I wasn’t coming out. No way.
--Kyrie Irving after injuring his ankle in Game 4 against Boston Celtics
The tables have turned |
The Irish government thinks that it is high time for punters to pay for the 1% turnover tax in its review of the country’s tax regime.
Give me a backgrounder on this.
In 2015, the Irish government announced that all online operators will pay a 1% turnover tax – or 15% of their betting exchange revenue – on all wagers taken from Irish punters. Two years later, the government is studying the scenario where the punter should be taxed instead of the bookmaker.
But doesn’t it seem unfair to pass the burden to the punters?
Making the punters pay for the turnover tax is one of the two options being studied by the Irish government in its tax plan review. The other option would be to impose a higher tax on punter winnings. So it seems punters have no choice but to carry the burden of paying tax either way.
The proposal will make punters rise up in arms!
Hold your horses. Operators were given until June 19 to comment on the proposal.
Operators must be doing a happy dance now.
Nope. Operators also despise turnover tax. But at least Irish operators are living with a sensible rate, compared to their counterparts in Poland and Portugal.
Takeaway
Punters in Ireland will have to wait if the government will push through with this plan that could possibly attract more operators to land in Ireland’s shores.
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