Rose Conway Walsh (Sinn Fein) | Oireachtas source

A great deal of social damage is caused by betting and that necessitates a higher tax contribution from the sector. The current duty does not even cover the horse and greyhound fund, however, and it has not done so for a long time. I have an issue, however, with the way in which the tax is being levied. It is not a million years since betting duty of 10% was applied but it is crucial to note that this duty was imposed on the bet and borne by the punter. I have seen the accounts of local bookies operating on slim profit margins and it is clear that doubling the turnover tax will hurt them immensely whereas Paddy Power and other larger chains will be able to absorb the cost. While some Members are calling for a gross profit tax instead, that will not deal with the fact that gambling is damaging and nor will it tackle the actual behaviour at source. An examination is required in respect of the elasticity of a betting tax and the impact it could have on behaviour. I agree that it must be done in a sustainable way which protects jobs. It is possible to achieve a balance across the board.