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New Zealand introduces bill to tax offshore betting

2nd August 2017 7:56 am GMT

The government of New Zealand unveiled legislation Tuesday to amend the country's Racing Act, introducing betting information usage fees and a point of consumption tax on racing and sporting bets.

The Racing Amendment Bill reflects the recommendations of the Offshore Racing and Sports Betting Working Group, which was established in 2015 to review the impact of offshore gambling.

The proposed amendments would subject offshore betting operators to usage fees and point of consumption tax when their annual [...]

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