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After seeing what online casinos did for the economy of the small island nation that embraced them from the beginning, many countries are trying to accommodate online casinos and become another major base for the industry.  Ireland is determined to do just that and has decided to uphold its no tax policy toward online casinos.  Many online casino operators were nervous about the potential of a new tax as the country recently introduced a tax on brick and mortar betting parlors.

Officials are holding off on taxing online casinos until they can gather more information about the industry.  Irish Finance Minister Brian Lenihan claims the Finance Department would like better research online casinos before deciding whether they will be taxed at all.  The country has an interest in not taxing online casinos.  The jobs created by operators based in the country have been helpful and many are concerned that levying a tax might send away the operators and the jobs they created with them. 

Even if online casinos are taxed in Ireland, it may not be that much money.  Recently, Ireland increased the tax paid by brick and mortar gambling establishment from one percent to two.  In addition to that, the companies did not have to pay any tax on wager made over the phone.  Ireland is clearly very friendly to gambling operations in general, not just online casinos.  

Ireland has good reason to expect more jobs and economic prosperity from their no tax policy as more and more online casinos are likely to flock to their green country.

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