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Online betting tax fears

BOOKMAKER Paddy Power has said 350 jobs earmarked for Ireland could be lost if the Government does not find a way to apply an online betting tax to its offshore competitors.

At the company's AGM yesterday, chief executive Patrick Kennedy said that these new "smart economy" jobs were at risk. There would also be a potential impact on 700 existing jobs at their site in Tallaght following Brian Cowen's announcement that internet betting will be taxed. "We have felt for some time, and the Taoiseach's comments reinforced this, that there is a risk that these jobs will have to be diverted from Ireland," he said.