Centrebet Gets A$91 Million In Tax Dispute

Sportsbetting firm Centrebet has won a settlement from the Australian Taxation Office worth around A$91 million, a report in the Sydney Herald claims.

Centrebet, filed the action in court before it was acquired by Sportingbet PLC. The company claimed that it and taxation authorities in Australia were enbroiled in a "global GST dispute". This dispute arose from the fact that Centrebet was taxed on money wagered less winnings paid out, while not including prize payouts to offshore customers.

The agreement was filed by the Commissioner of Taxation and signed on December 20th, 2011 by Justice Jayne Jagot.

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