VICTORIAN POLITICS
NEW BETTING TAX (By Electric Telegraph—Copyright) (AustrUi&a A N.Z. Cable Aasociation.) (Received 14lli Oct., 10.40 a.in.) .MELBOURNE, This Day, lu tho Assembly, delivering his budget speech, Treasurer Peacock said there would bo no alteration in Iho rates of income tax, hut new taxation on betting, which is estimated to increase tho revenue by £417,000. It is to take, tho form of a tax of It per cent, on the turnover of each bookmaker. The present stamp duties, belting tickets and licenses or permits will be abolished, but a license fee of £1 will bo charged on each bookmaker's certificate. The. rosforation of stamp duties on hills of exchange and promissory notes to the rates ruling before the war was another feature of the speech.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19261014.2.53
Bibliographic details
Nelson Evening Mail, Volume LXI, 14 October 1926, Page 5
Word Count
126VICTORIAN POLITICS Nelson Evening Mail, Volume LXI, 14 October 1926, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.