Irish Bookmakers Association flexes muscle as tax hike halted
![Irish horse racing](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
By: Staff Writer
- November 26, 2018
- LikeUnlikeLike
- 1308 Views
![Irish horse racing](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
Bookmakers in Ireland can now temporarily breathe a sigh of relief after winning a reprieve from the government’s business-crippling betting taxes.
A report by the Times last week said the Irish Minister of Finance Paschal Donohoe has halted his plans to increase to 2% the tax on bookmakers betting turnover from January 1, 2019.
He has now decided to conduct a review of the impact of any tax hike on the betting industry, to be completed probably next year.
GUIDE: SPORTS BETTING IN IRELAND
Last October, the minister announced the intended tax hike while unveiling his budget for next year. The announcement drew a huge reaction from the Irish Bookmakers Association (IBA), who claimed that any hike would result in the closure of the majority of the country’s remaining 855 betting shops and the loss of thousands of jobs.
The director of Tully Bookmakers, Paul Tully, reiterated the effects of any hike, saying the rise would “make us totally unviable,” adding he would have to close about 18 shops with about 70 workers losing their job.
Last week, the IBA managed to convince some lawmakers to propose an alternate tax scheme. This would see retail bookmakers’ pay a 10% tax on wagering revenue with online bookies paying 20%.
According to them, the plan would earn government more tax revenue than the proposed 2% turnover tax, because there will be more betting operations still left open to tax.
They were able to get some parliamentary support including from Michael McGrath, Fianna Fáil’s finance spokesperson, who advised the finance minister to find another way.
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race Media![Betting Planet](https://bettingplanet.com/wp-content/smush-webp/2022/03/bp-white.png.webp)
![Race Media](https://bettingplanet.com/wp-content/smush-webp/2022/03/rm-text.png.webp)
Top Online Casinos
Latest Betting News
- Olympics Day 2 betting picks & predictions | Sunday, July 28
- UFC 304 main card preview, betting picks & predictions | July 28
- Nadal, Djokovic set to clash in Olympics tennis second round
- Dana White ups the stakes ahead of Aspinall vs Blaydes at UFC 304
- Paris Olympics 2024: What’s on today – Preliminary Day 2
- Olympics 2024 Day 1 betting picks & predictions | July 27
- Aspinall v Blaydes UFC 304 picks, odds & predictions | July 28
- Pimblett to fight at UFC 304 despite mental health concerns
- Jannik Sinner withdraws from tennis at Olympic Games
- F1 Belgian Grand Prix 2024 race preview & free betting picks
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe