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Ireland Gambling Tax Bill Reaches President's Desk

A bill that would tax online gambling in Ireland is headed to the President's desk for passage into law after years of debates and delays.

The update on the bill's progress was given this week by Finance Minister Michael Noonan, who said once the bill is signed into law, it could be implemented by the end of the first half of the year. The bill would bring millions in Euros in revenue to the country, but is controversial with operators such as Paddy Power, who said that it would have had to pay a tax bill of €8 million last year.

A Reuters report on the matter claims: "The new tax comes as Paddy Power and other major bookmakers such as Ladbrokes and William Hill grapple with tighter regulation and additional taxes in Britain, including duties on online betting and high-stakes gambling machines."

"Ireland first announced plans to bring online operators into the tax net in 2011, proposing that the 1 percent tax on bets placed in shops be extended to wagers made online or over the telephone from customers based in Ireland."

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