Online Casino News - Tax break for Betfair passed (update)
27th of August 2010 - latestcasinobonuses.com
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
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