Winding up of national lottery company

Scaramanga 4

I think its a disgrace that this is happening

hfallada

How is it a disgrace? The tax payer is getting €405 million upfront. That is €405 million more than we are getting at the moment. Plus money is still going to good causes etc etc.

I can't understand why we won't allow license of online gambling in Ireland and tax it. The lotto is still gambling but its perfectly acceptable for no particularly good reason. The government could have a large amount of tax from online gambling. Online gambling will become normal in years, but at the moment it's in tax heavens like jersey and Isle of Man

Icepick

Scaramanga 4 wrote: »

I think its a disgrace that this is happening

, Joe!

antoobrien

hfallada wrote: »

The lotto is still gambling but its perfectly acceptable for no particularly good reason.

Because the money "gambled" doesn't go to the winner but the wider community.

hfallada wrote: »

I can't understand why we won't allow license of online gambling in Ireland and tax it.
..
The government could have a large amount of tax from online gambling.

Not possible because of international tax law.

hfallada

antoobrien wrote: »

Because the money "gambled" doesn't go to the winner but the wider community.



Not possible because of international tax law.

The same amount percentage of money is going to "good causes" as before.

Its nothing got to do with tax law. Sure the Isle of Man, Jersey and Channel Islands all do it. Its because the government doesnt want to promote gambling. There is major online casinos and poker companies in Ireland. But IDA keeps quite about it as they dont want to promote it in Ireland.

http://www.irishtimes.com/search/search-7.1213540?q=ida%20online%20gambling

Count Dooku

Good investment for An Post pension fund

Xenophile

Can anyone tell me please! if the National Lottery has been sold yet?

If not I suggest that new owner's ticket and card sales be subject to the current rate of VAT which from memory is 23%. This would ensure a payback to the state..............to use that terrible phrase........"going forward".

Scortho

Xenophile wrote: »

Can anyone tell me please! if the National Lottery has been sold yet?

If not I suggest that new owner's ticket and card sales be subject to the current rate of VAT which from memory is 23%. This would ensure a payback to the state..............to use that terrible phrase........"going forward".

It has, but the money as far as I know still goes back into the community

Victor

Xenophile wrote: »

If not I suggest that new owner's ticket and card sales be subject to the current rate of VAT which from memory is 23%.

So, when you take the VAT, the licence fee and the amount given to charity, there would be nothing to pay for the prizes or the bills?

Xenophile

Victor wrote: »

So, when you take the VAT, the licence fee and the amount given to charity, there would be nothing to pay for the prizes or the bills?

The VAT on lottery sales could be ring fenced for community projects and adjudicated on by an independent commission. Anyone remember the awful spectacle of the former TD for South Kerry in the person of John O'Donoghue conceding defeat in the last General Election, in the course of his speech he stated how ironic it was to be doing this in a community centre that he funded as Minister through the National Lottery.

Turn the radio on

The deal was signed today. The perverted scum have won again.

spank_inferno

Turn the radio on wrote: »

The deal was signed today. The perverted scum have won again.

"Perverted scum"?

For the benefit of the whole class, please explain that one?