ACT set to bring in gaming tax

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    avatarcamilledudley
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    <p>The ACT is expected to introduce a point-of-consumption gaming tax, making the announcement ahead of most states.</p> <p>ACT Chief Minister and Treasurer Andrew Barr is set to reveal the betting operations tax in the territory’s 2018/19 budget on Tuesday.</p> <p>South Australia led the way from July 1 last year with a 15 per cent consumption tax on the net wagering revenue of Australian-based betting companies offering services in that state.</p> <p>The betting operations tax applies to bets on horse, harness and greyhound racing, and bets on sports such as AFL, cricket and soccer.</p> <p>It also applies to other bets, such as those on the winner of the federal election or the Academy Awards.</p> <p>Supporters of the tax argue it levels the playing field for smaller gambling operators, given the larger players will pay much higher taxes than smaller online providers.</p> <p>The Queensland state budget to be delivered on June 12 is expected to have a 15 per cent rate, in line with Labor’s election promise.</p> <p>Other states are looking at bringing in a similar tax in coming budgets.</p></div>

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