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Paddy Power calls for higher betting tax increase

TAGs: betting tax, Irish racing, Paddy Power

Paddy Power calls for betting tax increaseYou don’t often see turkeys voting for Christmas, but in Ireland bookmaker Paddy Power has offered its suggestions as to how to plug the funding gap for Irish racing, by backing an increase in tax on on-course, internet and tote betting, and on stallion fees. This is a marked U-turn from recent public opposition to the notion of propping up the horseracing industry at all, but you get the feeling they are just trying to pre-empt an inevitable, far harsher tax review. Either that, or they are hoping it will force the competition out of business. Read more.

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