Catoggio76
All Australian
- Sep 21, 2017
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https://www.smh.com.au/politics/fed...slam-afl-s-tax-free-rort-20180304-p4z2rx.html
'Open to abuse': Experts slam AFL's tax-free 'rort'
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The AFL and NRL are earning hundreds of millions of dollars in revenue and not paying a cent in tax while calling on taxpayers to stump up billions to build new stadiums.
Concessions have led to operating surpluses increasing: in the AFL by 63 per cent to $330 million over the decade to 2016; in the NRL they have doubled to reach $133 million over the same period.
Experts have labelled the tax-free concessions of the country’s two richest leagues and their clubs “a rort that is open to abuse” and have called on them to follow the National Football League in the US and give up their tax-free status.
Chief economist at the Australia Institute Richard Denniss said it was time for both the NRL and AFL to cough up and help pay for infrastructure.
https://www.smh.com.au/politics/fed...slam-afl-s-tax-free-rort-20180304-p4z2rx.html
'Open to abuse': Experts slam AFL's tax-free 'rort'
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The AFL and NRL are earning hundreds of millions of dollars in revenue and not paying a cent in tax while calling on taxpayers to stump up billions to build new stadiums.
Concessions have led to operating surpluses increasing: in the AFL by 63 per cent to $330 million over the decade to 2016; in the NRL they have doubled to reach $133 million over the same period.
Experts have labelled the tax-free concessions of the country’s two richest leagues and their clubs “a rort that is open to abuse” and have called on them to follow the National Football League in the US and give up their tax-free status.
Chief economist at the Australia Institute Richard Denniss said it was time for both the NRL and AFL to cough up and help pay for infrastructure.