Crown Resorts has avoided paying the Victorian government almost $200 million in gambling tax over the past seven years |
Crown Resorts has avoided paying the Victorian government almost $200 million over the past seven years by classifying marketing costs such as free parking as “winnings” paid out from poker machines when calculating its gambling tax bill.
Compiled in a spreadsheet entitled “potential gaming tax underpayments”, the total came to $167 million. However, Mr Walsh said the total could be closer to $200 million if the past two years were included. Counsel assisting the inquiry, Geoffrey Kozminsky, said that Crown Melbourne is supposed to pay Victoria gambling tax based on “gross gambling revenue” - which is the total sum of money received through gambling, minus whatever it pays out as winnings.
“The definition of winnings, I think, is where the ambiguity is,” Mr Mackay responded. “But they are not from a gaming machine event.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crown may have shortchanged Victoria $167m in pokies taxVictoria’s royal commission into crownmelbourne heard it potentially underpaid $167 million in taxes by deducting the cost of running its loyalty scheme from poker machine tax payments
Read more »
Investigation launched into Crown Perth over potential money laundering breachesCrown Resorts says its Perth casino is being investigated by the Federal Government&x27;s financial intelligence agency, AUSTRAC, over potentially serious breaches of anti-money laundering laws.
Read more »
Crown faces widening money laundering investigationThe financial crimes watchdog has widened its investigation into casino giant Crown Resorts after uncovering potential breaches of anti-money laundering laws at its Perth resorts | pwhatch
Read more »
The man who couldn't wait to be king finally has his crown. Will he live up to expectations?Since Chris Minns entered politics, some have referred to him as Simba — the young restless cub from the Lion King who can't wait to be king. Now that he's achieved his goal, he carries the weight of expectation as NSW Labor’s best chance at the 2023 election.
Read more »
Crown may have shortchanged Victoria $167m in pokies taxVictoria’s royal commission into crownmelbourne heard it potentially underpaid $167 million in taxes by deducting the cost of running its loyalty scheme from poker machine tax payments
Read more »
Sports card of NFL great sells for almost $4 millionRecord-breaking auction sales: A sports card featuring NFL all-star Tom Brady has sold at auction for almost $4 million. 9News
Read more »