What does Government gain because of bookies operating. After all the half tax arrangement still exists. The bookies pocket the tax. So what is the equation. If the tax is reduced to 10% then government will stand to gain a fortune. The bookies can issue cards. Punters will be happy. Business will thrive. I know I am only repeating what all have said. But this is true. All white money back in circulation. Govt are you listening.
3 Replies
Transparency said ...
02-Sep-2017
lolz as what was the Govt getting from Bookies Earlier ????? Mumbai Top Bookie per Season Collection 65 lacs and Pune 35 lacs ?????? Kya Indian Public ko bewaqoof samaj rahe hai Few Free blogs Writer ??? Lolz as Two twin bro Mr Manish akka Raghvan r best to explain the Aesop fable story .lolz as Enough Caution given but then when Money and Power goes to Head the guys think other as cheap aur khud ko Saatve Aasman pe ????.lolz
Venu said ...
02-Sep-2017
The owners will have to play a big bet in order to get return on his investment. How and where will he play? It is obvious that he will not play it in the tote as he will get no profits. He will obviously play it with illegal bookie at half tax. So Govt gets ZERO tax in this transaction.
If the Taxes are reduced to 10 %. You just cannot imagine how much the Govt will be benefited. It is foolishness on the part of the Govt to lose this opportunity.
How come the Finance Minister not understand this simple mathematics. You dont need a Harvard's University brain to understand this. Or is it that the PM and FM wants to do away with the evil's of horse racing.
Transparency said ...
02-Sep-2017
Day Dreaming ? when the tax r Zero (RWITC) Big bettors bets on Fix odds Tote as proved yesterday in case of Lord Buckingham (8 time it showed SUSP as Punters were betting heavily on the Almighty for Win.lolz as only Intellectual could understand the published clue elsewhere and the Fools remain the same