Tabcorp Appeals A State Tax Collecting

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January 12, 2022
1 minute

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Tabcorp stated that it concerns the tax on taxes incurred by tatts group, which she acquired in december 2017, for monitoring slot machines in the new south wales.

In its financial report, published in june 2020, tabcorp disclosed a conditional obligation in relation to 62 million australian dollars (us $ 45.9 million) after paying taxes.

However, the changed assessment of australia’s tax administration was 71 million australian dollars (us $ 52.7 million), including 9 million penalties. These costs will be reflected as an article of expenses based on the results of the first half of the tabcorp for 2021 fiscal year.

Tabcorp stated that it will appeal to this amount, as the deductions are permissible. The operator added that this decision was made after consultation with an independent third party.

The ad appeared after the tabcorp was previously ordered to pay more than $ 30,000 in the form of fines and expenses, since the company itself recognized the violation of advertising rules in the new south wales.

Source: official release tabcorp

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