Sport
Millions saved: Australian federal budget measure saves Warriors, Wellington Phoenix from huge tax headache – Stuff.co.nz
The Australian federal budget this week includes a rule that will save the Warriors and the Wellington Phoenix millions of dollars in tax compensation.
The Warriors have been saved from having to pay out $5.5 million in taxes thanks to the latest Australian federal budget.
Because the clubs players and staff have been based in Australia for longer than an 183-day threshold, they became liable to pay tax in that country at the highest rate.
Legally, players and staff would then have been able to claim that money back from the Warriors, which would have not only had a huge impact on the clubs finances, but would also get the club into salary cap…
-
Business14 hours agoGold price alert! Macquarie reveals its top ASX 200 gold stock as the metal hits all-time high
-
Noosa News21 hours agoJazz sellout at The J
-
General20 hours agoAnne-Marie Te Whiu on new book of poetry, Mettle, and why she dedicated it to her younger self
-
General22 hours agoHi-tech search for accused cop-killer hits second week