Tag: gross profits

Betfair implement new turnover charge

News from Australia this morning that Betfair are to implement a turnover charge on customers, full details: –

https://betfair.com.au/turnovercharge/

In case you were not aware, a high court ruling this year in Australia has switched the law from a gross profits tax to a turnover based revenue fee for racing. This doesn’t affect the well established and politically well oiledl, but slightly ancient and backward thinking, incumbents in Australia; but does have a significant impact on the new entrants like …