  big companies not paying their dues while the rest of us are getting screwed. In fairness it was estimated that if offshores were brought in to the tax net that ultimately it would only bring in an extra €20m/ year at 1%. Tax it too high and the bookies will do what they did in France and vacate the market. 2/2.5% is about as far as they could go imo.

Not a hope in hell bookies would vacate the online irish gambling market. there would be any number of bookies from england willing to abide by our terms and fill the void


Edited by Citizen - 06 Dec 2011 at 1:05pm

Kerrzy wrote: Citizen wrote: Kerrzy wrote: RogerMilla wrote: Baldrick wrote: Internet betting will be taxed in  the next budget looks like. how can they enforce that ? most of these sites are hosted in gibraltar.   they should tax the winnings in the bookies , no one would complain It already is taxed and has been for as long as Ive been alive, its just that in the last few years the bookies have decided to take the hit on it rather than the customer. And in answer to your 1st question, licensing. not online betting kerzy, its all based off-shore Wasnt referring to that in my 1st line. Its all offshore bar Boyles and PP. Which meant that when it was brought in in last year's budget these were the only 2 firms bearing the brunt of it - and of course the 2 firms that provide the most jobs in the betting insutry here. Licensing is what is needed to bring the off-shores in, going to be hard to police though.

PP online is a separate company and registered in the isle of mann. Not 100% sure about boylers but id imagine they follow suit.
Imo anyone wanting to target irish punters online should be forced to set up an office here. That means that they would pay the appropriate corporation tax rates on the money they make here.
If for instance betfair, or bet 365 want to target irish punters they should be forced to do the same. Any betting companies who do not abide by this should be barred. As it is many countries bar gambling sites so its not that hard to do.
Id imagine per capita that ireland is the most lucrative online betting market in the world, yet we are missing out on reaping the benefits of this huge market. seemingly the gov would much rather target the disabled and the elderly for their pound of flesh.

Citizen wrote: Kerrzy wrote: RogerMilla wrote: Baldrick wrote: Internet betting will be taxed in  the next budget looks like. how can they enforce that ? most of these sites are hosted in gibraltar.   they should tax the winnings in the bookies , no one would complain It already is taxed and has been for as long as Ive been alive, its just that in the last few years the bookies have decided to take the hit on it rather than the customer. And in answer to your 1st question, licensing. not online betting kerzy, its all based off-shore

Wasnt referring to that in my 1st line. Its all offshore bar Boyles and PP. Which meant that when it was brought in in last year's budget these were the only 2 firms bearing the brunt of it - and of course the 2 firms that provide the most jobs in the betting insutry here.

Licensing is what is needed to bring the offshores in, going to be hard to police though.

Citizen wrote: Baldrick wrote: Internet betting will be taxed in the next budget looks like. Also there is legislation planned in relation to low priced alcohol.  This is an area that should be contributing alot more imo. I think the sites should be barred from the country pending the payment of an annual license or new specific tax. This is a huge industry yet contributes relatively little in tax. If they want the privelege of taking money from irish punters they should pay imo esp PP online who are based in Isle of Mann etc. Im bloody sick of  big companies not paying their dues while the rest of us are getting screwed. Tax exiles should be homed in on also....chances of this though zero, as they are all buddies with the powers that be.

Agree with you here citizen. paddy power poker for example, take a 10% rake from each punter per game and dont pay a penny tax.  Govt should claim half of that rake.

RogerMilla wrote: Baldrick wrote: Internet betting will be taxed in  the next budget looks like. how can they enforce that ? most of these sites are hosted in gibraltar.   they should tax the winnings in the bookies , no one would complain

It already is taxed and has been for as long as Ive been alive, its just that in the last few years the bookies have decided to take the hit on it rather than the customer.

And in answer to your 1st question, licensing.

Baldrick wrote: Internet betting will be taxed in the next budget looks like. Also there is legislation planned in relation to low priced alcohol.

This is an area that should be contributing alot more imo. I think the sites should be barred from the country pending the payment of an annual license or new specific tax. This is a huge industry yet contributes relatively little in tax. If they want the privelege of taking money from irish punters they should pay imo esp PP online who are based in Isle of Mann etc. Im bloody sick of  big companies not paying their dues while the rest of us are getting screwed.

Tax exiles should be homed in on also....chances of this though zero, as they are all buddies with the powers that be.