69 Deputy Thomas P. Broughan asked the Minister for Finance if his attention has been drawn to the fact that the proposed new gambling legislation does not allow for any tax to be collected on moneys earned by the layers — that is, bookmakers — in betting exchanges, unlike other bookmakers in the State, and instead stipulates that betting exchanges will pay just 15% gross profit tax on their commission; his views on whether this loophole may facilitate tax evasion; if he will consider ensuring that the new betting licence requires those betting through the betting exchanges who act as layers to pay income tax through a system similar to DIRT tax; and if he will make a statement on the matter. [5808/12]

Summary

69 Deputy Thomas P. Broughan asked the Minister for Finance if his attention has been drawn to the fact that the proposed new gambling legislation does not allow for any tax to be collected on moneys earned by the layers — that is, bookmakers — in betting exchanges, unlike other bookmakers in the State, and instead stipulates that betting exchanges will pay just 15% gross profit tax on their commission; his views on whether this loophole may facilitate tax evasion; if he will consider ensuring that the new betting licence requires those betting through the betting exchanges who act as layers to pay income tax through a system similar to DIRT tax; and if he will make a statement on the matter. [5808/12]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Betting Legislation

  xml · EN · 1 February 2012

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.