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Bookie says punters will pay for new taxes

Jan 02, 2019 - Australian Financial Review

The chief executive of one of Australia's biggest corporate bookmakers says it will be punters, and not bookies, who ultimately pay newly introduced point of consumption taxes.

Point of consumption taxes came into force in Victoria, New South Wales, Western Australia and the Australian Capital Territory on January 1 at rates ranging from 8 per cent to 15 per cent. The regimes mean corporate bookies must pay taxes to a state government when they take bets from citizens of that state.

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