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Betfair Demands Tax Reduction to Extend Tasmania Stay

22nd February 2010 9:00 am GMT

With its current five-year licence in Tasmania set to expire next year, Betfair Australia has signed an in-principle agreement with the Tasmanian government to keep its operations in the country for a further ten years, subject to various conditions including legislation being passed by the new parliament to reduce the tax on betting exchanges to 5% of gross revenue, instead of a tax based on turnover.

Betfair Australia commenced operations at its Hobart headquarters in February [...]

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