TAX ON RACING
MR W. J. POLSON’S PROPOSALS. REPLY BY SPORTS PROTECTION LEAGUE. (Per United Press Association.) Wellington, May 1 The Sports Protection League says, in further discussing the proposal to increase i the totalisator tax, that Mr W. J. Polson: said at Gore "That the racing industry would not have to pay one penny more under his scheme, as the increased rate would be passed on to the public.” The league states that the increased rate cannot be passed on to the public without affecting what he calls the racing industry. Since the dividend tax was doubled the State revenue from the totalisator had last season only increased by a little more than £25,000, but the revenue received by the industry from the machine had fallen by more than £200,000. One more turn of the screw and both the State and the industry will be the losers, a position which has already arrived in his own electorate, where the club now collects from the public for the Government less revenue than it did before the tax was doubled.
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Bibliographic details
Southland Times, Issue 21072, 2 May 1930, Page 10
Word Count
179TAX ON RACING Southland Times, Issue 21072, 2 May 1930, Page 10
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