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Irish Finance Minister Michael Noonan says that his legislation that would tax gambling companies who operate offshore should be finalized by the end of the New Year.
The new taxation measures would raise an estimated €10 million in 2012 and €20 million in 2013. A spokesperson for the Department of Finance said the new taxes would cover online and phone betting and that operators wishing to offer these services would be required to apply for a license.
The spokesperson could not clarify if operators would be able to pass the cost of the tax measure onto punters via an additional expense to the betting stake.