Rabitte calls for review of horse-owner tax laws

The Taoiseach is being asked to review the tax laws which allow horse-owners make millions at studs, without filing returns for income made in that area.

The matter raised in the Dail by Labour leader Pat Rabbitte, who used Alex Ferguson's Rock of Gibraltar as an example of a horse that will earn millions from going to a stud in the State, with substantial taxes foregone.