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Ireland Set to Tax Online Gambling
Tax in relation to gambling, both online and land based, has been a matter of much discussion over the last year. Along with other factors, such as the smoking ban and the general economic climate, it has been blamed for the closure of many land based bingo clubs, who have also campaigned for a more even playing field when it comes to what various sectors in the general gambling world pay.
In a new move Ireland has now said that it will tax all forms of online betting. All foreign online casino operators who wish to accept Irish citizens as players will be taxed, which will be levied as a tax on advertising. Basically any company wishing to advertise to Irish citizens will have to pay for the privilege of promoting their brands.
As things stand at the moment off-shore operators do not need to obtain a licence, nor pay any tax, to offer their gambling services in Ireland, though from now on they will need to get a licence. Paddy Power, a very popular online betting operator which covers all sectors, including Internet bingo, casino and sports betting, doesn’t think the idea will work. They feel that, irregardless of whether the casino has a licence or not, Irish citizens will still gamble at them, and so the lack of a licence will not make any difference at all.
The only way this could successfully work would be if new laws were introduced, preventing locals from playing at off-shore sites without the necessary licence. At the moment the proposals are to ensure firms wanting to advertise in Ireland pay tax, yet there is nothing to stop citizens finding off-shore operators on the internet.
It may seem a good idea in principal to any cash-strapped government, a way to bring in some extra cash, but as it stands the proposals have huge loopholes in them which many operators, equally looking to pay close attention to their bank sheets, are bound to exploit.
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