BarryB Posted May 5 Share Posted May 5 https://www.legislation.govt.nz/act/public/2007/0097/latest/DLM1513281.html Quote Link to comment Share on other sites More sharing options...
curious Posted May 5 Share Posted May 5 (edited) 49 minutes ago, Buller Rep said: Please explain to me how the NZ taxpayer currently contributes anything to the TAB either daily weekly, monthly or yearly. I admit that the Taxpayer/NZ Government bailed out the TAB incidentally caused by the idiots of their own appointments, John Allen etc. I would have thought that the TAB and/or Racing Industry was a huge contributor in reverse, Duty, GST, Tax on wages via Stable Staff, Race-day people, Tote staff etc. C'mon BR. To start with, by granting the TAB income tax free status, unlike the competing Oz TABs and bookies. Now they have also been given gaming duty free status unlike competing business - gaming, casinos, lotteries. All to the loss of NZ taxpayers. Edited May 5 by curious 1 Quote Link to comment Share on other sites More sharing options...
Turny Posted May 5 Share Posted May 5 Agree BR The sale probably took place as Gummerment likely said no dollars in our well so no second bite of the cherry here. The price was certainly paid for incompetence as eveidenced by the ditching of the whizz bang TAB site, and what an expensive Banger it was. On reflection words fail me, how on earth did a Board sign off on that …. 1 Quote Link to comment Share on other sites More sharing options...
curious Posted May 5 Share Posted May 5 2 hours ago, BarryB said: https://www.legislation.govt.nz/act/public/2007/0097/latest/DLM1513281.html If racing people are that stupid that they need to even ask the question, then they deserve what they are getting. I give up. Mark Twain comes to mind. Never argue with stupid people, they will drag you down to their level and beat you with experience. 2 Quote Link to comment Share on other sites More sharing options...
curious Posted May 5 Share Posted May 5 1 hour ago, Turny said: Agree BR The sale probably took place as Gummerment likely said no dollars in our well so no second bite of the cherry here. The price was certainly paid for incompetence as eveidenced by the ditching of the whizz bang TAB site, and what an expensive Banger it was. On reflection words fail me, how on earth did a Board sign off on that …. They couldn't make it on 100 % of the revenue without a $50m government bailout. Now they think they can make it for the next 25 years with someone else running the show for 50% of the revenue. 1 1 Quote Link to comment Share on other sites More sharing options...
mardigras Posted May 5 Share Posted May 5 6 hours ago, Buller Rep said: Please explain to me how the NZ taxpayer currently contributes anything to the TAB either daily weekly, monthly or yearly. I admit that the Taxpayer/NZ Government bailed out the TAB incidentally caused by the idiots of their own appointments, John Allen etc. I would have thought that the TAB and/or Racing Industry was a huge contributor in reverse, Duty, GST, Tax on wages via Stable Staff, Race-day people, Tote staff etc. This post should be put up as post of the year, as to why the racing industry has managed to get away with receiving such massive government funding for so long. People in the industry don't understand what is going on, how would those outside the industry ever become aware. If only the layman knew. 1 1 Quote Link to comment Share on other sites More sharing options...
Buller Rep Posted May 5 Share Posted May 5 4 hours ago, curious said: If racing people are that stupid that they need to even ask the question, then they deserve what they are getting. I give up. Mark Twain comes to mind. Never argue with stupid people, they will drag you down to their level and beat you with experience. That's exactly what I was thinking, and I am not alone based on the private messages I get! Quote Link to comment Share on other sites More sharing options...
mardigras Posted May 5 Share Posted May 5 25 minutes ago, Buller Rep said: That's exactly what I was thinking, and I am not alone based on the private messages I get! Probably why they are private messages. 1 1 Quote Link to comment Share on other sites More sharing options...
Turny Posted May 5 Share Posted May 5 4 hours ago, curious said: They couldn't make it on 100 % of the revenue without a $50m government bailout. Now they think they can make it for the next 25 years with someone else running the show for 50% of the revenue. Exactly my point 1 Quote Link to comment Share on other sites More sharing options...
curious Posted May 5 Share Posted May 5 7 hours ago, Buller Rep said: I would have thought that the TAB and/or Racing Industry was a huge contributor in reverse, Duty, GST, Tax on wages via Stable Staff, Race-day people, Tote staff etc. What do you mean by a contributor in reverse? The things you mention, there is no duty and those people would be paying tax on wages even if they were redeployed to a constructive and competitive sector of the economy. 3 Quote Link to comment Share on other sites More sharing options...
Freda Posted May 6 Share Posted May 6 As well as income tax and gaming duty forgiven, our competitors also must pay for their betting licences. Not here. At the beginning of the Covid thing, I ran into our 2 I.C, wandering around with his clipboard working out which stables were keeping horses in, and which had arranged to send them out to spell. How long can we expect this to last? I asked him. Oh, only a few weeks, was his reply. The Govt won't want to miss out on all the tax they get from racing. We weren't actually arguing, but there wasn't really any point in continuing with that conversation. 1 Quote Link to comment Share on other sites More sharing options...
curious Posted May 9 Share Posted May 9 (edited) On 5/5/2024 at 6:53 PM, mardigras said: This post should be put up as post of the year, as to why the racing industry has managed to get away with receiving such massive government funding for so long. People in the industry don't understand what is going on, how would those outside the industry ever become aware. If only the layman knew. I've often wondered what would happen if the average layman/taxpayer knew that say $50m a year company income tax exemption was granted to the racing industry which no other company nor non-profit has. I suspect many would think that it might be better spent on essential services like police, health care and education, and the scary thing is, that it could be wiped out with the stroke of a politicians's pen. Edited May 9 by curious 1 1 Quote Link to comment Share on other sites More sharing options...
mardigras Posted May 9 Share Posted May 9 2 hours ago, curious said: I've often wondered what would happen if the average layman/taxpayer knew that say $50m a year company income tax exemption was granted to the racing industry which no other company nor non-profit has. I suspect many would think that it might be better spent on essential services like police, health care and education, and the scary thing is, that it could be wiped out with the stroke of a politicians's pen. The lack of understanding around exactly what is involved to change all this astounds me. And the largess provided to the racing industry would make many cringe. Quote Link to comment Share on other sites More sharing options...
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