N.S.W. BETTING TAX
BOOKMAKERS’ PLIGHT SOME COURSES MAY CLOSE (Elec. Tel. Copyright—United Press Assn.) (Received Dee. 29, 11 a.m.) SYDNEY, Dec. 29. So severely lias the 10 per cent, tax on winning bets hit Sydney bookmakers that a number are arranging to move to other States. Several already have intimated that they do not intend to pay the annual taxation fee. of £7O, due on January 1, for the right to bet in the paddock. In addition they have to pay a licence fee to the Australian Jockey Club. Indeed bookmakers are so perturbed by the falling oil' of attendances at. the larger race meetings, and the disinclination of clients to wager under present conditions that they consider it would be advantageous if they held aloof until the betting tax is modiiied or repealed. It is reported that more than one Sydney racecourse will be closing down before long.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17452, 29 December 1930, Page 7
Word Count
149N.S.W. BETTING TAX Poverty Bay Herald, Volume LV, Issue 17452, 29 December 1930, Page 7
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