New Posts For Thread: Betting duty announced on "remote" bettinghttps://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-bettingeg - exchange bettingThey're bound to absorb it.The only issue might revolve around what constitutes turnover on an exchange.https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513491079#513491079They're bound to absorb it.The only issue might revolve around what constitutes turnover on an exchange.Tue, 06 Dec 2011 12:18:33 -0600I've a quote from Betfair somewhere saying that they would be happy to pay when the legislation was brought in, wonder what they'll say now? Maybe the increased premium charge was a preemptive measure for paying this.https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513489331#513489331I've a quote from Betfair somewhere saying that they would be happy to pay when the legislation was brought in, wonder what they'll say now? Maybe the increased premium charge was a preemptive measure for paying this.Tue, 06 Dec 2011 11:24:52 -0600The Betting (Amendment) Bill is now at an advanced stage of drafting with a final draft expected from the Attorney General’s Office early in the New Year. The Bill will, inter alia, facilitate the extension of the betting duty of 1% to remote betthttps://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513489253#513489253The Betting (Amendment) Bill is now at an advanced stage of drafting with a final draft expected from the Attorney General’s Office early in the New Year. The Bill will, inter alia, facilitate the extension of the betting duty of 1% to remote bettTue, 06 Dec 2011 11:22:20 -0600lookingforthewildman 06 Dec 11 16:55 Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......Wanna bet that it will be absorbed?https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488843#513488843lookingforthewildman 06 Dec 11 16:55 Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......Wanna bet that it will be absorbed?Tue, 06 Dec 2011 11:09:47 -0600There could be legal issues also because if betfair are based in a different tax jurisdiction, it may be illegal to be double taxed.The government will also have to tax all tax exiles in remote jurisdictions for equality and those boys are tough boyshttps://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488839#513488839There could be legal issues also because if betfair are based in a different tax jurisdiction, it may be illegal to be double taxed.The government will also have to tax all tax exiles in remote jurisdictions for equality and those boys are tough boysTue, 06 Dec 2011 11:09:45 -0600lookingforthewildman 06 Dec 11 16:55 Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......---------------------------------------https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488835#513488835lookingforthewildman 06 Dec 11 16:55 Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......---------------------------------------Tue, 06 Dec 2011 11:09:37 -0600Betfair have probably been collecting this a while now with the premium charges and all. Hopefully they will take the hit anyway as they might have a competitive edge as all the conventional bookmakers with remote operations will have to absorb the hhttps://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488411#513488411Betfair have probably been collecting this a while now with the premium charges and all. Hopefully they will take the hit anyway as they might have a competitive edge as all the conventional bookmakers with remote operations will have to absorb the hTue, 06 Dec 2011 10:58:10 -0600Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488315#513488315Hopefully it wont be passed on by betfair,thats a sweet comment......what you think they will do,swallow it themselves......Jesus there is some doughnuts on this thing......Tue, 06 Dec 2011 10:55:55 -0600and then dropping ithttps://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488251#513488251and then dropping itTue, 06 Dec 2011 10:54:53 -0600Betfair have informed me they will be picking up the Tab..!https://community.betfair.com/irish_sports/go/thread/view/94110/28747745/betting-duty-announced-on-remote-betting?post_id=513488165#513488165Betfair have informed me they will be picking up the Tab..!Tue, 06 Dec 2011 10:52:29 -0600