TOTALISATOR TAXES
DEDUCTIONS COMPARED
In New Zealand at the present time the clubs take 8% per cent, from the gross totalisator. .turnover, the, Government takes 4 per cent, and there is also a 5 per-cent, dividend tax on the rcmaindei.
It is of interest to compare these deductions with what is taken out in other countries'where, machine bettipg is in vogue Mr L L Raymond, mauagci and secietary pi Automatic Totahsators, Ltd , Sydney, is the authority foi the figuies, which are appended.— Clubs Govt Per cent. Per cent England 10 nil I ranee 5 *2V& NSW: City and Metio- ' pohtan . 3 1* 9 NSW- Country 7 54 Victoria 5 5 ■ South Australia 7% jH Queensland 8% 5 Western Australia .... 6 7% .'New Zealand ~. SJ-_ 8^ 1 The figures for France are not guaranteed as now- correct, as there has been a possibility of a change in recent months. In England, New South Wales, Victoria, Queensland, and Western Australia bookmakers arp. competing with the totalisator.
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Bibliographic details
Evening Post, Volume CXIV, Issue 16, 19 July 1932, Page 4
Word Count
164TOTALISATOR TAXES Evening Post, Volume CXIV, Issue 16, 19 July 1932, Page 4
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