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New Zealand Racing Industry Gets Tax Break

NEW ZEALAND – As reported by the Radio New Zealand: "The racing industry is to receive a $30 million package of tax-breaks. Details were announced today at the conclusion of Auckland's Racing Carnival Week.

"A key change will see the duty on gambling profits cut from 17.9% to 4%.

"Racing Minister, Winston Peters, says that means gaming duty for the racing industry will be aligned with that of casinos and provide the industry with a level playing field…"

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