Australian Back Bencher Proposes New National Gambling Tax

Victoria state National party Senator Bridget McKenzie also wants to prohibit Aussies from gambling with offshore firms

The Guardian newspaper in Australia reports that Victoria state Senator Bridget McKenzie has proposed a new federal government national gambling tax and a ban on Aussie punters gambling with foreign operators who are unlicensed in the country.
Her proposal calls for an evenly applied, uniform federal tax of 0.05 percent on turnover in which all states and territories would share, and strict enforcement provisions that would include banking and other blocks on illegal operators.
The tax would be collected by licensed betting operators on all transactions relating to Australian events.
This week McKenzie called for the government's review of the Interactive Gambling Act (see previous InfoPowa reports) to consider her proposals as part of its study and recommendations.
Sen. McKenzie has also reminded prime minister Malcolm Turnbull that she flagged her plans for him whilst he was Communications Minister.
Voicing her concern that sports betting was the fastest growing market in Australia, yet faced minimal taxation, McKenzie opined to the Guardian: "In terms of wagering, the current legal framework doesn't provide the outcomes we need."
She told the newspaper that she has raised her proposal in a formal submission to the government's tax review committee, and will pursue the proposal in a speech when federal parliament resumes next week.
McKenzie has also proposed that a product levy be applied uniformly across all sports in order to raise money for sporting infrastructure and harm minimisation projects. The levy could be made a licensing condition for gaming operators, she suggested.
"A condition of an Australian wagering operating licence will be that any licensee has to ensure that their affiliates pay Australia the product levy on betting by all customers on all Australian sports," she said, claiming that her proposals address "…the exponential increase in online sports betting and recognise that the internet had made state-based regulatory regimes impractical."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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