Online Casino News - Tax break for Betfair opposed by green party
25th of August 2010 - latestcasinobonuses.com
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
27th of August 2010
5th of March 2011
8th of March 2014
20th of January 2014
25th of January 2014
11th of January 2014
12th of February 2014
18th of January 2014
28th of January 2014
Disclaimer Contact Us Privacy Gambling Help Site Map
LatestCasinoBonuses.com © 2006-2014
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here