Totalisator Duty Not Yet Fixed
Betting Tax Reduction Plan LESS EVASION HOPED FOR U d. 11 a.m. RUGBY, Monday. On the report stage of the Finance Biil, Mr. Winston Churchill, Chancellor of the Exchequer, moved a new clause, the effect of which was to reduce the betting tax from October 1 next for credit betting from 3J per lent, to 2 per cent., and for course betting from 2 per cent to 1 percent He hoped the redaction in duty wvuild add to the efficiency of the tax. and that there would be less evasion. If a practical scheme of grading licences were to be devised, that scheme would supersede either in whole or in part the reduced percentThe rate of duty upon the totalisator had not been settled at the present moment. As soon as the new body was constituted, the Government would begin examination with it. and see what was the fair proportion which it might properly take. The new clause was read a second time by 199 to 11. and was added to the Bill.
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Bibliographic details
Sun (Auckland), Volume II, Issue 414, 24 July 1928, Page 9
Word Count
178Totalisator Duty Not Yet Fixed Sun (Auckland), Volume II, Issue 414, 24 July 1928, Page 9
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