why would they need tax relief? they make tons of money. something fishy goin on.
LeopoldGloom
Small independent bookmakers to not have to pay the tax on the first 50k they take in per annum. Now it’s all down to what they define as small and independent, (do they mean those that are on track etc, or the one offs in some towns). If so then I guess it’s a relief for a handful of small independent businesses and not much to see here, but could be very open to abuse
Stephen
The amount of relief claimed is kind of irrelevant.
What matters is the sentiment, you should reduce tax on things you want to encourage and increase it on things you want to discourage.
This sends the message that the government approves of gambling which is a very bad message to send.
Cian
From a budget perspective the amount of relief claimed is totally relevant.
Yes, the Irish government approves of gambling, and horse racing and dog racing. See all the tax reliefs on these. There are (perceived) good reasons for this – the industries (especially horse racing) support the local economy and is a huge boost for tourism.
Is this right? I don’t know.
Joe
The problem is that they do support gambling, look at the funding the horse and dog racing industry gets. They fully support the gambling industry and encourage it.
Steve White
Do we need horse racing?
Charlie
Gambling. Our nations greatest epidemic being considered for tax breaks? A joke surely?
millie vanilly strikes again
Ah it’s that time of year again.
The lobbyists have been hard at work and the scent of dirty money is in the air.
Dave
Yep
eoin
“In recognition of the difficulties experienced by small independent bookmakers I am introducing a relief from betting duty and betting intermediary duty up to a limit of €50,000 per calendar year.”
€50k a year? I wonder what that would do to childcare providers and if they could reduce prices? Or sports and activity businesses which might use it to offset spiralling insurance costs? Or bicycle stores?
But no. Betting.
Liam Deliverance
+1 – Will be interesting to see if the opposition have any questions on this tomorrow. I wonder how much the full cost of this tax break is?
why would they need tax relief? they make tons of money. something fishy goin on.
Small independent bookmakers to not have to pay the tax on the first 50k they take in per annum. Now it’s all down to what they define as small and independent, (do they mean those that are on track etc, or the one offs in some towns). If so then I guess it’s a relief for a handful of small independent businesses and not much to see here, but could be very open to abuse
The amount of relief claimed is kind of irrelevant.
What matters is the sentiment, you should reduce tax on things you want to encourage and increase it on things you want to discourage.
This sends the message that the government approves of gambling which is a very bad message to send.
From a budget perspective the amount of relief claimed is totally relevant.
Yes, the Irish government approves of gambling, and horse racing and dog racing. See all the tax reliefs on these. There are (perceived) good reasons for this – the industries (especially horse racing) support the local economy and is a huge boost for tourism.
Is this right? I don’t know.
The problem is that they do support gambling, look at the funding the horse and dog racing industry gets. They fully support the gambling industry and encourage it.
Do we need horse racing?
Gambling. Our nations greatest epidemic being considered for tax breaks? A joke surely?
Ah it’s that time of year again.
The lobbyists have been hard at work and the scent of dirty money is in the air.
Yep
“In recognition of the difficulties experienced by small independent bookmakers I am introducing a relief from betting duty and betting intermediary duty up to a limit of €50,000 per calendar year.”
€50k a year? I wonder what that would do to childcare providers and if they could reduce prices? Or sports and activity businesses which might use it to offset spiralling insurance costs? Or bicycle stores?
But no. Betting.
+1 – Will be interesting to see if the opposition have any questions on this tomorrow. I wonder how much the full cost of this tax break is?