Forum Archive Index - March 2003

["G Stolwyk" <stolwyk@wave.co.nz>]

Yes, it is important to supply the right information.

 

There is confusion on taxes on the other channel and I am starting to have a look at it.

 

I notice that $32.202 mill. "gaming taxes" have been paid last year: Annual Report, page 35. I would say that would be about 15%.

 

In addition, the overall tax rate in Australia is 30% while here it is 33%-page 43.

 

--------------------------------------------------------

There is an industry levy of $14 mill.. Most of this money was to be spent on education of drinkers but the Govt put in in the Consolidated fund instead:

 

SKC(4), page 6, date 6 March:

 

"It's all just gone into the general fund," said casino chief executive Arthur Pitcher, who estimated the country's casinos had contributed $84 million in total.

A spokeswoman for Internal Affairs Minister George Hawkins confirmed that the duties went into the Consolidated Fund and were not earmarked for problem gambling programmes

--------------------------------------- 

So much for the Government's hypocrisy.

 

 Summarizing the position, some $85 mill were spent on all taxes( SKC happened to earn $85 mill); $48 mill. was spent on Income tax and that would leave some $37 mill. spent on gaming tax and levies, I would say. (Ref.: Annual Report, backpocket)

 

Who said that SKC is not paying tax?

 

I am looking for some more details.

Much time has been spent discussing any gaming legislation re Casinos, however the number of gaming machines of NZ's casinos is only a small portion of all machines in NZ.

 

It is here where the Govt will spent some time: Is is losing too much revenue when clubs and every man and his dog operate and own these machines? 

 

I belief that the Govt will take action in the latter catagory and that any increase in tax is particularly relevant here.

 

Gerry