An Australian federal court has ruled that the amount of taxes the company must pay when bringing in VIP gamblers on junkets has been “excessive.”
Crown launched its legal challenge two years ago, disputing whether the cost of commissions and rebates it paid out for junket tours could be included in calculating their tax payment obligations.
Federal Court Justice Jennifer Davies ultimately agreed with Crown that the Australian Taxation Office’s assessments were calculated in an unfair manner, and that the company’s tax burden should be correspondingly reduced.
Crown was challenging the tax assessments for its Melbourne casino between 2010 and 2015, and for two separate periods between October 2007 and July 2012 for its Perth casino.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.