3% of turnover for GP1's for Victoria. They are still running a blended model for greater amounts of turnover% vs revenue generated from what I understand.
Queensland racing & NSW are expected to up their race field fees too...
http://www.smh.com.au/sport/horseracing ... zrehd.html
Am sure Betfair will notify us of new tax arrangements
Betfair loses race fields legislation case
Vlandy's interview on Big Sports Breakfast, bit of scaremongering on the Championships carnival next year being on the ropes.
http://media1.sky.apac.kitd.com/POD/1/61RBJS.mp3
Also a glimmer of hope for Aus traders - race field fees for NSW are at maximum. NSW Government needs to come to the party and review takeout on NSW racing (more inline with other states)
http://media1.sky.apac.kitd.com/POD/1/61RBJS.mp3
Also a glimmer of hope for Aus traders - race field fees for NSW are at maximum. NSW Government needs to come to the party and review takeout on NSW racing (more inline with other states)
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In my opinion its pretty simple, they can't tax people on the money they win gambling because essentially if they did you could claim your losses as a tax deduction. However, introduce a turnover tax and then we are paying tax on everything we win and everything we lose!!