Lawmakers in the Australian state of Queensland have unveiled plans to increase the wagering point of consumption tax (POCT) to 20 per cent alongside other regulatory amendments that are designed to create a new sustainable funding model for the racing industry.
The proposal by the Queensland government will see the wagering POCT climb to 20 per cent through the introduction of a new 5 per cent racing levy, with the industry set to receive 80 per [...]
