Ireland's New Online Gambling Tax DelayedProposed Change Pushed Back Until Next Year |
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Ireland’s plan to impose a one-percent tax on bets made online or over the phone from customers based in the country has been delayed into 2015, according to reporting from Reuters.
The country has been eyeing extending the tax to the online space since 2011.
According to the report, the delay is seen as a small win for online bookmakers like Paddy Power. The report said that the change has been delayed because Malta “raised concerns over the licensing laws for operators who are already licensed by another jurisdiction.”
“As soon as the standstill period is completed, it is my intention to progress all remaining stages of the Bill through the Oireachtas (parliament),” Finance Minister Michael Noonan said in a parliamentary reply to an opposition spokesman that was published on Sunday.
Nearby London reportedly is also about to close a loophole that currently allows firms to minimize tax bills on online earnings by basing their operations offshore.
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