THE TOTALISATOR TAX
Per Press Association.
HUGE LOSS SIXCE TAX WAS INSTITUTED. SPORTS PROTECTION LEAGUE PROTESTS.
WELLINGTON, This day. The Sports Protection League says, in further discussing the proposal to increase the totalisator tax, that Mr W. J. Polson said. at Gore, "that the racing industry would not liave to pay oue penny more under his sclieme. The increased rate would be passed 011 to tlie public.'" The league points out that the increased rate cannot be passed on to the public without affecting what he enlls "the xacing industry." ! Sinoe the dividend tax was doubled the State revenue from the totalisator had last season only increased by a little more than £25,000, but revenue received by tlie industry from tlie macliine had fallen hy inore than £200,000. One more turn of the screw and both the State and tlie industry will be the losers. The position has already arrived in his own electorate, where the club now collects from the public, for the Government has less revenue than it did before the tax was doubled.
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Daily Telegraph (Napier), Volume 59, Issue 75, 1 May 1930, Page 7
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176THE TOTALISATOR TAX Daily Telegraph (Napier), Volume 59, Issue 75, 1 May 1930, Page 7
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