Venues owned by four clubs legally claimed a total of $8.6m in operating costs under Victorian scheme
Carlton, Essendon, Richmond and St Kilda legally claimed a tax break under a Victorian scheme for venues that spend 8.33% of gambling profits on community causes.Carlton, Essendon, Richmond and St Kilda legally claimed a tax break under a Victorian scheme for venues that spend 8.33% of gambling profits on community causes.
According to financial statements, some spent nothing on “philanthropic or benevolent” causes. In most cases, the amount of money spent on themselves was significantly larger than grants or contributions to external community programs.The scheme, which provides a tax break to venues that spend 8.
“The financial stability and independence of the club is paramount, and we won’t compromise that by making a rushed short-term decision,” the spokesperson said.
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