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Australia new federal government national gambling tax
Thursday, November 5, 2015 : AUSTRALIAN BACK BENCHER PROPOSES NEW NATIONAL GAMBLING TAX
Victoria state National party Senator Bridget McKenzie also wants to prohibit Aussies from gambling with offshore firms.
The Guardian newspaper in Australia reports that Victoria state Senator Bridget McKenzie has proposed a new federal government national gambling tax and a ban on Aussie punters gambling with foreign operators who are unlicensed in the country.
Her proposal calls for an evenly applied, uniform federal tax of 0.05 percent on turnover in which all states and territories would share, and strict enforcement provisions that would include banking and other blocks on illegal operators.
The tax would be collected by licensed betting operators on all transactions relating to Australian events.
This week McKenzie called for the government's review of the Interactive Gambling Act to consider her proposals as part of its study and recommendations.
Sen. McKenzie has also reminded prime minister Malcolm Turnbull that she flagged her plans for him whilst he was Communications Minister.
Voicing her concern that sports betting was the fastest growing market in Australia, yet faced minimal taxation, McKenzie opined to the Guardian: “In terms of wagering, the current legal framework doesn’t provide the outcomes we need.”
She told the newspaper that she has raised her proposal in a formal submission to the government’s tax review committee, and will pursue the proposal in a speech when federal parliament resumes next week.
McKenzie has also proposed that a product levy be applied uniformly across all sports in order to raise money for sporting infrastructure and harm minimisation projects. The levy could be made a licensing condition for gaming operators, she suggested.
“A condition of an Australian wagering operating licence will be that any licensee has to ensure that their affiliates pay Australia the product levy on betting by all customers on all Australian sports,” she said, claiming that her proposals address "...the exponential increase in online sports betting and recognise that the internet had made state-based regulatory regimes impractical."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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