Crown Resorts Slapped with $14M Fine for Tax Obligation Breach

The fine comes as a result of the company's breach of tax obligations and improper claiming of tax deductions.

Crown Resorts, one of Australia’s leading casino operators, has been hit with a substantial fine of AUD20 million ($13.8 million) by the Victorian Gambling and Casino Control Commission (VGCCC). The issue was initially uncovered during the 2021 Royal Commission probe into Crown Melbourne, which revealed that Crown had disguised promotional costs as winnings in order to claim tax deductions.

The VGCCC discovered the tax failings among the extensive documents disclosed by Crown during the Royal Commission probe, reported The Sydney Morning Herald. The commission also found that Crown had deliberately concealed the nature of these deductions.

 

[GamblingBoy]

Enough of this Crown Resorts!. In fact the license of operation of the casino should be either withdrawn or suspended. Or alternatively, the management should be replaced. This corruptional attitudes is portraying the firm in a bad image. No prospective investors would like to have any dealing with the firm again.