Ireland's Online Gambling Tax Delayed Again

Ireland's attempt to tax online gambling has been delayed again, and will not be implemented until next year.

The bill cannot be passed until January at the earliest, as the country has a standstill period for tax laws to be passed through. Ireland Finance Minister Michael Noonan revealed the delay to parliament, and revealed that part of the delay in getting the bill passed was due to licensing concerns raised by Malta.

The bill will be green lighted for passage as soon as the standstill period is done.

The Ireland online gambling tax will see online and telephone bets taxed on a 1% scale, matching a level that is currently being paid by retail betting shops. Online gambling revenues could be very profitable for Ireland, as Paddy Power itself revealed that tax revenues could cost it somewhere in the market of €7 million per year.

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