27th of August 2010 Author: Ava Jackuard
Tasmanian opposition party supports government's deal with online gambling giant.
Despite opposition from the Green Party , a Tasmanian government proposal to give online betting giant Betfair a A$6 million tax break has been passed in the Lower House, thanks to support from the official Opposition Liberal Party.
ABC reports that the government's bill will reduce Betfair's state tax contribution from nearly A$8 million to about A$2 million a year.
Liberal spokesman Peter Gutwein told the Tasmanian parliament that while the deal represents a big drop in tax revenue, it is better than no revenue at all.
"We ran the very real risk that this betting exchange would vacate the state," he said.
The five Green Party MPs voted against the legislation, with spokesman Kim Booth voicing his party's contempt for the tax breaks.
"How low does a government go to simply just retain a business here on the basis it will create a few jobs?" he said.
Greens leader Nick McKim and Greens Cabinet secretary Cassy O'Connor abstained from Monday's cabinet deliberations on the legislation.
General Gambling News Gambling Law & Society News
25th of August 2010
21st of September 2010
18th of September 2014
17th of September 2014
21st of August 2014
6th of August 2014
13th of August 2014
22nd of July 2014
7th of August 2014
28th of August 2014
Disclaimer Contact Us Privacy Gambling Help About Us 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