BETTING TAX

Hokitika Guardian, 7 January 1931, Page 6

BETTING TAX

STARTING PRICE SHOPS. (Australian Press Association.) SYDNEY, January 6. It was authoritatively stated to-day that the Lang Government.-intends to license starting-price betting shops .and -agencies throughout the metropolitan area and the country. The new methods for circumventing any leakage ih ; revenue through' 1 - evasions of the betting tax are to be introduced. N.Z. HORSE OWNER CRITIC. SYDNEY, January 6. Mr J. G. Barton, the New Zealand horse owner, arrived to-day by the Marama. He said that Mr Lang’s betting tax most assuredly would prevent New Zealand racehorses, from comirig to Australia. He pointed .out that the margin of profit was so speculative that owners and trainers would certainly not find any encouragement for bringing valuable animals across the Tasman Sea when the taxation on the winnings was so severe. ■■■ MR LANG S WARNING. ~ c ~ (Received this day at 8 a.m.) SYDNEY, January 6. ~ jßremieF Land deelat:es~the head’of a .-'big-.'company." fqrnrihg)' in Melbourne with one hundred thousand capital to receive bets from New South A) ales, 'with'’ the ''object* of''defeating 'the winning bets tax. He warned tbe originators would not--hesitate ; to impose drastic penalties, and’ would even,/ if necessary, prohibit the publication of betting odds.