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Bit Of A Yarn

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Posted
46 minutes ago, Chief Stipe said:

But that isn't a tax.  It is a duty which was paid at 4% of profits.  Certainly not a company tax rate!

How ridiculous of course it was a tax.  Duty is a tax like a car is a vehicle.

Posted
4 minutes ago, Shab said:

How ridiculous of course it was a tax.  Duty is a tax like a car is a vehicle.

It is a fix duty (type of tax).  The point I was making was the TAB never paid company tax on its profits.  Compare that with Sky City Casino which pays a minimum of 18% GST and gaming duty BEFORE tax on company profits.

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