Tax on betting, PMU races canceled… Why is the horse racing trade on strike? | EUROtoday

Phorse racing ace this Thursday, November 7! The sector was on strike to protest in opposition to a reform, though aborted, of the taxation of horse racing betting. The final cancellations of equestrian races date again, aside from the well being disaster linked to Covid-19, to the Second World War. An illustration additionally came about within the streets of Paris this Thursday.

In a joint press launch, a number of organizations within the sector clarify “denounces[r] the deadly choice of the government to increase the taxation of horse racing betting”.

“This desire,” the press launch continues, “doesn’t consider the fact of horse racing betting, which isn’t a basic playing sport as a result of it funds a complete agricultural sector: a rise in taxation means a drop in revenue. for farmers, and it is a mechanical danger of a drop in exercise and job losses. The horse racing trade, already in problem resulting from a discount in horse racing betting, will be unable to deal with an additional discount in its solely supply of financing. »

The cancellation of the 25 races scheduled for this Thursday would symbolize, based on the trade, a lack of 3 million euros. At the decision of a number of organizations within the sector, akin to France Galop and the Société du Trotteur français, an illustration is happening this Thursday in Paris between Place Denfert-Rochereau and Place Vauban, positioned close to Les Invalides.

Prevent any reformist inclinations of senators

On Monday, October 28, the federal government tabled an modification to the Social Security invoice. The modification supplied for a rise within the tax on gross proceeds from horse racing betting. In element, it was a query of accelerating the tax on bets made at bodily factors of sale from 6.9% to 7.5%, and from 6.9 to fifteen% for bets recorded on-line. Such a rise would symbolize a lack of 35 million euros per yr for the sector, calculates Stéphane Meunier, president of the Union of Trainers, Drivers and Jockeys, invited Thursday on France Info.

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Another modification, tabled by centrist MP Charles de Courson, aimed to introduce a tax of 13.7% on every euro of earnings above 1,500 euros. The Minister of the Budget, Laurent Saint-Martin, himself expressed his disagreement with these amendments. “I hope that the owners, all those who make up the equestrian life of our country, can be protected from taxation which would prevent them from working,” he assured throughout this system Sunday in politics on France 3, on November 3.

Both amendments had been rejected within the National Assembly on Monday, November 4. The risk subsequently appears distant, at the very least briefly. But the trade is anxious that the topic will come again in the end within the debates. To dissuade senators from making an analogous proposal, she determined to flex her muscle groups. After this, will anybody nonetheless need the little horse lifeless?