HRI's long-running funding ambitions rebuffed again in Budget
Horse Racing Ireland's campaign for an increase in betting tax from one per cent to 2.5 per cent has again fallen on deaf ears.
To the surprise of almost no-one, bar an optimistic tendency within the racing and breeding industries, minister for finance Paschal Donohue resisted change to the existing regime when introducing the Budget last week.
Issue 94 of HRI's online bulletin Go Racing makes interesting reading. It deals with HRI's response to the publication of a report at a 'Budget Perspectives Conference' organised by Ireland's Economic & Social Research Institute, and quotes Brian Kavanagh, chief executive of HRI: "Racing can be, and should be, fully funded from off-course betting, and HRI is fully committed to this objective." The dateline on the story is October 13, 2006.
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