Posted 1/19/11 : New Zealand racing hopes to impose a levy on bookies
Following the lead of Britain and more recently Australian horseracing, the New Zealand racing trade association is hoping to extract a subsidisation levy from local bookies.
National racing board chief executive Andrew Brown, who resigned last week to take his family back to the UK, has revealed that online betting on the horses via offshore operators is having a detrimental effect on his members.
He has reportedly suggested that New Zealand should follow in the footsteps of Australia and impose a 1.5 percent ‘race fields’ tax on turnover in order to support the industry, as it is unlikely that offshore internet bookies will voluntarily pay a levy.