Tasmanian Greens think Betfair is cheating on its taxes

Betfair-Tasmania-Green-TaxThe Green Party of the Australian state of Tasmania are calling out their government over a deal struck with Betfair that will see the betting exchange pay 75% less tax this year. “We should not be having taxation by negotiation in this state,” says a Green spokesman, clearly uninformed as to the way Betfair works. You can strike whatever deal you like, assuming you can find someone to accept your terms. In fact, that’s probably how most Betfair execs met their future spouses. Ba-dum! Read more.