Punters' Club, a group of mathematical geniuses, makes a reported $50 million profit from $2 billion worth of bets placed annually, the Herald Sun reported.
The secretive group consists of 19
The success of the Punters' Club has come to the attention of the Australian Tax Office, which claims the professional nature of the group means the usual rule that gambling winnings are tax-exempt does in fact not apply.
It says the club is liable for $900 million in unpaid taxes. Three Punters' Club members insist they have nothing to hide.
(China.org.cn July 10, 2012)
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