Tabcorp announces plans to appeal AU$71m tax bill

Tabcorp has announced its intentions to appeal against an AU$71m ($52.5m) tax bill incurred by Tatts Group in 2016. The Australian operator stated that it received an amended tax assessment relating to licence fees run up by Tatts Group, which it acquired in December 2017, for the monitoring of gaming machines in New South Wales (NSW), dated for the 2016 taxation year. Tabcorp mentioned that it disclosed a contingent liability in the relation t...