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130 Hotels Escape Aussie Pokies Super Tax31 July 2002AUSTRALIA – As reported by (Australian) Advertiser: ``Treasurer Kevin Foley has agreed to a compromise with the hotel industry which will free 130 hotels from the poker machine super tax introduced in the State Budget this month. ``Foley, under pressure from the industry, yesterday granted the tax break to poker machine venues which earn profits between $1.5 million and $3.5 million a year. ``The decision is based on increased poker machine revenue growth and will not affect the Budget bottom line, the Treasurer claimed. ``But he also introduced a new levy on the sale of poker-machine venues, which will raise about $5 million a year. ``…The hotel industry said the cuts did not go far enough but would provide `some relief for hotels in the middle bracket'…" |