Racing codes demand rethink on betting tax
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[November 03, 2008]

Racing codes demand rethink on betting tax

Nov 03, 2008 (The Age - ABIX via COMTEX) --
The Victorian Government has been asked to demonstrate how Victorian racing will not be disadvantaged by a proposal to reduce parimutuel wagering taxes. Thoroughbred Racehorse Owners Association president, David Moodie, said cutting taxes from Tabcorp revenue by 60% does not guarantee the racing industry its current revenue stream. The tax rate for parimutuel wagering will be cut from 19.11% to 7.6% and from 10.91% to 4.38% for fixed betting, with the savings to replace revenue currently derived from poker machines.



Publication Date: 4 November 2008
NATIONAL RACEHORSE OWNERS ASSOCIATION (AUSTRALIA) INCORPORATED
TABCORP HOLDINGS LIMITED - ASX TAH
RACING VICTORIA LIMITED
HARNESS RACING VICTORIA
GREYHOUND RACING VICTORIA

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