WINNING BETS TAXATION
BOOKMAKERS’ BETS; DECREASE.
TOTALISATOR MORE POPULAR.
By TelegriSph—Press Assn.—Copyright.
Rec. 5.5 p.m. Sydney, Dec. 21. The betting tax on winning wagers was inaugurated at the Randwick meeting on Saturday and caused a marked decline ’.in bookmakers’ transactions, which, according to the ring, was scarcely 25 per cent, of the usual volume. The totalisator, however, showed a considerable increase.
Bettors, despite the publicity given to the subject, seemed unable to understand why the bookmakers, who were responsible for deducting and handing the Government 10 per cent, of winning ‘bets, paid only 108 s for 120 s, and were inclined, to argue the matter till one bookmaker referred them to Mr. Lang if they desired any explanation. The tax. does .not apply- to totalisator •winnings. ’:, . ~ ?■/'/ ' ' .
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19301222.2.85
Bibliographic details
Taranaki Daily News, 22 December 1930, Page 9
Word Count
126WINNING BETS TAXATION Taranaki Daily News, 22 December 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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.