THE TOTE TAX
FURTHER DISCUSSION
(By Telegraph—Per Press Association.)
WELLINGTON, May 1
' The Sports’ Protection League says, in further discussing the proposal to increase the totalisaor tax, states Mr Poison said at Gore: “That the racing industry would not have to pay one penny more under his scheme, the increased rate would be passed oit to the public.”
The League points out that the increased rate cannot be passed on 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 industry from the machine had fallen more than £200,000. One more turn of the screw and both the State and the industry will he the losers. ■This position 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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Hokitika Guardian, 1 May 1930, Page 5
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164THE TOTE TAX Hokitika Guardian, 1 May 1930, Page 5
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