McCreevy closes in on horse breeders

FINANCE Minister Charlie McCreevy moved closer to taxing the multi-million euro bloodstock industry when he published the Finance Bill yesterday.

Bowing to years of public and political pressure, Mr McCreevy said those earning stallion, forestry and greyhound stud fees will now have to make income returns to the Revenue Commissioners.

The move will allow the Government profile the earnings of the industry, with a view to taxing them at a later date.