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Tabcorp has urged a ban on wagering operators utilising tax havens

Monday February 16,2015 : TABCORP URGES BAN OF OPERATORS IN TAX HAVENS

Makes submission to corporate tax inquiry

Australian operator Tabcorp has urged a ban on wagering operators utilising tax havens such as Vanuatu in a submission made to an Australian corporate tax enquiry.

The submission follows a 90-page report titled “Who Pays For Our Common Wealth?” released in September 2014 that detailed many top ASX200 companies with subsidiaries in tax havens paying well below the corporate tax rate of 30 percent.
  
In other submissions to the inquiry, other ASX 200 companies openly detailed their use of overseas hubs where they claim interest payments to lower their tax bills, SMH reported this morning (Monday).

Tabcorp proposes amendments to the Interactive Gambling Act requiring operators obtain an Australian licence before being able to accept bets from Australian citizens ensuring they operate under pre-determined conditions that would cover contributions to horse racing, tax and responsible gambling initiatives.

Kerry Willcock, executive general manager of legal and regulatory for Tabcorp said in the submission: “A number of offshore jurisdictions, such as Vanuatu, offer licences to wagering operators under no or low-tax regimes.”
 
"There are few barriers to wagering operators, such as corporate bookmakers licensed in the Northern Territory, re-establishing their Australian operations in these low or no-tax international jurisdictions.”



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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