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  1. Club beats tax drum at Asian forum

    Posted Nov 12th 2008, 12:00am by Murray Bell

    ... Murray Bell in Tokyo Engelbrecht-Bresges urges delegates to connect with governments over commingling The failure of the government to come to grips with a simple taxation issue ... the opening session of the 32nd Asian Racing Conference in Tokyo: 'With commingling, I'm afraid, while we still have double taxation it is simply not commercially viable.' The concept ...

  2. Rivals making huge strides as HK lags behind global pool

    Posted Nov 14th 2008, 12:00am by Murray Bell

    ... for them', and 'removal of double taxation is a must in order to make commingling viable.' On November 21, New Zealand's commingling will move into a new realm with the commencement ... into more than 80 casinos in Las Vegas- and for their bets to be commingled into the Hong Kong pools- fell over at the 11th hour when government refused to budge on the double taxation issue. ...

  3. Give us a break, says Jockey Club

    Posted Sep 10th 2008, 12:00am by Murray Bell

    ... Murray Bell The Jockey Club could double its HK$1 billion annual donation to the community if the government removed stifling business restrictions and softened a brutal taxation rate, ... year could be significantly bigger.' The change in taxation framework two years ago, from turnover-based to a profits tax, has been a big winner for the government. 'The government ...

  4. Club retains hope on overseas bets

    Posted Jul 05th 2008, 12:00am by Murray Bell

    ... that with this new spirit of respect and co-operation, which is really bearing fruit, we can be given another chance to explain our position on commingling, and avoid the double taxation of bets which ... better if we could pursue our international agenda, but we have to get rid of this double taxation.' In his review of the season just completed, Nader said he still found it 'quite ...

  5. Ironically, Wong has more clout abroad than on home front

    Posted Oct 15th 2003, 12:00am by Murray Bell

    ... it can introduce wagering taxation increases - as it did earlier this year - without consulting the Jockey Club. Hong Kong racing has been sculpted and refined under commendable stewardship from chairman Ronald Arculli and CEO Wong - as well as those who preceded them - generating $1 billion per year in charity contributions as well as 11.6 per cent of total government taxation revenue. ...

  6. Asian tracks hit by stifling tax policies

    Posted May 25th 2005, 12:00am by Murray Bell

    ... who will soon vote on a package of reforms, already recommended by the Home Affairs panel, which will see long-overdue changes to wagering taxation. It has been a stormy passage for Jockey ... by unrealistic taxation of its wagering product? In Korea, they think the illegals now have 40 per cent of the market. The 'surprise' is that it's only 40 per cent, because the legal 28 ...

  7. Anti-gambling lobby missing the point

    Posted Sep 10th 2003, 12:00am by Murray Bell

    ... offers 10-15 per cent discounts. The anti-gambling lobby claim that lowering wagering taxation will only promote gambling, but the reality is it will make no different to small players. ... Club's own estimates, is as big as its own - that's $71.4 billion a year. Remembering that racing accounts for 11.6 per cent of total government taxation revenue, apart from its $1 billion ...

  8. Finally SAR joins reform bandwagon

    Posted Mar 15th 2006, 12:00am by Murray Bell

    ... leaders. Australia, of course, had its reforms to racing taxation much earlier but made a bad mistake by not giving any of their hard-won gains back to the horseplayers to help grow the business. ...

  9. Racing reform under starter's orders

    Posted May 12th 2005, 12:00am by Murray Bell

    ... time for the industry, which had been seeking to replace taxation on turnover with a profits tax, as well as gaining a review of legislation that has limited its ability to conduct business. ...

  10. Jockey Club fighting for common sense in debate over game's future

    Posted Apr 29th 2009, 12:00am by Murray Bell

    ... The 'tax refinements' on commingling is a polite tag for a cure to a government policy that is too ridiculous to describe. At present, the government insists on full taxation on bets sourced ...




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