Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Offshore betting in Labour’s sights

Ross Robertson
Racing Spokesperson

14 August 2014

Offshore betting in Labour’s sights

A Labour Government will clamp down on offshore gambling websites that deprive the local racing industry of funds, Labour’s Racing spokesperson Ross Robertson says.

Releasing Labour’s racing policy today, he said betting on offshore websites is a major threat to New Zealand’s racing industry.

“It is estimated around $300-$400 million of Kiwi money is placed on overseas sports betting sites that aren’t subject to levies or tax. That not only cuts the TAB’s odds but also starves this country’s racing industry of funds.

“Other countries, including the UK, are implementing legislation that makes clear that a bet placed on a local website should be subject to that jurisdiction’s tax rules.

“A Labour Government will do the same to ensure New Zealand Racing and the TAB are not disadvantaged by overseas bookies and agencies, a move that is expected to increase the Government tax take by around $20 million a year.

“Labour will bring together industry stakeholders, including social service providers, to review wider gambling regulation and develop policy on the use of pokie machines.

“We will also assist in establishing a Code of Practice for the racing industry, which will be agreed on and drawn up by all major stakeholders. It will safeguard the position of the NZ Racing Board to hold the exclusive rights to racing and sports betting in this country and for the net proceeds to be returned to support New Zealand racing.

“While the racing industry makes a significant contribution to New Zealand’s GDP and creates employment and export opportunities, it does face difficulties in remaining sustainable into the future.

“Labour recognises that and will work alongside the sector to support its revitalisation,” Ross Robertson said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news