READER REPORT: Racing industry should pay its fair share of tax AARON CROSSIAIN MCGREGOR/FAIRFAX NZ "As we watch our retirements and chances of home ownership slip away, NZ is funding a cruel and pointless industry." As an animal welfare advocate I've had my eye on the greyhound racing industry for quite some time. From top to bottom the racing industry is tax-exempt:* The New Zealand Racing Board* New Zealand Thoroughbred Racing* Harness Racing New Zealand* The New Zealand Greyhound Racing Association (Incorporated)About 150 racing clubs enjoy tax-exempt status. Surely a fairer tax contribution from the racing industry would be useful when budgeting along with everyone else's taxes? Or do you think the racing industry and its beneficiaries deserve a free pass on paying tax?

Source: Stuff March 09, 2017 04:30 UTC