Victoria golf equipment give extra money to themselves in guise of ‘neighborhood advantages’ for tax breaks

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Newest disclosures embrace golf equipment who declare thousands and thousands spent on their very own golf and racecourses as donations to broader communityGet our breaking information e-mail, free app or each day information podcastPoker machine venues in Victoria have considerably elevated the quantity of playing income they’re spending on themselves, whereas justifying it as a “neighborhood profit” to get a tax minimize.Victoria’s neighborhood profit scheme gives a tax minimize to golf equipment that reinvest 8.33% of playing income again into the neighborhood. However these golf equipment are in a position to checklist upgrades to their very own golf programs, renovations and working prices – which assist hold playing rooms open – as neighborhood advantages.Join Guardian Australia’s breaking information e-mail Proceed studying…

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Source link : https://www.theguardian.com/australia-news/2024/dec/02/victoria-clubs-give-more-money-to-themselves-in-guise-of-community-benefits-for-tax-breaks

Creator : Henry Belot and Benita Kolovos

Publish date : 2024-12-01 23:00:00

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