We have had a small, boutique, but extremely well proportioned debate, after many hours on the Finance Bill. I look forward to many more such debates over the next couple of months, as we vacate the Floor of the House and move upstairs.
Despite some of the comments in the debate, it is wise at this juncture to acknowledge that the effective tax rate for bingo has gone down from what was acknowledged by the Bingo Association in its Budget submission to be 24 to 25 per cent. In a press notice last November, Stewart Hosie said that the effective tax rate was 28.2 per cent. Whatever our feelings, it is reasonable for all of us to acknowledge that the effective tax rate has gone down from between 24 and 25 per cent. to 22 per cent., which some have welcomed.
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