TOTALSATOR TAX.

Taranaki Daily News, 30 December 1920, Page 4

TOTALSATOR TAX.

TARANAKI CLUB'S PAYMENT LEVY OF £4OOO. As rt result of the Taranaki Jockey Club's record Christmas meeting at New Plymouth, when the totalizator handled £81,!)li2 for the two days, the revenue of the country will benefit to the e»-

tent of over £4OOO, this being approximately the amount which the club will have to pay by way of taxes. There was only one race meeting ir New Zealand yesterday, the second daj of the Auckland meeting, when th< totalisator handled £108,255 10s—J larw increase on the figures for the cor. responding day last year. This bringi the total totalisator returns for tin principal meetings in New Zealand thli week to £033,108. Judging by the pay ment made by the Taranaki Club ji I taxes, it will be seen that a larjc amount will be provided for the Coft solidated Fund ns the result of the" racing carnival throughout the Dominion during' Christmas, while there are several more meetings to be held during the New Year holidays. Clubs are taxed on four different items —namely, "tote" turnover, dividend tu (another war levy), amusement tar, anc percentage on amount given in stakes The Taranaki Club's tax for totalisatoi turnover will amount to approximately £2049, while the dividend tax will be Ifeout £1844 2s (Id. The one per cent. levy on the stakes will be £3O odd, and the amusement tax (on gate receipts, etc.) is estimated to be about £l5O.