In response to the significant increase in the new Democratic Party's proposal of 30%of the Hong Kong football betting tax, the Hong Kong Jockey Club (Jockey Club) responded that this proposal reflects the New Democratic Party's lack of understanding of the investment and business of the gaming market and the lack of investment and business of the Jockey Club, which will destroy the horse.The long -term successful business model destroys Hong Kong's world status as a top horse racing area, harms the public interests of Hong Kong, and causes irreparable damage to Hong Kong.
Comprehensive Sing Tao Daily and the Internet media "Hong Kong 01" reported that the New Democratic Party would submit opinions on Thursday (January 26) to meet with the financial budget of the Financial Secretary of Finance next month, including the football betting taxFrom the current amount of 50%, it raised 30 percentage points to 80%.
Ye Liu Shuyi, chairman of the New Democratic Party, said that the total number of football betting in the past 10 years has risen three times more horse racing, which has brought amazing income to the Jockey Club, which indirectly has increased the income of the Jockey Club Charity Trust Fund, increasing football gaming taxIt is expected to bring HK $ 5.9 billion (the same below, about S $ 988 million) in the Hong Kong Government each year.
The Jockey Club issued a press release late at night on Thursday. The increase in taxes will make the betters flow to illegal peripherals and overseas dealers, so that the taxes received by the Hong Kong government will not rise and fall, and the connection will affect the Jockey Club to the Charity Trust Fund to the Charity Trust FundThe appropriations make the donations of non -profit institutions and the reduction of support for disadvantaged communities.
Jockey Club said that the New Democratic Party proposes to increase football gaming tax. Theoretically, the tax paid by the Jockey Club to the government will increase from the current HK $ 25 billion to more than HK $ 31 billion.Before deducting operating costs, the operating income fell from HK $ 15 billion to HK $ 6 billion to HK $ 9 billion, a sharp decrease of 40%, resulting in the disappearance of the surplus, and even more likely to cause losses.contribute.
Jockey Club said that Hong Kong's gaming tax rate is the highest in the world, ranging from 15%to 65%higher than other operators. Although it is the only legal gaming operating institution, it is actually facing Macau and illegal peripherals.The dealer's fierce competition, and these dealers are not regulated, can attract business with better odds and more betting products, greatly increasing football gaming taxes, will completely weaken the competitiveness of the Jockey Club, and destroy the Malaysian Association's trip.The long -term successful business model.
Jockey Club said that in order to maintain competitiveness and incorporate Hong Kong's injection into legal channels, the Jockey Club has recently invested 5 billion Hong Kong dollars at the advanced information technology system, and in the next five years, it will further invest 7 billion Hong Kong dollars.In the information technology system, application and construction, as well as the horses and customer facilities in the racecourse in Hong Kong and the Greater Bay Area in Hong Kong and the Greater Bay Area.Increasing football gaming tax will make the Malaysian Club's ability to invest in sustainable business, and it also makes Malaysia unable to promote world -class horse racing products by increasing the prize bonus, as well as key projects such as customer facilities, information technology such as racecourseWorld status in the top horse racing area.
The Jockey Club mentioned that the Jockey Club Charity Trust Fund has always adhered to the responsibility and the use of comprehensive financial investment strategy management every year from the Jockey Club donation, and is committed to building a better society.During the year to 2021/22, the donation of the Charity Trust Fund increased significantly from HK $ 1.7 billion to HK $ 6.6 billion, an increase of 288%. In the future, the Charity Trust Foundation continued to find oversized projects other than conventional donations to donate.
The Jockey Club finally reiterated that it is different from most charitable organizations in the world. The Hong Kong Jockey Club Charity Trust Fund does not have a considerable reserve or donation fund as a source of most donations.The ability to affect the donation of non -profit institutions, the ability to fill charitable and social services, and support the vulnerable communities will also affect the construction of important facilities in Hong Kong, such as the Hong Kong Palace Museum, the Chinese University of Hong Kong, and the University of Science and Technology of Hong Kong.Donations on campus and other.
