Oh boy, they don't like the competitive forces! The Victorian State Government is considering revoking a tax exemption granted to TOTE Tasmania in order to protect Victorian racing industry revenue, says Deputy Premier and Minister for Racing Rob Hulls said. Apparently, there are concerns over the current pooling arrangements with TOTE Tasmania, and the Government is anxious to ensure that Victorian racing industry revenues are not jeopardised by any so-called 'predatory practices' of pooling pa
Oh boy, they don't like the competitive forces! The Victorian State Government is considering revoking a tax exemption granted to TOTE Tasmania in order to protect Victorian racing industry revenue, says Deputy Premier and Minister for Racing Rob Hulls said. Apparently, there are concerns over the current pooling arrangements with TOTE Tasmania, and the Government is anxious to ensure that Victorian racing industry revenues are not jeopardised by any so-called 'predatory practices' of pooling partners. Hulls, the man who wants to ace jumps racing in Victoria, says there's a risk of 'revenue leakage' from Victoria to the jurisdictions of pooling partners who have lower tax rates. This is because of the potential for them to offer rebates and inducements.
Wow...never let it be said that the punters can be offered rebates and inducements! That will never do.