[AusRace] POC tax

[L.B.Loveday]

The Australian reported on the Victorian 8% POC tax: "At almost half the SA
level, that was a coup for online players".

Some coup! An infinite increase in a tax from 0% to 8% is hardly a coup. And
the people who will pay the tax are bookmakers' customers, not bookmakers,
just as surely as GST is paid by buyers, not sellers.

William Hill cut its losses and sold out at a reputed loss of $400m; Luxbet,
backed by the huge TAB, went belly-up late last year and closed its doors,
so the idea that the bookmakers have a significant "tax dodge" is just a
fantasy devised by politicians to justify another grab of our money -
Australian governments have a far more serious gambling addiction than
punters.

The massive increases in TAB commissions (siphoned off to pay rebates) drove
me and others from the TAB; will this POC tax be the straw that will break
our backs?

 

 

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