Taxing Business

Paddy Power issues warning to government over tax plans

Paddy Power may be known as the Irish bookmaker that doesn’t take itself too seriously, but the company has warned that this may be about to change if plans for online gambling taxation is made into a reality.

The bookie has said that the proposed 750 new jobs it was looking to create may be put on hold should the gambling tax be enforced in Ireland.

Paddy Power’s chief executive, Patrick Kennedy, explained:

“We don’t have an issue with paying betting taxation. Our issue is if we have to pay it solely because we employ people in Ireland.”

The bookie has enjoyed incredible success over the past few years with many UK customers switching from rival operators to bet on the football World Cup in June.

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