Bitcoin Forum

Economy => Gambling discussion => Topic started by: gilad215 on September 06, 2017, 02:58:41 PM



Title: Are the Big Gambling sites paying taxes?
Post by: gilad215 on September 06, 2017, 02:58:41 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Title: Re: Are the Big Gambling sites paying taxes?
Post by: bajing on September 06, 2017, 03:12:57 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.


It depends on where the casino operates if they operate in a country that allows gambling there will be rules for it. i mean they have to give their earnings report so they will be taxed from gov but for crypto currency gambling, honestly i still do not know if there is a rule to pay taxes or not. maybe is not because most of the countries that has been legalized bitcoin, not allow if bitcoin used for gambling or criminal act.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: romero121 on September 06, 2017, 03:27:19 PM
I don't think that gambling websites were paying taxes. Majority of the gambling websites tries to operate over the countries were there are much legal issues. With cryptocurrency functioning gambling websites everything happens online, so that can operate in some other country based on the legal requirements.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: milewilda on September 06, 2017, 03:58:54 PM
It actually depends since there are gambling site which are licensed and we are sure that they do comply all the legal documents on their country which is required to make such operation and i do believe they are paying tax too.I dont know on other gambling sites what are the system if they do follow this kind of obligation when it comes on operating a certain crypto gambling site.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: piloder on September 06, 2017, 04:21:17 PM
Most of the gambling platform establish an offshore office in countries like Curacao where it is quite easy to register an office by just paying few dollars from sites like this https://www.gaminglicensing.com/ and https://www.gbo-intl.com/

Also can't find mentioned of tax for casino operators here https://www.gamblingsites.org/laws/curacao/
Quote
The fees for a "master" gambling license in Curacao include a 60,000 ANG (or about $34,000) setup fee and then 10,000 ANG (about $5,600) per month for the first two years. After that, the operator can negotiate with the government of Curacao for fees going forward.

they only have to pay $5600 per month to operate.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: bamboylee on September 06, 2017, 04:42:49 PM
They should be if they want to run legally without hassles. But there are also lots of online gambling sites that are running illegally so those sites can be also tax evaders. Like in my country, there are lot of offices running online gambling but they do not have proper papers, etc. Sometimes they get raided, sometimes they get away with it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: gilad215 on September 06, 2017, 04:49:58 PM
They should be if they want to run legally without hassles. But there are also lots of online gambling sites that are running illegally so those sites can be also tax evaders. Like in my country, there are lot of offices running online gambling but they do not have proper papers, etc. Sometimes they get raided, sometimes they get away with it.

Interesting, can i ask which country are you from?
I don't see why they shouldn't get away with this since all the earnings are in bitcoins, unless they can detect the exchange they are using, or their personal information through the domain.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: roadbits on September 06, 2017, 05:33:25 PM
Most of the gambling platform establish an offshore office in countries like Curacao where it is quite easy to register an office by just paying few dollars from sites like this https://www.gaminglicensing.com/ and https://www.gbo-intl.com/

Also can't find mentioned of tax for casino operators here https://www.gamblingsites.org/laws/curacao/
Quote
The fees for a "master" gambling license in Curacao include a 60,000 ANG (or about $34,000) setup fee and then 10,000 ANG (about $5,600) per month for the first two years. After that, the operator can negotiate with the government of Curacao for fees going forward.

they only have to pay $5600 per month to operate.
Hoo is it then if we want to open a new online casino this the basic investment. But is there any other place that we can register with low price. In my country, if we want to register an online gambling site our governament will ask a big ram some amount, and the casino owners must pay more than 50% of their profit. Right now a real casino owner is registered one online gambling site and running. This is the first legal online gambling site in our country.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: mrcash02 on September 06, 2017, 06:12:30 PM
Usually registered casinos have to pay very expensive taxes to the country where they are hosted. If the casino isn't hosted anywhere some countries don't allow their citizens to use the services of those casinos. Other countries don't let their citizens even to gamble on casinos, doesn't matter is it's legal or not (on the internet). But most Crypto-Currency casinos are out of vigilance radars, so people can gamble normally.

The taxes bring safe for the casino, so there are advantages on it, otherwise casino owners wouldn't register their businesses officially.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: TravelMug on September 06, 2017, 10:24:03 PM
Most of the gambling platform establish an offshore office in countries like Curacao where it is quite easy to register an office by just paying few dollars from sites like this https://www.gaminglicensing.com/ and https://www.gbo-intl.com/

Also can't find mentioned of tax for casino operators here https://www.gamblingsites.org/laws/curacao/
Quote
The fees for a "master" gambling license in Curacao include a 60,000 ANG (or about $34,000) setup fee and then 10,000 ANG (about $5,600) per month for the first two years. After that, the operator can negotiate with the government of Curacao for fees going forward.

they only have to pay $5600 per month to operate.

I consider Curacao a safe haven for gambling casino's because they are very lenient in terms of putting one and get a gambling license there, I read that it will have to take 2 weeks only before obtaining one. They still charge tax though, but its only 2% of the total net profits so that is very low and highly favorable to a gambling casino site. So most of the gambling sites really pick Curacao as their base to operate.  That is why is easy to get a license from them as long as you have the money to pay upfront. Only negative impact though is that once the casino ran off, its really hard to track them because Curacao won't meddle on those kinds of affairs, they don't intervene. Maybe game-protect => https://bitcointalk.org/index.php?action=profile;u=87425 can shed some light as well.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: harizen on September 06, 2017, 10:38:15 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Yes especially when they are registered. No way they can operate freely without facing the terms of the said country where they operates. To become legitimate they need to comply with the rules and regulations since it's all about money.

Doesn't have an idea on the big crypto gambling sites today but big gambling sites here in my country (fiat gambling sites) are registered and can consider as legit business. So it's obvious they are paying taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Cherylstar86 on September 06, 2017, 11:01:13 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Yes especially when they are registered. No way they can operate freely without facing the terms of the said country where they operates. To become legitimate they need to comply with the rules and regulations since it's all about money.

Doesn't have an idea on the big crypto gambling sites today but big gambling sites here in my country (fiat gambling sites) are registered and can consider as legit business. So it's obvious they are paying taxes.

Same here in my country those big fiat gaming sites really paid bigger taxes are in order to sustain their businesses. Legitimate gambling should have complied the regulations of the law so that closure will not happen, and if ever it will be failed their operations considered illegal and punishable buy law.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Flor1982 on September 07, 2017, 03:25:10 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



I think if casinos are illegally operating they can avoided tax. Here in the philippines many illegal online gambling was raided mostly operated by chinese and koreans they hide their operations in high end subdivisions so that it would be hard to discover. If the online casinos are legally operating therefore govertment will impose necessary tax according to the national law of our amusement department.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: cjmoles on September 07, 2017, 04:56:14 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



They may, or may not, be paying some, all, or none of the taxes they might be required to pay in their native jurisdictions; however, many sites open their businesses in offshore jurisdictions and pay their local governors a stipend, or donate to the communities, which can be unofficially classified as a taxes---> they do this for protection and/or to avoid gambling restrictions in their own native countries.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Aamir1 on September 07, 2017, 06:37:43 AM
If a gambling site is totally crypto-related and does not accept any other currency for gambling then i dont think they will need to pay any taxes for it, as there will be no third party involved in deposits or withdrawals. But if there are casinos accepting other currencies beside crypto currencies then i guess they will have to do all these things as there may be deposits and withdrawals involving banks or third parties.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: shintosai on September 07, 2017, 07:24:15 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



I think if casinos are illegally operating they can avoided tax. Here in the philippines many illegal online gambling was raided mostly operated by chinese and koreans they hide their operations in high end subdivisions so that it would be hard to discover. If the online casinos are legally operating therefore govertment will impose necessary tax according to the national law of our amusement department.
and that's also the reason why president duterte chase those egames ending up being closed as the president might have some insight that those
company who's operating inside his jurisdiction is not paying taxes, they needed to impose certain amount being payed for them to continue their
business.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: michkima on September 07, 2017, 08:27:39 AM
I think 90% of them don't pay taxes. I haven't seen a gambling site disclose their financial statements and they aren't expecting anyone will care anyway. The only time they will show it probably when someone demanded with authority that they show their finances and do an audit of their site. But generally I don't think anyone will care about it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: kodes88 on September 07, 2017, 09:13:11 AM
I do not even know if gambling sites should pay taxes. Maybe it depends on where the site is built and operated. If gambling is legal and must pay taxes, then do not get tax free because it could be the government to close the site because it is a loss for the state. If in a country that prohibits gambling, then it must be tax free because the site should not exist.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: boyptc on September 07, 2017, 09:21:19 AM
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

Just like exchange, I guess they have to if they are operating as a corporation/business and they are registered locally.

What is the legal approach here?

I'm not a lawyer nor law expert but this type of thing is up to the gambling site, if someone working from a legitimate online casino can share his thought about it, then we'll know.

Is opening a company more profitable?

It takes a lot of time and trials to be at that state of "more" profitable. If you are up to challenge with the competition, you won't know if you won't try.

since paying company tax is usually lower than personal tax?

Taxes from companies are even bigger.



Title: Re: Are the Big Gambling sites paying taxes?
Post by: Barcode_ on September 07, 2017, 09:51:15 AM
I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Cereberus on September 07, 2017, 10:42:54 AM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: gilad215 on September 07, 2017, 07:30:30 PM
Most of the gambling platform establish an offshore office in countries like Curacao where it is quite easy to register an office by just paying few dollars from sites like this https://www.gaminglicensing.com/ and https://www.gbo-intl.com/

Also can't find mentioned of tax for casino operators here https://www.gamblingsites.org/laws/curacao/
Quote
The fees for a "master" gambling license in Curacao include a 60,000 ANG (or about $34,000) setup fee and then 10,000 ANG (about $5,600) per month for the first two years. After that, the operator can negotiate with the government of Curacao for fees going forward.

they only have to pay $5600 per month to operate.

$34,000 is expensive for setup ,at least for young entrepreneurs. i prefer paying more earnings.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: RealPhotoshoper on September 07, 2017, 08:09:12 PM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
They could simply report their business to get taxed or hide it forever in bitcoin.
Depends on how good people will to help their government grow together through the tax rules.
It sucks indeed to give your hardwork for free to the greedy government , it is up to the operator now.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: iluvbitcoins on September 07, 2017, 08:12:44 PM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
They could simply report their business to get taxed or hide it forever in bitcoin.
Depends on how good people will to help their government grow together through the tax rules.
It sucks indeed to give your hardwork for free to the greedy government , it is up to the operator now.

With time as bitcoin goes mainstream, you won't have to report anything
You'll be free to use your bitcoins to buy whatever the hell you want anywhere
Why would you have the need to exchange your bitcoins for fiat?
I believe most of the crypto casinos either operate in tax havens or aren't registered at all
I find this to be a good thing


Title: Re: Are the Big Gambling sites paying taxes?
Post by: el kaka22 on September 08, 2017, 06:59:09 AM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
If we talk about land base casinos, then I doubt no business can run without paying tax to government. If we talk about online casinos or gambling sites then again they would be using internet and electricity, sort of all setup needed, somewhere involving the governments again. Obviously, we all are ultimately paying taxes, no matter where and what we do. It may be direct or indirect taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: sana54210 on September 08, 2017, 07:04:03 AM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
If we talk about land base casinos, then I doubt no business can run without paying tax to government. If we talk about online casinos or gambling sites then again they would be using internet and electricity, sort of all setup needed, somewhere involving the governments again. Obviously, we all are ultimately paying taxes, no matter where and what we do. It may be direct or indirect taxes.
Taxation differs country to country and in most of the countries businesses must pay "actual" taxes rather than what you mean by indirect taxes. But as long as a gambling site is just sticking with cryptos and not at all dealing with any fiats and not concerning about any physical governing offices then they will never need to worry about paying taxes.

All online gambling business which are based on ONLY crytpo must be business must be enjoying these kind of advantages.  When crypto support a business an independent business model, we never need to worry about paying taxes afasik.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on September 08, 2017, 09:36:47 AM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
If we talk about land base casinos, then I doubt no business can run without paying tax to government. If we talk about online casinos or gambling sites then again they would be using internet and electricity, sort of all setup needed, somewhere involving the governments again. Obviously, we all are ultimately paying taxes, no matter where and what we do. It may be direct or indirect taxes.

Online Casinos are also paying taxes same as Land Base casino, They are paying license and tax on the country that they declare to establish. Most offline casino choose Curaçao as a location because that country are not well strict regarding online gambling.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: iluvbitcoins on September 08, 2017, 09:47:03 AM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
If we talk about land base casinos, then I doubt no business can run without paying tax to government. If we talk about online casinos or gambling sites then again they would be using internet and electricity, sort of all setup needed, somewhere involving the governments again. Obviously, we all are ultimately paying taxes, no matter where and what we do. It may be direct or indirect taxes.

Online Casinos are also paying taxes same as Land Base casino, They are paying license and tax on the country that they declare to establish. Most offline casino choose Curaçao as a location because that country are not well strict regarding online gambling.

You're forgetting about the freedoms provided to us by cryptocurrency, there is no need to register for a license and a tax to some extent with crypto.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: FrueGreads on September 08, 2017, 09:59:25 AM
I don't really know. I mean, if a casino is operating with fiat, then it has to be regulated, otherwise they will be closed. There aren't many online bookies in my country right now, because most of them don't want to pay the licenses to the government. Same thing for online poker houses. But I have no problem using bookies that use bitcoin right now, but I'm sure they are not paying any taxes in my country, so I guess that if they don't pay it here, they don't pay it anywhere else as well.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: LuanX3 on September 08, 2017, 10:02:08 AM
Probably it depends on their jurisdiction where they are operating. If the casinos registered with the country where they operate for sure they will have to be taxed by that government for operating there. Though, I think a lot of casinos are not even registered and they don;t even declare the operators of the site.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: SvenBomvolen on September 08, 2017, 10:19:17 AM
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Kiweikoo on September 11, 2017, 03:46:58 PM
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ralle14 on September 11, 2017, 08:22:19 PM
All I know is that having a license for a bitcoin casino is not really needed at the moment because there are a lot of successful casinos here that don't have any gambling license yet they're still operating smoothly compared to those who have curacao license. Few casinos that don't have any gambling license block users from specific countries like the U.S. in having any access to their site to avoid getting taken down. Imo they don't pay taxes unless they're being regulated.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: szpalata on September 11, 2017, 08:38:49 PM
All I know is that having a license for a bitcoin casino is not really needed at the moment because there are a lot of successful casinos here that don't have any gambling license yet they're still operating smoothly compared to those who have curacao license. Few casinos that don't have any gambling license block users from specific countries like the U.S. in having any access to their site to avoid getting taken down. Imo they don't pay taxes unless they're being regulated.

But even with the US there are ways around it by using a vpn or a Remote Desktop protocol (RSP) to completely hide your identity and gamble. I agree with you that many are operating without license and I think it depends on where you'll decide to host your gambling website (the server country).


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Zicadis on September 11, 2017, 08:44:09 PM
The fact that where these gambling houses are usually based cryptocurrencies are not even recognized as a legal form of payment which gives them no reason to pay taxes at all, I guess our governments need to think proactively and not miss all these potential hotspots for revenue collection.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Cacingkemi on September 11, 2017, 09:24:39 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.


Sites pay taxes even site gambling, pay online taxes and rent their land in the domain is clear it's a piece of tax. offline gambling is obviously exposed to legal or uncertain taxes taxable, I think all the locations there must be some tax whatever and how surely no taxes except asleep. a license statement of its validity is definitely taxable. ;)


Title: Re: Are the Big Gambling sites paying taxes?
Post by: DrGuns4Hands on September 12, 2017, 11:04:35 AM
ofcourse they have a respective documents in order to run their business legally. they don't want to have a cases like tax evasion so i think they're paying taxes also even if it's online without any actual casino. ithink they've all the legal rights to run a business. the most nearest way they're paying taxes was buying a domain plan and hosting plan that company used to pay taxes also.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: carlisle1 on September 12, 2017, 11:50:04 AM
ofcourse they have a respective documents in order to run their business legally. they don't want to have a cases like tax evasion so i think they're paying taxes also even if it's online without any actual casino. ithink they've all the legal rights to run a business. the most nearest way they're paying taxes was buying a domain plan and hosting plan that company used to pay taxes also.
yeah right they needed to bring those requirements in order to patronized their business its a must especially for those who already established their
business so I guess they also paying taxes because before you can have those documents you needed to pay for the form.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: bajing on September 12, 2017, 03:43:39 PM
I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.
To be honest i dont know what is the truth but Who knows?? i mean after some countries has legalized bitcoin, maybe there is any rule for some gambling site paid taxes because like in america or europa gambling can operate on legal. sorry to said that because your word is like all gambling site that operates with crypto-currencies is operated on illegal.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: RealPhotoshoper on September 12, 2017, 04:41:23 PM
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
They could simply report their business to get taxed or hide it forever in bitcoin.
Depends on how good people will to help their government grow together through the tax rules.
It sucks indeed to give your hardwork for free to the greedy government , it is up to the operator now.

With time as bitcoin goes mainstream, you won't have to report anything
You'll be free to use your bitcoins to buy whatever the hell you want anywhere
Why would you have the need to exchange your bitcoins for fiat?
I believe most of the crypto casinos either operate in tax havens or aren't registered at all
I find this to be a good thing
Still the tax department will come after you to get taxed.
The bigger your business the more people looking for you to ask money in the name of official work government.
I believe those big casinos has received a message regarding the obligation to pay taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ethereumhunter on September 12, 2017, 05:24:44 PM
I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.
To be honest i dont know what is the truth but Who knows?? i mean after some countries has legalized bitcoin, maybe there is any rule for some gambling site paid taxes because like in america or europa gambling can operate on legal. sorry to said that because your word is like all gambling site that operates with crypto-currencies is operated on illegal.

if the government knows that there is any gambling site operate in their area, i think they don't want to stay calm and they will make sure that the site can give revenue to them like paid taxes. we don't know about this because if gambling site wants to pay taxes, they don't need to tell us or their member because its their internal expenses.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Jasad on September 12, 2017, 05:25:43 PM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: kidsuzudn on September 12, 2017, 05:55:07 PM
Actually, all online gambling BTC website didn't have to pay any taxes. Why? Because there is no law or convention manage about gambling BTC or trading BTC or investing BTC. Crypto is a free environment that can be called " outlaw". So no goverment can control it to tax it. So this market is really potientally.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: JL421 on September 12, 2017, 08:57:25 PM
that would surely be a no if that was the case we couldn't find easy, anonymous gambling charging tax from casinos would mean they will charge most of the gamblers proof of income , their identity and what all all the bitcoin gambling sites which claim to be registered are actually just fake barely any site out there is paying any tax betway might be paying as they accept paypal also


Title: Re: Are the Big Gambling sites paying taxes?
Post by: bhadz on September 13, 2017, 01:25:55 AM
I know most of the gambling websites that wants to be recognized by their country needs to be registered for compliance according to the law. But since there is no law about crypto currencies, they are not obliged to pay for the operation unless the country is recognizing the worth of crypto currency. But the gambling site can pay tax voluntarily, I don't know what's the answer on this.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Nexchange.co.uk on September 13, 2017, 01:28:05 AM
Short Answer: No.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: MinerHQ on September 13, 2017, 01:55:45 AM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.

Most of the real casinos running legally are need to pay the taxes but online sites particularly cryptocurrency based sites are not paying taxes because no one can verify how much these sites are earning a profit and many of them are not legally register as a gambling site in any country. But if they get caught then the site will be closed immediately without any notice.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: siti25 on September 13, 2017, 03:55:38 AM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on September 13, 2017, 07:36:07 AM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: xhienigat on September 13, 2017, 09:36:00 AM
I think if the gambling site is legal and have permits then they are paying taxes because they can't operate if they will not. And also it depends to which country they belong.. my question is are those gambling sites registered their company in their government?


Title: Re: Are the Big Gambling sites paying taxes?
Post by: noormcs5 on September 13, 2017, 10:03:55 AM
Now i am here in a big and famous gambling sites. For me, Fortune Jack is a big and trust able gambling site, but i think not any online gambling sites are paying taxes, because i have little knowledge about it. But if you want to know clearly then you should search about it. But i am sure no any gambling site is paying taxes. But real casinos are paying taxes to their government.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: mothergodness on September 13, 2017, 10:52:31 AM
I think that some gambling sites evade paying taxes, especially if they accept crypto currency as payments. But all gambling establishments in real life prefer to pay taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Betwrong on September 13, 2017, 11:15:01 AM
I think they should. If I were the owner of a profitable gambling site I think I would find a way to pay taxes, I mean I would tell my lawyer to find a way to avoid potential problems with the governmental institutions in the future.

But if your site is not profitable or you barely make $300/month that is another story. I don't know how it works in reality and I think it differs from place to place, but in my opinion such businesses shouldn't be persecuted by tax administrations.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: serjent05 on September 13, 2017, 08:52:33 PM
I believe not al Casino are paying taxes, that conclude that other online casino are paying their taxes especially if they are accredited by the government.  It is actually clear that there are two kind of Casino,legal and illegal one, so basically legal Casino are paying taxes or they are in some hosting site that is located in other country where gambling is almost free.  Illegal Casino as we known it operates without the consent of the government.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: siti25 on September 14, 2017, 02:03:05 AM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

I just found out about online business and it turns out that online business do not need to pay tax as you say. So I do not think gambling sites need to pay taxes because it's an online business. But I found information there are some countries that will apply taxes on online business. So maybe in the future gambling sites will be taxed.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: michkima on September 14, 2017, 05:07:35 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

I just found out about online business and it turns out that online business do not need to pay tax as you say. So I do not think gambling sites need to pay taxes because it's an online business. But I found information there are some countries that will apply taxes on online business. So maybe in the future gambling sites will be taxed.

Online business do not need to pay tax? LOL. You should really consult your tax agency about that. There is no country that do no charge taxes on their citizens especially for income taxes. If you profited from anything then you need to pay some sort of tax. That is basics of taxation. The money you pay the government is used for the services that help you and other citizens hence you need to pay it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: reflector on September 14, 2017, 05:24:23 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

I just found out about online business and it turns out that online business do not need to pay tax as you say. So I do not think gambling sites need to pay taxes because it's an online business. But I found information there are some countries that will apply taxes on online business. So maybe in the future gambling sites will be taxed.

Non of the government will expect for the any job until the IT has not been filed. If you more transaction than the limit you are earning in day job or business then bitcoin. If you know countries that will consume the taxes for their means please share it with reference because it will be helpful to the people who is been from those countries in the forum.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: eann014 on September 15, 2017, 01:12:10 AM
I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on September 15, 2017, 03:16:28 AM
I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.
As long as the business have a built or physical companies,with employees . They are required to have a registration at the Government, but if they are only operating online without a physical company then they are not allowed.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: el kaka22 on September 15, 2017, 08:44:28 AM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
Gambling sites rather all the sites need to pay tax in order to get licensed by government. All such sites do pay taxes and as far as we are utilizing the facilities like internet and electricity, definitely we all are paying income taxes one way or the other. You cannot run an illegal site very easily. After all, all of our activities are locked.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: roadbits on September 15, 2017, 01:47:09 PM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
Gambling sites rather all the sites need to pay tax in order to get licensed by government. All such sites do pay taxes and as far as we are utilizing the facilities like internet and electricity, definitely we all are paying income taxes one way or the other. You cannot run an illegal site very easily. After all, all of our activities are locked.
We all paying tax to our governament with one or another way. But paying that type of tax and income tax is different I think. Income tax means what we are earning from our business for that money we have to pay tax. What you said utilizing the facilities like internet and electricity etc. this will come under service tax. We have varieties of taxes, we can hide income tax by showing some fake documents, but we can't hide service tax.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: lovesybitz on September 15, 2017, 06:20:26 PM
As far as I know, all online gambling site has no taxes at all. But gambling who build in land based casino, perhaps that things has licensed from the government, well in that case they are legally need to pay tax anway.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: socks435 on September 15, 2017, 07:01:03 PM
As far as I know, all online gambling site has no taxes at all. But gambling who build in land based casino, perhaps that things has licensed from the government, well in that case they are legally need to pay tax anway.
No there are country that asking for tax and i think only bitcoin gambling are not asking for taxes and other country online or local gambling are also had taxes.. because its business and its impossible they are not asking for taxes unlike you are gamble in bitcoin which is no taxes never heard that there are gambling site related in bitcoin are asking for taxes .


Title: Re: Are the Big Gambling sites paying taxes?
Post by: hatshepsut93 on September 15, 2017, 11:38:41 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Good question! I think it's easy to determine whether a casino pays taxes or no by simply looking at its house edge and profit share for investors. Technically, casino has just one source of income - its house edge, and it has to cover all the spendings - servers, maintenance, salary for employees and of course taxes (if there are any). This is one of the reasons why Bitcoin gambling sites have much smaller house edge than traditional casinos - they don't pay taxes, so they have more profit, so they can reduce their house edge to be more attractive than fiat casinos. Also, traditional casinos operate with a license, which is like a reassurance from the government that the casino won't cheat (pretty weak in my opinion, since you have to just trust both casino and the government). Bitcoin casinos just don't need this, because they can prove their fairness via cryptography. 


Title: Re: Are the Big Gambling sites paying taxes?
Post by: FlightyPouch on September 15, 2017, 11:58:54 PM
As far as I know, all online gambling site has no taxes at all. But gambling who build in land based casino, perhaps that things has licensed from the government, well in that case they are legally need to pay tax anway.
No there are country that asking for tax and i think only bitcoin gambling are not asking for taxes and other country online or local gambling are also had taxes.. because its business and its impossible they are not asking for taxes unlike you are gamble in bitcoin which is no taxes never heard that there are gambling site related in bitcoin are asking for taxes .

I don't get what you are saying, you are saying that the gambling sites or online casinos are "asking" for taxes?? They are not asking, they do not even care about taxes because they are not paying taxes. It is different form the Casinos in the real world where they are required to pay big taxes to make their casinos legal.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Malsetid on September 18, 2017, 04:55:27 AM
They have to. Governments would be aware and would crack down on these sites if they can't milk anything from something that generates so much money. Even gambling sites utilizing bitcoin would be hardpressed not to pay taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: siti25 on September 18, 2017, 05:20:46 AM
As far as I know, all online gambling site has no taxes at all. But gambling who build in land based casino, perhaps that things has licensed from the government, well in that case they are legally need to pay tax anway.
No there are country that asking for tax and i think only bitcoin gambling are not asking for taxes and other country online or local gambling are also had taxes.. because its business and its impossible they are not asking for taxes unlike you are gamble in bitcoin which is no taxes never heard that there are gambling site related in bitcoin are asking for taxes .

I don't get what you are saying, you are saying that the gambling sites or online casinos are "asking" for taxes?? They are not asking, they do not even care about taxes because they are not paying taxes. It is different form the Casinos in the real world where they are required to pay big taxes to make their casinos legal.

I know The difference is a real casino and gambling site is a real casino must pay taxes and gambling sites do not pay taxes. Because to my knowledge, online businesses are not asked for taxes and gambling sites including online businesses. While offline businesses like real casinos have to pay taxes because there are already rules about it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: bering on September 18, 2017, 05:36:37 AM
the questions were actually belongs to the owners itself because only them able to answering this questions but in my view if gambling legal on the particular countries so paying tax is mandatory even it's cryptocurrencies casinos or physical casinos all of them have to following the rule


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BabyBoss on September 18, 2017, 05:53:24 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.


It depends on casino if this was building then I think they pay taxes on the government but I'm not sure in casino sites absolutely ofcourse they never taxes unless that site build a building. I think you need to pay tax if that was build in land. I don't think so.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: guoyu78 on September 18, 2017, 12:47:22 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

I just found out about online business and it turns out that online business do not need to pay tax as you say. So I do not think gambling sites need to pay taxes because it's an online business. But I found information there are some countries that will apply taxes on online business. So maybe in the future gambling sites will be taxed.
First of all, all countries have their own rules and regulation. Each country has its own tax laws. For instance, United State of America taxes all income from whatever source derived; it covers legal and illegal both. I think, citizens of all the countries have to pay income tax at least regardless of their sources.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: DeathAngel on September 18, 2017, 02:03:25 PM
Big crypto gambling companies probably aren't paying the correct or any taxes. I don't blame them though, fair play to them. I wouldn't pay taxes either if I could get away with it.

Good luck to them.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Oilacris on September 18, 2017, 03:27:49 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

I just found out about online business and it turns out that online business do not need to pay tax as you say. So I do not think gambling sites need to pay taxes because it's an online business. But I found information there are some countries that will apply taxes on online business. So maybe in the future gambling sites will be taxed.
First of all, all countries have their own rules and regulation. Each country has its own tax laws. For instance, United State of America taxes all income from whatever source derived; it covers legal and illegal both. I think, citizens of all the countries have to pay income tax at least regardless of their sources.
Correct, this thing would actually depend on the law enforced on a certain country if they did have some law on imposing taxes on businesses either on offline or online.Then you would really be obliged on paying up taxes when you do decide to build a gambling site this is why when you are confused regarding on this thing then better to look for a lawyer on your place and ask regarding on this matter.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ardentvolcanoes on September 18, 2017, 04:18:10 PM
Big crypto gambling companies probably aren't paying the correct or any taxes. I don't blame them though, fair play to them. I wouldn't pay taxes either if I could get away with it.

Good luck to them.

LOL mate.. If there's even a chance I will not pay taxes as well.. taxes here in our country is 30%. It would be much higher if you're going to own a business maybe. Gambling sites are paying taxes and I agree that they maybe not paying the correct one.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: wxa7115 on September 18, 2017, 09:10:25 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.


I’m not an expert in tax law but I will say that most of the bitcoin casinos are probably established in countries where you do not have to pay income tax or where the taxes are very low so while they may not be paying a lot taxes they are doing everything in a legal way.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: JanpriX on September 18, 2017, 10:21:03 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Your post that you presented here also made me thinking. ::)  Right now, online gambling is strictly prohibited in our country but I believe when they are still legal here, they are paying taxes to the government. That is if they are registered and regulated by our Gaming Licensing and Development Department. This goes also to online gambling sites and casinos that operate in cryptocurrencies and fiat. I don't know how much are they paying but I can say that it is a significant amount. Under-the-table payments are also rampant here so you do a rough estimate if they are paying big sum of money or not

Opening a gambling company is indeed more profitable as it was built to always win in the end because of the house edge that they are imposing.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Shinpako09 on September 19, 2017, 03:18:51 AM
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Don Pedro Dinero on September 19, 2017, 04:01:47 AM
The ones operating in my country and other European regulated countries don’t pay taxes because to do so, and to be completely legalized, they should have applied for a license and, once granted, they should operate under a specific country domain, like the domain .es for Spain, .it for Italy, .fr for France and so on.

I’ve been researching the matter and although there isn’t clear legislation on the subject, the binding opinion of the General Administration of gambling in my country states that cryptos sites should also get a license and operate under certain conditions, like fiat gambling sites.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: shintosai on September 19, 2017, 04:11:26 AM
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.
Point is there mate as long as they still paying in the right manner maybe I won't also care if they are paying right taxes from their government as I know that they won't or theres no way to track if how much earning they have and its also differ from each countries that they belong,.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on September 19, 2017, 04:35:23 AM
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.
Point is there mate as long as they still paying in the right manner maybe I won't also care if they are paying right taxes from their government as I know that they won't or theres no way to track if how much earning they have and its also differ from each countries that they belong,.
Make sense, as long as the companies have set of rules that are not terribly making wrong movement against Government then it will be fine. I think as long as they have physical company then they need to pay it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ArdiPrabowo on September 19, 2017, 04:41:58 AM
i think only big gambling site, ready get high reagulate and legal
ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement

sample bwin, williamhill(from england) is ready regulate and payment tax


Title: Re: Are the Big Gambling sites paying taxes?
Post by: maydna on September 19, 2017, 06:38:53 AM
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.
Point is there mate as long as they still paying in the right manner maybe I won't also care if they are paying right taxes from their government as I know that they won't or theres no way to track if how much earning they have and its also differ from each countries that they belong,.
Make sense, as long as the companies have set of rules that are not terribly making wrong movement against Government then it will be fine. I think as long as they have physical company then they need to pay it.

i think gambling sites is not paying taxes for government because the site is online and how government will trace their revenue from gambling? even if they can, the sites is not always hosting in their territory so there is not related with them. and if the gambling sites have physical compane, then they are only pay taxes for their office too unless they give the complete assets they have to the government then government will decide to included in the list to pay taxes or not.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: bitgolden on September 19, 2017, 02:16:25 PM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
Gambling sites rather all the sites need to pay tax in order to get licensed by government. All such sites do pay taxes and as far as we are utilizing the facilities like internet and electricity, definitely we all are paying income taxes one way or the other. You cannot run an illegal site very easily. After all, all of our activities are locked.
Well, all the citizens living inside boundaries of a state are supposed to pay tax on their incomes regardless of the source and those people who have business online are also making money. Government has track of them and definitely, they also have to pay income tax.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: wuvdoll on September 20, 2017, 03:18:15 PM
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
Yeah, if someone is doing business, whether it is internet based or not, he will be paying taxes to the government for getting papers are being legalized. Before doing something, you need to get authority of performing that and I think only government authorities can permit anyone with that power.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BossMacko on September 20, 2017, 04:09:47 PM
As far as i know Gambling sites are paying taxes, because if they don't that site is illegal and sooner or later they might run with all the deposited amount or money in that site. Gambling sites are easily be trace by government so for it to run for a long time they need to be legal and being a legal they need to pay for tax.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: wxa7115 on September 21, 2017, 12:18:22 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



Good question! I think it's easy to determine whether a casino pays taxes or no by simply looking at its house edge and profit share for investors. Technically, casino has just one source of income - its house edge, and it has to cover all the spendings - servers, maintenance, salary for employees and of course taxes (if there are any). This is one of the reasons why Bitcoin gambling sites have much smaller house edge than traditional casinos - they don't pay taxes, so they have more profit, so they can reduce their house edge to be more attractive than fiat casinos. Also, traditional casinos operate with a license, which is like a reassurance from the government that the casino won't cheat (pretty weak in my opinion, since you have to just trust both casino and the government). Bitcoin casinos just don't need this, because they can prove their fairness via cryptography. 
The house edge is not that different, and the house edge is enough to pay those huge buildings in Las Vegas, so it is enough to pay taxes, but I think that what bitcoin casinos do is to register themselves in countries where the taxes are very low or zero, that way they give themselves a competitive advantage.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: jaocoincrypto18 on September 21, 2017, 12:54:13 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



If these gambling sites are big then they should be legalize by the government to impose amusement tax to them but if they are not registered they will be at risk to to be close by the law. Here in the Philippines may illegal gambling sites are located in the high end subdivision and owners was arrested because if the sites becomes big and popular it will be exposed to the public in which is very impossible to hide from the authorities.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Dontme on September 21, 2017, 08:02:11 AM
Yes of course they do taxes. Gambling is like business for them to be legal in the government they need to be registered and government approval. Those big casinos are easily to be track on by the government. So, in order for them to stay they pay taxes as government order them. Gambling is not that easy to enter a new place rather they make plans, concepts and fix all the paper for them to be legal before they built a casino building.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: fullhdpixel on September 21, 2017, 08:46:39 AM
I think they should. If I were the owner of a profitable gambling site I think I would find a way to pay taxes, I mean I would tell my lawyer to find a way to avoid potential problems with the governmental institutions in the future.

But if your site is not profitable or you barely make $300/month that is another story. I don't know how it works in reality and I think it differs from place to place, but in my opinion such businesses shouldn't be persecuted by tax administrations.
All the businesses, whether online or not, need to be licensed by the government of a specific country where the owners live. In order to get that, they are supposed to pay tax so that they can start their business.

The income tax is not more than the affordable amount. Everybody needs to pay tax and those
who don't are heavily fined when discovered.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Vaskiy on September 21, 2017, 09:19:30 AM
I think they should. If I were the owner of a profitable gambling site I think I would find a way to pay taxes, I mean I would tell my lawyer to find a way to avoid potential problems with the governmental institutions in the future.

But if your site is not profitable or you barely make $300/month that is another story. I don't know how it works in reality and I think it differs from place to place, but in my opinion such businesses shouldn't be persecuted by tax administrations.
All the businesses, whether online or not, need to be licensed by the government of a specific country where the owners live. In order to get that, they are supposed to pay tax so that they can start their business.

The income tax is not more than the affordable amount. Everybody needs to pay tax and those
who don't are heavily fined when discovered.

Everything requires an legal approval. Only with that can have the business going successful. In my thinking the authorities just register according to the norms, but anyhow they use the loop holes available to escape from taxes to the maximum possible.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: olubams on September 21, 2017, 09:24:48 AM
Of course big gambling sites will pay tax because its just part of the requirement for them to continue to stay in business. The taxes might not come in form of income taxes like all other companies but licenses and permits will definitely eat into their business. On the issue of not publishing their financials for the public, this is due to the fact that most gambling firms are not publicly owned as they are majorly own by individuals, group of friends or families with limited amount of people.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: TrumpD on September 21, 2017, 12:55:12 PM
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BabyBoss on September 21, 2017, 01:10:24 PM
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Taxes are very important for the big gambling sites. Well those are ways for them to become legal, paying taxes. Sometimes that was the reason why some gambling sites are only open in the night because of the government's order. Governments are very strict when it comes on gambling or casinos they are ordering rules for the casinos to be followed by so they need to pay taxes for them to continue their business.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Monnt on September 21, 2017, 02:33:45 PM
i think gambling sites is not paying taxes for government because the site is online and how government will trace their revenue from gambling? even if they can, the sites is not always hosting in their territory so there is not related with them. and if the gambling sites have physical compane, then they are only pay taxes for their office too unless they give the complete assets they have to the government then government will decide to included in the list to pay taxes or not.
Yes, they don’t have marked any signs of revenue on their websites. How government will be maintaining their records of profits and loss and then calculating tax. They are online and as you said, websites are often developed out of territory so they, maximum times, don’t pay any tax.

But all these will be possible only with the case of crypto based gambling business. But all the fiat based business must pay taxes and must provide their revenue information too.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: reliable on September 21, 2017, 03:07:15 PM
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.

I think casinos which have license would certainly be paying taxes because even government know how much revenue roughly they would be generating considering the people play in casinos and tourists who specially come to Las Vegas, Macau etc. Yes some part they could evade the taxes through their internal setting but ideally I assume they do must be paying taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: setupbounds on September 22, 2017, 10:17:40 AM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Barbut on September 22, 2017, 07:43:57 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends.

Its not like that, every site has to be registered somewhere, depends from country where its registered they need to work under their laws. Regulations and taxes are not the same in every country, some countries forbid gambling of any kind, some have very high taxes for gambling, but there is always some island paradise that offers very low taxes and not so strict laws. Its not just with casinos, you can look for many corporations and companies that are registered in some of this paradise countries.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: wxa7115 on September 22, 2017, 10:10:34 PM

Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
Gambling sites rather all the sites need to pay tax in order to get licensed by government. All such sites do pay taxes and as far as we are utilizing the facilities like internet and electricity, definitely we all are paying income taxes one way or the other. You cannot run an illegal site very easily. After all, all of our activities are locked.
Well, all the citizens living inside boundaries of a state are supposed to pay tax on their incomes regardless of the source and those people who have business online are also making money. Government has track of them and definitely, they also have to pay income tax.
But things are different when it comes to pay taxes when it comes to business, a business is considered to be a separated entity from the individual that created it that is why you are asked to keep your account separated even if the business is yours.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Gaff on September 22, 2017, 10:11:15 PM
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends.

Its not like that, every site has to be registered somewhere, depends from country where its registered they need to work under their laws. Regulations and taxes are not the same in every country, some countries forbid gambling of any kind, some have very high taxes for gambling, but there is always some island paradise that offers very low taxes and not so strict laws. Its not just with casinos, you can look for many corporations and companies that are registered in some of this paradise countries.


I agree with this matter mate, this really implemented strict laws on gambling registered licenses as well as highest tax implemented laws. Those who doesn't comply to the law implemented requirements will be subjected to website closure, and worst if they don't pay taxes they will be totally banned and won't be accessed again. So in order for the gambling business to run smoothly without any illegalities, well those owners must abide the laws and regulations because if they don't; they will be considered illegal business.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: FasTroy on September 22, 2017, 10:37:38 PM
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Yes, we should be careful when we decide to deposit in any of gambling sites, we must first make some research about the site, to know if the site is legal and is scam or not, by reading some reviews.
In few months ago, I played on directbet.eu , it's one of my favorits gambling sites, it pays fees when we withdraw, but unfortunalty it closed now.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: MinerHQ on September 23, 2017, 05:14:09 AM
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Yes, we should be careful when we decide to deposit in any of gambling sites, we must first make some research about the site, to know if the site is legal and is scam or not, by reading some reviews.
In few months ago, I played on directbet.eu , it's one of my favorits gambling sites, it pays fees when we withdraw, but unfortunalty it closed now.

It looks like you confused about the OP question. He is asking about whether these gambling sites are paying taxes to governments or not? He is not talking about the withdrawal fees.

If I'm not wrong directbet was deducting our fees from your winnings to send payments and it was my favourite site to bet on cricket matches. Most of the land-based casinos should be paying taxes and only online casinos not sure how they manage this part.



Title: Re: Are the Big Gambling sites paying taxes?
Post by: The_prodigy on September 23, 2017, 05:19:40 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



It kinda depends on the regulation laws on where the website originated. Some countries have harsher and stricter regulations on gambling sites while some have very lax and giving laws for it. That is why i think some people are moving to those countries as it is easier to live off there.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: MFahad on September 23, 2017, 02:27:01 PM
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.
Point is there mate as long as they still paying in the right manner maybe I won't also care if they are paying right taxes from their government as I know that they won't or theres no way to track if how much earning they have and its also differ from each countries that they belong,.
Make sense, as long as the companies have set of rules that are not terribly making wrong movement against Government then it will be fine. I think as long as they have physical company then they need to pay it.

i think gambling sites is not paying taxes for government because the site is online and how government will trace their revenue from gambling? even if they can, the sites is not always hosting in their territory so there is not related with them. and if the gambling sites have physical compane, then they are only pay taxes for their office too unless they give the complete assets they have to the government then government will decide to included in the list to pay taxes or not.

This statement might be true for Asian countries which are not so developed yet. In U.S and other western countries, they have to pay taxes on online sites too as most of the business run on-line in developed countries.  It is the legal right of the country to get taxes from the income of the gambling sites and keep the running of the country operation smooth. Taxes should be given to keep the government run the expenses in running and managing the country.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ardentvolcanoes on September 23, 2017, 04:14:42 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



It kinda depends on the regulation laws on where the website originated. Some countries have harsher and stricter regulations on gambling sites while some have very lax and giving laws for it. That is why i think some people are moving to those countries as it is easier to live off there.

I agree mate, when it comes to gambling sites I believe government are very strict in their regulations. They will also inspect and investigate to check the credibility of the site itself to avoid fraudulent activity. That's why also is real casino places there's a lot of permit that need to be submitted before they will allow you to operate the site.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: LuffyD.Monkey on September 25, 2017, 01:03:43 PM
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control.
I feel sorry to inform you that all the governments of the world are not really consist of good people. World's biggest disasters were caused by politicians for their own personal purposes. If they can kill people then making them a beggar is definitely nothing for them. Everyone uses his authority for himself first.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: JL421 on September 26, 2017, 06:48:37 PM
i think only big gambling site, ready get high reagulate and legal
ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement

sample bwin, williamhill(from england) is ready regulate and payment tax
But those are regulated ones not every gambling site can get regulation you need to follow so many rules , agree to mamy terms and other sort of permissions are required not everyone is able to afford it or can get it it's better if it's not regulated they don't have to too mamy taxes


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on October 06, 2017, 02:05:00 AM
i think only big gambling site, ready get high reagulate and legal
ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement

sample bwin, williamhill(from england) is ready regulate and payment tax
But those are regulated ones not every gambling site can get regulation you need to follow so many rules , agree to mamy terms and other sort of permissions are required not everyone is able to afford it or can get it it's better if it's not regulated they don't have to too mamy taxes

Online Casinos are also paying taxes same as Land Base casino especially if they have specified a company or they have built an organization, They are paying license and tax on the country that they declare to establish.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: eann014 on October 06, 2017, 03:07:21 AM
I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.
As long as the business have a built or physical companies,with employees . They are required to have a registration at the Government, but if they are only operating online without a physical company then they are not allowed.
Yeah, I agree, because once online gambling sites doesn't need to have an employee's, they don't need to apply for some documents that needs to pass on governments. Online gambling sites are not paying taxes so, all their incomes are end up with their bank accounts, unlike to those who have physical stores like casinos that needs to register in the Government. They really need to pay tax or else they will have penalties.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: jamids on October 06, 2017, 04:04:02 AM
I think the gambling sites that operates in a country where gambling is legal should pay taxes if the government knows that they are operating because they cannot operate if they don't pay. If they operate in a country where gambling is suppose to be illegal then they are not paying taxes simply because the moment the government knows they do that, then they would be penalized. Those sites that operate using cryptocurrencies I suppose do not pay taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: zulkarnaen on October 06, 2017, 05:11:10 AM
In my opinion, tax payments on gambling sites are definitely dependent on their country's policy on tax rules for gambling because not all countries have tax laws on gambling and even some states prohibit gambling.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: biskitop on December 21, 2017, 12:05:51 PM
Of course. Try to imagine, every big gambling house, definitely get a great income as well. The government certainly does not want to lose taxes for it. Taxes are also useful for large gambling house (and official) as legal protection.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: lamjed on December 21, 2017, 05:24:01 PM
In general yes, most of the gambling sites are paying taxes except Planetwin365. The seat of this compaign is in Giblartar. In this country Taxes are not counted. it reminds a bit Panama's system.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: ccris0637 on December 21, 2017, 05:44:55 PM
I think for gambling sites who are operating legally yes they pay taxes in response with their base country regulation just same with gambling casino who are using fiat money casinos with permit to operate pay taxes and those small time gambling are not but consider illegal and would pay fines if ever they are caught into operation.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Seeker#9 on December 22, 2017, 01:11:09 PM
Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: mostkey on December 22, 2017, 07:00:58 PM
I think for gambling sites who are operating legally yes they pay taxes in response with their base country regulation just same with gambling casino who are using fiat money casinos with permit to operate pay taxes and those small time gambling are not but consider illegal and would pay fines if ever they are caught into operation.
very risky if the current online casino does not pay taxes. this must be paid because they also need security because they do not want to netted the operation. because if it happens they need to issue a bigger fine. although I believe many online casinos are illegal


Title: Re: Are the Big Gambling sites paying taxes?
Post by: God Fist on December 22, 2017, 10:10:03 PM
Big gambling websites are usually offshore companies that can be just based in some house or garage and passing unknown for the authorities or even the people living in that area since it is illegal in most countries to gamble online . In fact many countries banned such games since it is tax free thus eliminating the profit that the country might have from such games and potential winnings so they tried to block credit cards from deposing in those websites or just not let people have access to it . Bitcoin has however solved that problem for a lot of people since it keeps the secrecy of the users .


Title: Re: Are the Big Gambling sites paying taxes?
Post by: gabmen on December 23, 2017, 06:01:42 PM
I think for gambling sites who are operating legally yes they pay taxes in response with their base country regulation just same with gambling casino who are using fiat money casinos with permit to operate pay taxes and those small time gambling are not but consider illegal and would pay fines if ever they are caught into operation.
very risky if the current online casino does not pay taxes. this must be paid because they also need security because they do not want to netted the operation. because if it happens they need to issue a bigger fine. although I believe many online casinos are illegal

Well with the amount that they're generating everyday, its just right they pay tax dues. These gambling sites are likely being monitored by their governments so they really have to pay taxes


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Theb on December 23, 2017, 06:25:23 PM
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control.
I feel sorry to inform you that all the governments of the world are not really consist of good people. World's biggest disasters were caused by politicians for their own personal purposes. If they can kill people then making them a beggar is definitely nothing for them. Everyone uses his authority for himself first.
Kiweikoo I don't know why you are blaming the government as well as the casinos for ruining the lives of its users when the users themselves are the ones who are getting addicted to the game without the casino forcing them to play. The government of course are the ones who are allowing these kinds of businesses as they know that they are good money for the nation's income and also it serves as an entertainment for both their citizens and their tourists. Remember that the problem here is not the casino itself but the players themselves.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: siti25 on December 23, 2017, 06:25:50 PM
Is there a legal gambling site? Gambling sites that get permission from the government? If there are, then they should pay taxes. But different if they do not have permission from the government or they are illegal, then they do not need to pay taxes. They should pay, but they are released because it is not monitored by the government.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: blockman on December 23, 2017, 06:59:13 PM
Big gambling websites are usually offshore companies that can be just based in some house or garage
The same as I'm thinking of those big gambling casino's, they might also have an office or something like that but for bigger ones they must comply and have their own permit to operate. For small or start up casino's this is the reality that they are just starting out through their own rooms or garage together with his partner, maybe their team is compose of 3-5 people. To secure their growing business they need to do something so that authorities eyes will be far from them so paying tax is one of it.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Netnox on December 23, 2017, 07:02:47 PM
Most of the gambling sites are registered in countries such as Dominica and St.Kitts-Nevis, where there is no corporate tax. But at the same time, the users are liable to pay income tax on the earnings they receive from these sites, as they meet the residency requirement of the country in which they are living in. Actually this puts offline casinos at a disadvantage when compared to the online ones.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: pokeronlinestatus on December 28, 2017, 01:16:27 PM
Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.
Exactly, the sites which are enrolled in government’s papers pay taxes because in case if they don’t do so, they are going to face deep troubles. The government would ban such sites if they will not pay the tax and the requirements for their releasing would definitely be the tax itself, also a heavy amount of fine which they would pay for their wrong doing. Keeping this in mind, they are happy to pay the tax only.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: newinbtc on December 28, 2017, 01:36:02 PM
Yes they are paying tax that's why they are on the top if they do not pay taxes it called illegal services as per government norms. basically it depend on from where they are operating the casino if it online than may be few percent from the house edge they are paying to government ,IF they do not pay taxes government will declare Illegal and ban that site and also arrest their staff for violating the terms and condition of government . Some online gambling sites just show the the office address but in real no office address actually they are running on software basis , most of time that types of sites do scam in the last and run away with customers money.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Noilee on December 28, 2017, 02:09:04 PM
Yes, big gambling sites pay taxes, especially a popular gambling sites. They wont allow to operate if they don't pay taxes to the government, if they wont pay taxes it would be illegal so they pay taxes. Most of gambling sites are pay taxes and almost country will charge taxes to the big  gambling sites. Even the small gambling sites was not exempted for the taxes all should be obligate to pay taxes so that they it will be legal.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: SamsungBitcoin on December 28, 2017, 02:42:27 PM
Of course this is kind of business and all business are subject to pay taxes, legal gambling site has a permit to operate that is why they have a paper that they need to pay taxes but there are some big gambling site didnt pay taxes but they are illegal business run by some government officials because more illegal activities here in my country which the official is the first owner of that businesses.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: rodskee on December 28, 2017, 03:06:41 PM
Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: milewilda on December 28, 2017, 04:29:15 PM
Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.
Exactly, the sites which are enrolled in government’s papers pay taxes because in case if they don’t do so, they are going to face deep troubles. The government would ban such sites if they will not pay the tax and the requirements for their releasing would definitely be the tax itself, also a heavy amount of fine which they would pay for their wrong doing. Keeping this in mind, they are happy to pay the tax only.
It would be just normal to think of regarding on this matter because its just normal that they would pay up taxes because they wont able to get documentations or be considered as legal if they would avoid such thing and they would really face problems later on when government would find out that they are running gambling business which we do know we are talking thousands or millions of money here and been known that they are not paying up taxes? For sure they would be fucked up.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: poplolnman on December 28, 2017, 05:13:05 PM
Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.
Unfortunately there's only few bitcoin casino who have registered legitimately and that's because they caught by the government itself to pay taxes. Believe me no one wants to pay tax, as long as they are free from government radar they won't do it . Especially Bitcoin where everything are running anonymously.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: reliable on December 28, 2017, 05:27:28 PM
Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.

They have no choices also because else definitely the notices would be sent if they do not pay taxes and they may have to shut down their casinos. Also I think the tax department would be checking every year how much they pay taxes and if they find that its less paid they would go and do the raid so that they can get more money if paid less.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Kotone on December 28, 2017, 06:47:02 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



It depends on their country wherr they are operating because that if the country that they are operating have regulations in place for digitized currency or cryptocurrency then there kust be something that we should all do in regards to following them


Title: Re: Are the Big Gambling sites paying taxes?
Post by: michkima on December 28, 2017, 09:11:17 PM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.



It depends on their country wherr they are operating because that if the country that they are operating have regulations in place for digitized currency or cryptocurrency then there kust be something that we should all do in regards to following them

Generally every business should be paying taxes, however I don't think every online casino is doing it. I think if they can get away with it, they will. Anyway, how will governments tax them unless they declare they are operating under them then no one can really know that they need to be taxed. Taxing something online is really a difficult thing to do, since it is not physical and it crosses all jurisdictions of the world because it is online.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Asmonist on December 28, 2017, 10:24:59 PM
I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: BlockEye on December 29, 2017, 02:19:05 AM
I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.
I think it will depend if they have a physical company, or physical organizations, those big online casinos might paying tax since they have numbers of employees, though it still depends on rhei vountry how strict they are in implementation of taxing.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: siti25 on December 29, 2017, 04:21:43 AM
I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.

Not all because many also want to make as much profit as possible, so they are unwilling to pay taxes. Though tax is a must, when you've paid taxes then your site will be safe from blocking. Not paying taxes means the site is legal, and when cyber crime finds it, the future of the site may be dark.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: audrey12 on December 29, 2017, 11:29:09 AM
I am sure no gambling site pay taxes if ever there is surely they did not pay properly besides there is no specified tax to be impost for such gambling site other than putting tax to winnings from lottery. I think as much as government would like to collect proper tax from gambling sites they cannot do it for they cannot control the market of this site even monitor the income it earns from operations


Title: Re: Are the Big Gambling sites paying taxes?
Post by: tbterryboy on December 29, 2017, 12:43:07 PM
Of course. Try to imagine, every big gambling house, definitely get a great income as well. The government certainly does not want to lose taxes for it. Taxes are also useful for large gambling house (and official) as legal protection.
Exactly! Big sites are paying taxes of course because they are also enrolled in government’s documents and after that they become authorized and can continue their work.

They do pay taxes because tax is totally for the welfare of their country and if they will not pay tax, government will block their site and also will find them for their unfair doing, so they like to pay some amount of tax instead of getting blocked and all things ruined.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: iv4n on December 29, 2017, 01:02:47 PM
Of course. Try to imagine, every big gambling house, definitely get a great income as well. The government certainly does not want to lose taxes for it. Taxes are also useful for large gambling house (and official) as legal protection.
Exactly! Big sites are paying taxes of course because they are also enrolled in government’s documents and after that they become authorized and can continue their work.

They do pay taxes because tax is totally for the welfare of their country and if they will not pay tax, government will block their site and also will find them for their unfair doing, so they like to pay some amount of tax instead of getting blocked and all things ruined.

Many casinos are paying extra taxes like tobacco companies, but all that depends from place they operate, in which country. We pay tax for breading the air, today everything is taxed somehow, and some things and companies in some countries have enormously big tax, luxury is taxed a lot in many countries now.
If casino isn't legit and don't pay tax, some underground casinos they pay some kind of protection to mafia, that is same like tax, its something you can't get away from.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: elash on December 29, 2017, 01:14:51 PM
I don't think that gambling websites were paying taxes. Majority of the gambling websites tries to operate over the countries were there are much legal issues. With cryptocurrency functioning gambling websites everything happens online, so that can operate in some other country based on the legal requirements.
a very big yes, because here in our country the big gambling sites operate only with the open permit, and as i know they operate in legal ways, and casinos here in our country is one of the biggest tax payer in our country.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: warwar on January 08, 2018, 12:47:47 AM
I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.

Agree, also bitcoin because it is decentralized. Though fees are really big but other than that you could say that it has no tax at all. But if we are  talking about the website , its operations or its maintenance and not talking about profits will more likely have fees because they will using they own money to build the website. Hopefuly in the future altcoins and bitcoin still have no tax at all.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: crwth on January 08, 2018, 12:56:36 AM
If you are a legitimate site and would want to continue operating, they should abide by the laws in which they are located. Lucky for them if the country they are in doesn't have anything against that or something but knowing that casinos earn a lot, it wouldn't be much of a hassle to cooperate with the government. It would be certain that people have cooperated with them to ensure safety, especially for its members.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: shintosai on January 08, 2018, 02:09:02 AM
If you are a legitimate site and would want to continue operating, they should abide by the laws in which they are located. Lucky for them if the country they are in doesn't have anything against that or something but knowing that casinos earn a lot, it wouldn't be much of a hassle to cooperate with the government. It would be certain that people have cooperated with them to ensure safety, especially for its members.
They will if law require them from where the server is located, both in house and internet based casino if they wanted to facilitate without any
interfere then they should pay taxes, those big and well established house have this as they know how to run the business well.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Sexie on January 08, 2018, 04:53:37 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.

             
.                 I think gambling site , if it base in a country is being taxed. Alll the requirement of  starting a business must be produced otherwise you Will be banned. I think also those  gambling site that have an advertisement through  internet are being taxed once they are land base.  But for those Casino that are being Played through online i dont think so that they are being taxed. Because they are just buying coins and tokens  through  online bases.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: megynacuna on January 08, 2018, 06:16:34 AM
Most of the online gambling websites are hosted on offshore servers and not in the country where their owners normally reside and so it makes it difficult to collect taxes from these establishments  and so i suspect majority of them are skipping taxes.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: benmartin613 on January 08, 2018, 06:32:13 AM
There two kinds of gambling site the ones who are licensed and the one who are running underground, licensed casino definitely pay taxes because they are being watch by the government on where they register their main office.
Undergrounds dont pay taxes these kinds of site usually dont last long end scam its client, staying online for a few months or years then after a good flow of players coming in then they do shady activity and just block your account or worst the site is lost forever.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Alns on January 08, 2018, 11:21:31 PM
This is almost the same as i replied a few minutes ago, it depends on where are they based.

If they are US-based online casino, then the answer is absolutely yes, they are going to need to put all their asses on the cage because they are going to pay a lot of taxes.

That is the main reason of why most casino websites are based on Panama, or in Gibraltar, because they do not need to pay taxes in those countries.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Pixyoxx on January 09, 2018, 05:29:13 AM
In simple terms , if gambling is allowed then that means they accept it as a means of earning money and off that's so then they will have to pay taxes for sure if they are making a huge sum of it .

Also setting up a company allows you to pay a little bit lower tax but all the input and loan that you will take in setting up one is 10 times higher than the tax that you would have to pay.

Also there is no surity that the company will fluorish .


Title: Re: Are the Big Gambling sites paying taxes?
Post by: crwth on January 09, 2018, 10:22:24 AM
In simple terms , if gambling is allowed then that means they accept it as a means of earning money and off that's so then they will have to pay taxes for sure if they are making a huge sum of it .

Also setting up a company allows you to pay a little bit lower tax but all the input and loan that you will take in setting up one is 10 times higher than the tax that you would have to pay.

Also there is no surity that the company will fluorish .
Well, at least they are paying the government which is going to be for the benefit of the country but not everything goes to the country, it's just the fact that people are really corrupt and just puts the money in their own pockets. That's the sad part, that's why some people don't necessarily pay the right amount or something.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: Kolly on January 09, 2018, 11:49:52 AM
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.


Some gambling sites especiaĺly the big one pay their taxes because if they dont pay their sites will be closed.but many gambling sites are illegal they are the hard headed they dont follow the rules of government.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: greeklogos on January 09, 2018, 12:06:15 PM
Logically they should to. Also I think they are paying for the license for gambling activity. In the other case the gambling site simply should be blocked.


Title: Re: Are the Big Gambling sites paying taxes?
Post by: StarofBTC on January 09, 2018, 12:37:24 PM
Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.
Yeah you are right many sites are not registered and they have made millions of dollars. They do not pay taxes because they are not registered with the governments and they are free to collect money from all over the world and keep all the money in their pockets.

Why they should pay tax? The government does not facilitate them in anything and in response they do not pay taxes. Registered gambling sites no doubt pay taxes.