Tabcorp Resolves Victoria Tax Issue

Better result for Aussie gambling group

Tabcorp Holdings Limited has announced that it has resolved with the Australian Taxation Office the tax treatment of the $597.2 million it paid to the State of Victoria in 1994 in relation to the wagering and gaming licences granted at that time.
The agreed tax treatment provides Tabcorp with an allowable deduction of A$429.6 million, with the balance generating a capital loss of A$167.6 million.
Tabcorp will recognise an income tax benefit of A$128.9 million in its financial statements for the year ending as a result of the agreement.

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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