Tax break for Betfair passed (update)


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

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

3mins ago someone from United States played Gladiator Slot

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    24
  • Members Online
    407
  • Guests
    1,855
Highest Community Rated Online Casinos
Guts Casino
  (272 Ratings)
32 Red Casino
  (512 Ratings)
Club USA Casino
  (383 Ratings)
Mr Green Casino
  (377 Ratings)
Buzzluck Casino
  (248 Ratings)
Lucky Red Casino
  (297 Ratings)
Videoslots.com
  (245 Ratings)
Bet365 Games
  (240 Ratings)
CasinoRoom
  (243 Ratings)
Unibet Casino
  (223 Ratings)
Raging Bull
  (175 Ratings)
NextCasino
  (243 Ratings)
CasinoLuck
  (318 Ratings)
SlotsMillion
  (155 Ratings)
Betsson Casino
  (312 Ratings)
TradaCasino
  (98 Ratings)
Redbet Casino
  (227 Ratings)
Betsafe Casino
  (288 Ratings)
Vera John Casino
  (247 Ratings)
Casino Extreme
  (261 Ratings)
ComeOn Casino
  (348 Ratings)
Thrills Casino
  (237 Ratings)
Ladbrokes Casino
  (200 Ratings)
Chance Hill
  (52 Ratings)
InterCasino
  (196 Ratings)
Bet365 Casino
  (488 Ratings)
Intertops Red Casino
  (172 Ratings)
Slotland
  (423 Ratings)
BETAT Casino
  (285 Ratings)
Slotty Vegas
  (170 Ratings)


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