New Posts For Thread: Betfair lose High Court battle in Australia - To pay 1.5% of TURNOVERhttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnoverhttp://www.smh.com.au/sport/horseracing/racings-100m-windfall-after-court-ruling-20120330-1w22x.htmlThe NSW thoroughbred racing industry is set to reap a $100 million bonanza following a ruling handed down this morning by the High Court.The High Courthread was interesting til halfway down the first page,moronhttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523639333#523639333thread was interesting til halfway down the first page,moronFri, 31 Aug 2012 09:14:22 -0500Try reading my post correctly Alias. Of course I am aware the levy and betting tax WERE based on turnover. Corporation tax has always been a tax on profits. The current levy is payable on profits and not turnover.https://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523635225#523635225Try reading my post correctly Alias. Of course I am aware the levy and betting tax WERE based on turnover. Corporation tax has always been a tax on profits. The current levy is payable on profits and not turnover.Fri, 31 Aug 2012 06:16:42 -0500gross profit tax, purely based on profit came in a number of years ago, asked for by the bookmakers and granted by the governmenthttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523635127#523635127gross profit tax, purely based on profit came in a number of years ago, asked for by the bookmakers and granted by the governmentFri, 31 Aug 2012 06:12:13 -0500In this country bets as such haven`t been taxed for many years,though of course most of us are old enough to remember when they were. British firms have gone offshore to avoid paying GB Corporation Tax and to a lesser extent the Levy. Both of these ahttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523635055#523635055In this country bets as such haven`t been taxed for many years,though of course most of us are old enough to remember when they were. British firms have gone offshore to avoid paying GB Corporation Tax and to a lesser extent the Levy. Both of these aFri, 31 Aug 2012 06:09:08 -0500A lot of issues got confused on this thread.I know the Aussies will come back and say Betfair have been paying it since 2006,but they obviously hoped they might get it back. Now it's clear they won't has this ruling had any effect on BF Australian mahttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523633743#523633743A lot of issues got confused on this thread.I know the Aussies will come back and say Betfair have been paying it since 2006,but they obviously hoped they might get it back. Now it's clear they won't has this ruling had any effect on BF Australian maFri, 31 Aug 2012 04:47:41 -0500mmmmmmmmmmmmmmmmm i live in the united knigdom so unlikly i will go to a austalian race coursehttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=523632333#523632333mmmmmmmmmmmmmmmmm i live in the united knigdom so unlikly i will go to a austalian race courseFri, 31 Aug 2012 02:35:22 -0500Victoria now increases to 2.0% for it's Carnival period. Right there on day one tells you where turnover taxes lead.https://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=518483947#518483947Victoria now increases to 2.0% for it's Carnival period. Right there on day one tells you where turnover taxes lead.Wed, 11 Apr 2012 06:23:46 -0500barry dennis11 Apr 12 09:48Joined:23 Jan 02| Topic/replies: 348 | Blogger: barry dennis's blogToday, Australian Gambling Authorities confirm betting exchanges will be taxed 1.1/2% on turnover, how will they absorb these charges or just accept defeat.https://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=518482165#518482165barry dennis11 Apr 12 09:48Joined:23 Jan 02| Topic/replies: 348 | Blogger: barry dennis's blogToday, Australian Gambling Authorities confirm betting exchanges will be taxed 1.1/2% on turnover, how will they absorb these charges or just accept defeat.Wed, 11 Apr 2012 04:53:18 -0500tommyjone,Has Australian racing improved over the years, from the prize persective? I'm Irish and I recollect Pat Glennon and Garney Bogoure (spelling?) coming over from Australia to ride for Vincent O'Brien in the 60s, for the money I assume. Has thhttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=518481813#518481813tommyjone,Has Australian racing improved over the years, from the prize persective? I'm Irish and I recollect Pat Glennon and Garney Bogoure (spelling?) coming over from Australia to ride for Vincent O'Brien in the 60s, for the money I assume. Has thWed, 11 Apr 2012 04:20:45 -0500tommyjone,Has Australian racing improved over the years, from the prize persective? I'm Irish and I recollect Pat Glennon and Garney Bogoure (spelling?) coming over from Australia to ride for Vincent O'Brien in the 60s, for the money I assume. Has thhttps://community.betfair.com/horse_racing/go/thread/view/94102/29032149/betfair-lose-high-court-battle-in-australia---to-pay-15-of-turnover?post_id=518481811#518481811tommyjone,Has Australian racing improved over the years, from the prize persective? I'm Irish and I recollect Pat Glennon and Garney Bogoure (spelling?) coming over from Australia to ride for Vincent O'Brien in the 60s, for the money I assume. Has thWed, 11 Apr 2012 04:20:43 -0500