Of February for a new tax law at sea

The Irish Times – Tuesday, December 11, 2012

Brian O’Connor

Government plans legislation to allow the collection of paris offshore tax should be in place by the end of February, although any idea of ​​”confinement” for the races estimate of € 15 million per year expected income to be generated by the motion was rejected.

The Minister of Agriculture, Food and the Marine, Simon Coveney insisted yesterday his long-term plans for the industry include a link between tax revenues and funding for paris races that allow long-term “multi-year” planning for the industry.

However, he also pointed out that the reform of the structure of competition, along the lines of the Indecon report released last summer, will be monitored through arguing that he continues to race situation the cabinet table.

Last week’s budget saw a cut

€ 1 million funding horse Ireland, a movement Coveney said, was relatively low compared to other areas of the department which saw € 90 million of dollars in cuts in total.

The Minister was speaking at the ceremony yesterday for HRI 2012 when Aidan O’Brien triple classic winner Camelot was elected Ireland’s horse of the year.

After that he hoped the new draft legislation bet will be completed before the Finance Bill is published, the Minister added: “I think it’s important to say that just because there will be a new source of income, race is not automatically entitled to it. Ministry of Finance is reluctant to confine such funding. “

HRI

officials currently estimate to € 15 million have been generated on offshore tax paris avenues full year to a levy of one per cent and stressed the belief that Minister Coveney more robust funding structure – a rule this year on a year waiting for a digit Finance exact – is the way forward for the race

.

“If I’m going to fight for the race, so I expect the industry to respond as a program of change,” Coveney said. “I insist on a program of reform. This is the case, and I think this is what happens. “

Thanking

Brosnan for 21 years at the head of the race in Ireland Keeling Coveney described as a “hands course choice” for the role of President HRI. He also pointed out another year success for the Irish international racing in 2012 and said: “The race is probably the only sport where Ireland is still the best in the world. Year after year, it produces winners.”

Camelot, winner of the English 2000 Guineas and Derby English and Irish repel challenges from five other horses, including Hurricane Fly and approach of dawn, to be crowned Horse-Of-The-10th Year HRI.

star Aidan O’Brien stays in training next year and 17 times champion trainer said the son of Montjeu is likely to be worn over a mile and a quarter in Campaign 2013.

“He is in great shape again after colic. Has a lot physically,” he said. “I hope we can start him something like Mooresbridge, then maybe the Tattersalls and Royal Ascot. We have always considered his best travel a mile to a mile and a quarter.”

son O’Brien’s son

19 years, Joseph was awarded the flat for a campaign that saw him become champion jockey for the first time.

breaks champion for the first time rider Davy Russell was awarded the National Hunt while Colman Sweeney, Foxhunters winner at Cheltenham in March Salsify, was awarded the Point-to-Point Flemenstar the Coach Peter Casey was awarded the Outstanding Achievement.

HRI Awards 2012

Horse of the Year: Camelot – Winner of the English 2000 Guineas and Epsom Derby. The Aidan O’Brien trained colt also won the Irish Derby at the Curragh.

National Hunt

price . Davy Russell – champion jockey for the first time, the pilot Co Cork-born is number one for Michael O’Leary powerful team Gigginstown Stud

flat Price: Joseph O’Brien

The first jockey over 60 years to become a champion driver of the season after being crowned best apprentice. Rode three wins classic Camelot.

Design

exceptional: Peter Casey

colorful 77 -. years Co Dublin trainer has a first Cheltenham Gold Cup candidate Flemenstar and reached national prominence with a famous interview last January RTÉ

Contribution to Industry: Moyglare Stud

stud Maynooth

founded by the late legendary Swiss businessman Walter Haefner, which celebrated its 50th anniversary this year. Home of champions such as Assert and going and going.

Point to point: Colman Sweeney

Co Cork-based amateur jockey who won the Cheltenham Foxhunters in March of Salsify.

Racecourse of the Year: Ballinrobe

Co Mayo progressive track that has done extensive work on its facilities in the last decade.

p 89EKCgBk8MZdE Of February for a new tax law at sea