Taxes Paid In The 2016 Financial Year
The Star Entertainment Group is a leading owner and operator of integrated resorts in Australia paying a considerable amount in taxes in Australia, both at a state and federal level. Broadly, taxes paid can be split into two categories, those borne by The Star Entertainment Group on its own behalf which contribute to public finances and those collected by The Star Entertainment Group and remitted to the government on behalf of employees or suppliers.
The table below shows the total of all taxes paid by The Star Entertainment Group in the financial year ending 30 June 2016 (FY2016) in Australia. The Star Entertainment Group’s activity in other countries is not material to its business (less than 1% of accounting profit). Foreign subsidiaries are either dormant or providing marketing services. The Star Entertainment Group’s strategic focus is on domestic growth rather than international expansion. The distribution of taxes paid reflects the geographical spread of The Star Entertainment Group’s businesses.
The effective rate of taxes paid borne by The Star Entertainment Group for the year ended 30 June 2016 is approximately 72% (being corporate and gaming taxes paid divided by accounting profit before these taxes).
Taxes Paid In FY2016 - Contributions
|
Contributions $m |
|
|||
Level of |
Corporate Income Tax |
Net Gaming taxes and duties |
Employer payroll taxes |
Other taxes |
Total tax payments borne |
Australian federal |
100.8 |
1.5 |
102.3 |
||
Queensland |
102.5 |
9.5 |
4.0 |
116.1 |
|
New South Wales |
255.9 |
17.2 |
6.7 |
279.7 |
|
Other states |
0.1 |
0.1 |
|||
Australian Total |
100.8 |
358.4 |
28.3 |
10.7 |
498.2 |