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Online poker and tax

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  • 16-04-2009 5:31pm
    #1
    messinkiapina
    Registered Users Posts: 2,159 ✭✭✭


    From what I understand any poker winnings are tax free so long as the site operates within Europe?

    What about sites like Fulltilt, which operates in Canada I believe? Would I be expected to pay tax on any winnings from this site and others that operate outside europe?

    Thanks


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    #2
    Grafter
    Closed Accounts Posts: 938 ✭✭✭Grafter


    The within Europe rule only applies to certain countries, not Ireland.

    Full Tilt is based in Ireland anyway.


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    #3
    Rb
    Closed Accounts Posts: 14,277 ✭✭✭✭Rb


    No taxes on gambling winnings here.

    I think the UK are eligble for tax on sites outside the EU, but it doesn't apply here iirc.


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    #4
    shoutman
    Registered Users Posts: 6,924 ✭✭✭shoutman


    If you live and play in Ireland you pay tax on nada.


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    #5
    messinkiapina
    Registered Users Posts: 2,159 ✭✭✭messinkiapina


    Sweet. They screw us in tax every other way so I think it's only fair they give us something:)


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    #6
    NeoSlicerZ
    Registered Users Posts: 2,327 ✭✭✭NeoSlicerZ


    Where's iPoker based does anyone know?


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    #7
    Drakar
    Registered Users Posts: 1,531 ✭✭✭Drakar


    messinkiapina wrote: »
    Sweet. They screw us in tax every other way so I think it's only fair they erroneously dont think we're significant enough to be worth persuing

    FYP?


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    #8
    phantom_lord
    Registered Users Posts: 10,894 ✭✭✭✭phantom_lord


    NeoSlicerZ wrote: »
    Where's iPoker based does anyone know?

    ipoker itself is based in israel afaik while a lot of the skins are based in malta.


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    #9
    zuroph
    Registered Users Posts: 11,097 ✭✭✭✭zuroph


    NeoSlicerZ wrote: »
    Where's iPoker based does anyone know?
    Jupiter if my connection is anything to go by.


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    #10
    NickyOD
    Closed Accounts Posts: 5,124 ✭✭✭NickyOD


    in before CHD's "ipoker must die" post.


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    #11
    brianmc
    Registered Users Posts: 868 ✭✭✭brianmc


    In before references to previous tax threadsscandals...












    ...I think. :confused:


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    #12
    Chucky the tree
    Closed Accounts Posts: 19,341 ✭✭✭✭Chucky the tree


    Grafter wrote: »
    The within Europe rule only applies to certain countries, not Ireland.

    Full Tilt is based in Ireland anyway.




    I pretty sure Full tilt isnt based in Ireland. The compay that does the software is but the license isnt. If the license was based in Ireland they'd have to pay corporation tax on their profits so I'd guess there based in somewhere else.


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    #13
    Treehouse72
    Registered Users Posts: 1,003 ✭✭✭Treehouse72


    No tax to pay + rakeback means you can be totally sh*t at poker and still make a decent living even at the small stakes. And yes, I speak from personal experience - I totally suck and still manage ~ the equivalent of an average Dublin salary. It's really pretty remarkable.


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    #14
    Grafter
    Closed Accounts Posts: 938 ✭✭✭Grafter


    Chucky the tree wrote: »
    I pretty sure Full tilt isnt based in Ireland. The compay that does the software is but the license isnt. If the license was based in Ireland they'd have to pay corporation tax on their profits so I'd guess there based in somewhere else.

    Yep, the License is Aldernay (Channel Islands).

    It's one of the Scandie countries that has this Euro company ok tax law and I think, but not sure, that when it was discussed on 2+2 that the conclusion was, somewhat bizarrely, that it's where they do most business out of ie have most staff, not where the licence is.

    Alternatively, my pickled brain's making things up again :D


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    #15
    fatguy
    Registered Users Posts: 1,002 ✭✭✭fatguy


    AFAIK iPoker are listed on the London stock exchange, so you could claim any iPoker winnings are from an EU company.


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    #16
    HiCloy
    Registered Users Posts: 1,080 ✭✭✭HiCloy


    fatguy wrote: »
    AFAIK iPoker are listed on the London stock exchange, so you could claim any iPoker winnings are from an EU company.

    Yeah their parent company Playtech is


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