Tax break for Betfair opposed by green party


With the balance of power in Australian politics, the Greens demand attention

The proposed tax deal between the Tasmanian government and the Australian operations of online gambling giant Betfair appears to have run into trouble, with Green Party politicians protesting that the special arrangements will syphon funds away from essential services.

Earlier this year the Tasmanian government tabled a bill suggesting a reduction in Betfair's tax level which would reduce its contribution to state coffers from A$8 million to A$2 million.

This week the Green's treasury representative told parliament that the tax cuts would inevitably lead to government making up the shortfall by reducing services or increasing taxation elsewhere.

"We should not be having taxation by negotiation in this state, the government has a responsibility for setting rates of taxation and they should not be negotiated away at the drop of a hat or at the call of any particular business," he said.

Tasmanian Treasurer Michael Aird defended the proposal, saying that his budget clearly outlines the reduced tax revenue involved in the Betfair deal.

"The level of fees and licences and taxes relating to that arrangement with Betfair would incur loss of revenue to the state. The figures in the budget are a very clear indication of our estimate of the revenue that we expect from Betfair," Aird said.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from United States played 7 Oceans

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    21
  • Members Online
    414
  • Guests
    1,581
Highest Community Rated Online Casinos
SlotsMillion
  (100 Ratings)
32 Red Casino
  (365 Ratings)
Guts Casino
  (205 Ratings)
Club USA Casino
  (297 Ratings)
Mr Green Casino
  (314 Ratings)
Buzzluck Casino
  (185 Ratings)
Lucky Red Casino
  (237 Ratings)
Videoslots.com
  (176 Ratings)
BETAT Casino
  (221 Ratings)
NextCasino
  (175 Ratings)
Bet365 Games
  (195 Ratings)
Unibet Casino
  (165 Ratings)
CasinoLuck
  (246 Ratings)
Betsson Casino
  (240 Ratings)
Betsafe Casino
  (220 Ratings)
Redbet Casino
  (175 Ratings)
ComeOn Casino
  (282 Ratings)
Spin Palace Casino
  (131 Ratings)
Casino Extreme
  (185 Ratings)
Intertops Red Casino
  (140 Ratings)
Slotty Vegas
  (129 Ratings)
Vera John Casino
  (199 Ratings)
Thrills Casino
  (160 Ratings)
Slotland
  (345 Ratings)
Hello Casino
  (95 Ratings)
Ladbrokes Casino
  (167 Ratings)
Liberty Slots Casino
  (215 Ratings)
Sin City Casino
  (116 Ratings)
Casino Saga
  (115 Ratings)
Win A Day Casino
  (363 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus