The Government intends to tax online betting and introduce legislation that will require overseas betting providers selling products into Ireland to be licensed, the Taoiseach Brian Cowen has said.
In a speech delivered last night at a dinner hosted by the Irish Field newspaper, Cowen said all forms of betting “including betting offered over the internet, other remote platforms or over the telephone” should make a contribution to the Exchequer.
“Such betting must be brought within the tax net, not just because it will increase revenue, but also because it will mean that those currently not contributing to securing the future of important indigenous industries will now make that contribution,” he added.
He also said that the Government will introduce legislation to ensure that overseas betting providers comply with a licensing regime that will permit them to sell their products into Irish jurisdiction.
Article courtesy of Businessandleadership.com