The Irish bloodstock industry has thrived and employs more than 16,500 people, with leading global players like Coolmore, the Aga Khan and the Maktoums plus others having invested heavily in Irish-based operations. Some 400 Thoroughbred stallions, including Europe's 14-time champion, Sadler's Wells, stand in Ireland. The figure has decreased rather than increased in recent years because of the practice, started in Ireland, of more mares being covered per stallion - the record this year was 368. The fee for the Sadler's Wells is private but it is estimated that the 24-year-old son of Northern Dancer, who stands at John Magnier's Coolmore Stud, costs around 250,000euros per nomination. He covered 124 mares in 2005, while Coolmore's most prolific stallion was Montjeu, visited by 193 mares according Weatherbys return of mares records.Irish politicians want the bloodstock industry to remain healthy, while many of the biggest players are not tax resident themselves in Ireland where the corporation tax for company profits remains low at 12.5%.Also in the future, taxed stallion income will be offset by claims for expenses and losses. With an estimated nine out of 10 new stallions failing to pay their way in the long run, this could be very significant.Therefore, the loss of the tax break may not be too detrimental but only time will tell.
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