RACING TAXATION

Sun (Auckland), Volume IV, Issue 1021, 11 July 1930, Page 14

RACING TAXATION

REPEAL OF STATUTE LAW WANTED “PUBLISH DIVIDENDS” Special to THE SUN WELLINGTON. Today. Touching on the subject of racing taxation at the annual meeting of tiie Racing Conference here today, All*. O. S. Watkins, the acting-president, said that repeated representation had been made for a revision of the system. but so far without success. I trust, however,” continued Air.

Watkins, “that the Government may consider favourably our appeal for relief —if not at once, possibly in the near future. “During the present session we trust the Government will repeal the Statute which prevents the telegraphing of investments on the totalisator to clubs on race days, and prohibits the publication of dividends. “The passage through Parliament of a Gaming Amendment Bill, containing these long overdue reforms sought Cor by the public and by the newspapers. would be welcomed by all concerned with the welfare of our racing industry. Any Statute which fosters illegal ‘betting, and creates a disrespect of the law and its administration, should be repealed forthwith. We trust our legislators will remedy the unpopular and absurd restrictions under which we at present labour.” The amounts of the various taxes paid during the present and previous season are as follow. — 1925-29. 1929-00. £ «=. d £. s d. Total isator-tax , (2-V p.e.l 131.52 S 1-1 0 122.062 SlO Dividf-nd-tax <5 P.c ) . 236,752 4 1 220,473 9 . Stakes-tax (5 p.c.l . 20,832 6- 6 IS,«2L o 0 Amusement - tax . . 12.976 711 12.07..*, 14 9 Land-tax . 2,784 16 0 2.75 S 10 1 Income-tax oa interest 197 0 9 170 8 7 £405,091 12 3 £077,051 17 10 Local Rates £9.199 19 9 £9.000 9 4