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Irish Budget let-down for tax-cut lobby.

Speculation that off-course betting tax, currently five per cent, might be reduced in yesterday's Irish Budget proved unfounded.

In his Budget speech, the Dail Minister for Finance, Charlie McCreevy, made no mention of betting tax or of any other matters directly concerning the thoroughbred or greyhound industries.

There remains a possibility of a reduction in the New Year.

The legislation setting up Horse Racing Ireland-the new controlling body for Irish racing-is expected to be introduced in the Dail when it

resumes after the Christmas recess. It is hoped to have

the legislation passed by the Dail and the Senate before Easter.

With Irish racing now being funded directly from off-course tax, any cut would probably have to come with an arrangement ensuring that the sport would not be worse off.
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Title Annotation:Sports
Publication:The Racing Post (London, England)
Date:Dec 7, 2000
Words:130
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