‘Sneaky’ tax may see Aussie state raking $110M from online gambling

The government of Victoria, a state in southeast Australia, is gearing up to take a slice of the online gambling pie.

According to Australian media outlet Herald Sun, the Andrews government has slipped in a “radical proposed shake-up to gaming tax” to the Budget papers even though Victoria has agreed with Canberra and other treasurers not to touch on the “punters tax” issue until the national online gambling framework is examined.

The proposal, if passed, will see Victoria rake in AUD150 million (US$110.69 million) each year in tax grab from online gambling players, which would help the state “prop up its surplus,” according to the news outlet.

Victoria’s Budget papers noted that the government plans to develop a point of consumption tax (POCT) for bookmakers, which Shadow treasurer Michael O’Brien described as a “sneaky, new tax.”