Results 1 to 3 of 3
  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
    Join Date
    February 2007
    Location
    Newton, MA
    Posts
    3,120
    Thanks
    143
    Thanked 1,109 Times in 690 Posts

    Default Western Australia slugs online bookmakers with new tax

    According to a report in The Australian, Western Australia has increased pressure on online bookmakers with the introduction of a new wagering tax, which the sector warns will be passed onto punters.

    From the report:

    The state government announced in its budget yesterday a 15 per cent point of consumption tax, which is similar to a tax South Australia introduced in July this year.

    Responsible Wagering Australia said it was disappointed by the Western Australian government’s move given it had agreed to participate in the Federal Government’s national wagering tax plan.

    The industry body argued that the new state tax would see Australian-licensed online wagering operators paying an effective tax rate of more than 40 per cent on revenue from customers in WA, making the state among the highest taxing jurisdictions in the world for wagering products.

    “The WA Government’s decision needlessly puts at risk the potential of achieving nationally harmonised approaches to taxation and consumer protection in the wagering industry,” the RWA said in a statement.

    RWA’s executive director Stephen Conroy said the WA government’s decision to go it alone would force operators to pass on the additional costs to WA consumers.

    “The resulting downturn in wagering in the state will result in lower returns to the state’s racing industry and an increased reliance on government funding,” he said.
    Read the entire article here: http://www.theaustralian.com.au/busi...802ae29eca9019

  2. The Following 2 Users Say Thank You to The Buzz For This Useful Post:

    Miles_Videoslots (13 September 2017), TheGooner (12 September 2017)

  3. #2
    matthewt's Avatar
    matthewt is offline Public Member
    Join Date
    July 2006
    Location
    US
    Posts
    357
    Blog Entries
    4
    Thanks
    466
    Thanked 126 Times in 98 Posts

    Lightbulb 15% is Too Much...

    15% is too much to make money, for punters. They will go underground and use illegal sites to avoid the fee.





    However, it is a regulation that someone wants to see in existence. So let's see what it does after a year or so. Only time will tell.
    Growl! You can pluck a no deposit bonus.
    Attention Webmasters: Buy Casino Ads

  4. #3
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    2,140
    Thanks
    626
    Thanked 1,632 Times in 914 Posts

    Default

    I hope so. Illegal sites need affiliates more than legal ones.
    There is no upper age limit but people over 60 years old are not recommended to trade bitcoin in consideration of price volatility and risk tolerance.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •