Go away and fix your own problems horse racing.
As we all know horse racing is going down the swanee pretty fast. For anyone who missed the report on the news last night stating that "all online betting" will be taxed in Ireland to fund horse racing, you can watch it here, under Sunday 25 July, its from RTE six one news so its not shite talk either, its four videos down on that page.
Betfair was specifically mentioned. But no dates or anything like that.
It used loose words and didnt define the actual law/rules but given that they quoted that "all internet betting is to be taxed," I'm presuming it means absolutely everything (cricket, GAA, football), which is a total disgrace to be honest if thats the case, but it didnt define anything like that 100% so we dont know for sure yet. For everyone who bets in Ireland - its not our fault horse racing has become boring with low grade racing and people are less and less interested in it.
Equally it is not our fault if William Hill etc move off shore and pass on the tax bill, theres nothing against the rules there really lets be honest, they simply moved around a loophole that if the Government had any sense wouldnt be there in the first place.
Horse racing has put itself in a hole with more meetings which means more prize money (or less each race but more overall) and cant pick up the bill itself, and equally now cant compete with other sports in terms of excitement, but we all have to foot the bill instead. Sigh..
Anyway feck Ireland, we have to decide what country were moving to? (Bollocks to paying betting tax), I vote somewhere warm with fast internet.. Spain or Portugal? Or even I'll head to England. Lets be serious if it comes in on every sport it will have a massive impact on the P&L to the point where it'll be difficult to keep up. 5% from Betfair and 5% from tax, means every even money shot becomes a 1.9 shot, that'll catch up with everyone eventually..
I'm thinking it'll be too hard to tax "winnings" because its too hard to keep track of, so they'll tax every bet, what happens then trading? Youre goosed.
To be a professional gambler and stay here to pay tax on every bet that you could avoid in another country, would be insane IMO.
In summary - Ireland is finnish.
13 hours ago