Freda Posted April 28, 2020 Share Posted April 28, 2020 (edited) There is a huge misunderstanding about taxation paid by racing to the NZ govt. So, where does this notion come from ? Did racing EVER pay large amounts to the Govt of the day? I recall, way back when Dad was a committee member of the Canterbury Park Trotting Club, in the days before it merged with the New Brighton Trotting Club to become the Metropolitan Trotting Club. I must have been around 13 or 14, I guess, and we were talking about taxes generally. In those days, racing paid a turnover tax of 20% [ he said ] which was not the same as taxation on profit. I pondered about that for a bit, and announced that that was really unfair. Dad then told me that racing paid no income tax. I decided that , after all, it wasn't so unfair after all. So the billions that people think were dragged out of racing must have happened before that? Edited April 28, 2020 by Freda sp Quote Link to comment Share on other sites More sharing options...
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