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https://www.gamblinginsider.com/news/10471/argentina-raises-online-gambling-tax-to-5 (https://www.gamblinginsider.com/news/10471/argentina-raises-online-gambling-tax-to-5)

Apparently Argentina just raised their gambling tax to 5%.

Apparently the industry was unregulated for a long time and the government now decided to go for it since they will aid in the future stability and improvement in the financial situation.

The industry according to them apparently is able to get 2.4 billion dollars worth of revenue and which is inclined to help the country , 95% of the tax is going to go to the province.

What are your thoughts on this ??

Is this good/bad , how would we be able to cope up with the governmental bodies increasing the gambling tax thus shutting down the small business causing problems for the long run.

- it was a little sudden to increase it to almost double. The government never even helped the industry for the sake of the argument.

for big companies that offers betting services i don't think there would be a problem but just like what you have said small business operators maybe in trouble. also i think it's good way to have extra fund to allocate to the province in order to help them to improve or grow i'm not really sure what could be the real cons and pros of this implementation.

Apparently increased in tax these may have positive and negative impact. But we can't countries implementing it because struggling economies due to the COVID-19 crisis. We can all relate to this, small businesses might suffer to these tax hike and not only single industries. But the government should maintain balance in collecting taxes or become reasonable at least.

The growing numbers of gambling institutions caught the attention of the leaders and interest comes next.

The current changes tell something that the government is milking now to all gambling institutions. I'm not sure if that going to be agreed upon by both parties from gambling owners and the government coz this 5% increase is a big effect on their profit and much more in troubles for small-scale casinos.

Good for them, actually it's not a big deal for operators as long as they have the license and customers to gamble as they are making a lot of money from gambling, 5% tax is even small for a profitable industry. With a good gambling regulation, this will drive an increase of operators and it would result to increase of tax revenue.

2.4 billion dollars could really help the economy and as long as it will not affect people's lifestyle negatively.

I wish other countries considers gambling as a good revenue source, and not only that, crypto should also be tackled as it would also help to improve the economy since crypto only needs regulation to be easily adopted.

It's good for them if they will become regulated casino I think many people will be interested to regulated casino rather than to those who are not isn't? Also it's for the good of their country that the tax will be used in the development of the rural areas or provinces.

It's good move for them instead of doing it illegal they make a move to collect more taxes that can help to improve their economy.
If they know casino gambling earn that much it is right to ask more taxes for them or else they need to close it , if the gambling sites know they earn a lot it is also not a problem for them to give more taxes to government it's a give and take for company and government.

The government has to find a way to help the people of his country, for the vaccine, assistance to the people, and where can they get those big amount, from companies taxes, the government need those, especially from the casino which we know has big contribution when it comes to taxes, during this time the best thing that a company can do is to help by giving taxes since they are going to get profit once the pandemic is clear and open its door to the public

This is right that Argentina has taken this step. They are third world country and needs revenue to grow the economy. Taxing is revenue generation and whether it is through casino is fine. Casino business is growing globally.

Looks like another country who will increase or make online gambling regulated to get some extra source of fund, if I'm not mistaken I think I've read before from another country who will make online gambling regulated to have extra fund to response on the Covid-19 Cases I think there are some cons and pros here.

I hope what I quoted is true, that they will give it to the province which I presume that really needs the help of Argentina Government to be develop, because you know, some politicians likes to put it on their pockets and claim it's theirs.

About on the gambling tax, well it's really needed and they need to be regulated like what most of the countries do. Their huge bankroll is a great help to the progress of the economy, that's why Government don't shut down the casinos that's well known by wealthy people.

Yes I think that's a good way to help the country and give assistance to the people. I also think it's great to make the online casinos regulated the players could benefit for it since they can make sure that the casino on where they are playing are safe.

I do expect that as soon as one country needs to operate and get back its economic again first thing for sure the taxes may also get an additional percentage. We all know that the taxes of people, small or big businesses were the blood of the country to move. A good thing to know that the taxes allocation were for province and lets say for those who would benefit was the vulnerable one but the drawback of it was the most affected one was the small businesses and the ordinary people who were earning at a minimum wage.

That's great just come to think of it you are playing gambling and the portion of your losses will go to the development of your country or to help your people.
It looks like you are a hero right? Kidding aside, it's really great that they will regulate it the only thing I'm concerned of is that about the tax.
From 5% it might increase to 10% well I don't think gambling will be good for small operators or newly opened casino that's a little bit high.

I believe they were eyeing on this since long time and as people are sitting at homes gambling and/or trading mostly in order to earn some profits and survive, the finance ministry must have researched and got the numbers from the gambling industry to be coming big enough than before and as they saw the surge, they probably decided to take on the gamblers by doing this. I don't know if it's going to do good to anyone else, but if I understand the spirit of a gambler correctly, s/he will definitely go to gain those extra %s which may look small but can be big in numbers when that gambler is a big bettor.

It's understandable if the government is looking for more funds to support the economy. And I think it's good because the tax revenue earned will also go to the province and the people will be the ones who will benefit from it. Also, with the regulation, there's a good impact on the casino industry. Although with a tax increase, I think gamblers will continue gambling especially if they have sufficient funds so it won't probably cause a huge effect on the number of their customers and profit even for small businesses.

With a huge amount of revenue that the government of Argentina is about to get, we can consider online gambling in Argentina as their economic savior and booster, it's good for the government, the gambling sector can ask for protection and security in exchange for the tax, they cannot do anything because they are under regulation, they just have to bear the thought that they are helping the economy of Argentina.

Many countries prohibited online and offline gambling option but argentina just added the tax alone for you. Hence it is good for the government and they can able spend that for public. Still I believe most of the Argentinian people may play the online gambling games.
Any argentinian here to share your exact thoughts on this taxation and reason behind it.

It seems like a terrible idea to me, I know that is what governments do however raising taxes just because they need money to any industry during a pandemic seems like the fastest way to get that industry out of the country, why those casinos should remain in Argentina when they can leave for jurisdictions where they can pay no taxes or at least lower taxes than that and still reach their clients and increase their profits that way? They are really giving no option but to leave to those casinos if they want survive.

for what I have seen in my country (Italy) raising taxation for gambling isn't a good solution since it will force people to play with low jackpot/odds within a monopole!
I think that in the long run with more of these regulation arising in the world, more players will prefer to use a cryptocurrencies gambling website and not a classic FIAT (or official one).

Taxation is never be a  bad thing unless if those funds are used in other means or not totally on the proposed target.Actually 5% is just too small compared into my countries tax on everything
for 12% for a business including gambling business which i do really see this thing wont really be that big.

When it comes to government then you can expect that they will really be implementing out those laws as for benefit for the entire country and no excuses for this.

Even if you insist on that sudden bump then theres nothing you can do yet it cant really be stopped and wont have any choice but to follow.

I wouldn't say the 5% tax is big but, what we should consider first is what's the capacity of the government in question, they are third world country and the problem of the corona-virus has done more harm than usual and most countries are sourcing withing their parameters to sustain the economy. The only problem will be for small scale gambling platforms but for bigger gambling platforms there won't be any damage with their existence in the issue of the 5% tax from Argentina government.

In my country, there's also a  5% tax on gambling activities. Nothing changed in my opinion, people are still engaging into such activity.
Well, it is possible that economic problems are concerned with the increase of the tax revenue, maybe to somehow have something to generate more resources to battle issues economies are facing at this moment since not all companies and businesses are operational at this point and may it also affects to the "contribution" which pushed the said government to also make changes on activities existing under authority.

If this was done in other to stop or reduce the gambling population, it would have been a failed attempt but, if it is to harness the betting industry for community development, then it is a give back to the community process and a wise decision. Though, in doing so, the government should consider the tax imposed on the individual platforms, the amount of customers that patronize them on a yearly base so as not to over tax and hurt the platforms as they don't only generate revenue but also provide some gainful employment for youths as it's agents. The betting industry is one of the most patronized in the world and though it's being criticized on a large scale, more continues to emerge and receives patronizers but must of all, it generates revenue so, it should be weighed and managed properly.

Before taxes were only shouldered by the owner in physical casino or unnoticeable by gamblers as they will cut only few amount and we not really see their bills, now it's visible in online transactions and enumerated, we have to deal with it in these new normal we're everything is online.  There are more line up of applications too that will be required in tax in my country.we have 12% tax in our country for every transactions or goods purchase. In terms of gambling as well other services taxes were  deduct in the amount used only in receipts will be able to see those tax

Well observed, with this pandemic every possible sources of taxes will be chased by the government, they needed to implement it to
work out with their economy, with so many expenses and not getting anything from the usual venue of taxes they will sort it out and
this gambling business are not exempted.

Big and well established gaming business would not be hurt that much  with this implemented taxes but for those small time gambling
house it will be a burden since they needed to also add this to thier monthly expenses.

I never really knew Argentina was big on gambling, but I guess every country that does not really tax it highly will eventually get a lot of black market activity;) This will also be good news for crypto possibly, if Argentinians are tired of their peso losing value at the casino;) Everything is coming together!

Well, that can't really be the reason. Argentina has been chronically broke for decades. So it always needs money and I think the country has milked everyone else and now it turns to gambling. But I dare to doubt that the industry in Argentina is big enough that it can collect a lot of taxes there. Most gambling takes place underground anyway.

Well, for me, 5% is actually huge amount of tax on winnings and 10% for companies that run in other low taxation countries. This is just a like a reap off. This tax would hurt if winnings is huge and would even hurt more is the government doesn't make use of it in the right way. And this can't be good for small operators. Some might move their business elsewhere or look for a way to bypass tax.

I was surprised that the gaming sector in that country is barely regulated despite online gaming earning close to $2.4BN in revenue annually. Surely, that figure is prior to the pandemic meaning their online betting is really active. With or without pandemics, it makes sense to raise the gambling tax associated with online betting there especially today.

I don't understand how taxation there works but I don't see a negative impact of the proposed law. A 3% rise in tax shouldn't be a problem in an industry wherein showing good revenue yearly.

I think that's a pretty fair move, considering that Argentina used to have one of the lowest tax rates on gambling (compare to the US winning taxes around 20% and 15% in the UK). It's understandable that the government wants to benefit more to recover its economy, especially now.
 
However, they probably should've done it gradually, as such a sharp rise in taxes might be ok for large companies, but will most likely adversely affect medium and small business.

I think they are doing this because of the increasing popularity and regulated online gambling in Argentina, well this will surely benefit the country of Argentina but it will mostly not going to make a big deal for gamblers in my opinion, and if there are many gamblers I think it will be truly OK for gambling owner for increasing a 5% tax, I think this is OK than having gambling ban in Argentina.

And if the proceeds will really go to its people, why not?
But if it will go only to few pockets, then there's problem with the situation.
We know that corruption is also a long-running serious problem in this country.
So hopefully they will keep their word that the large portion that they will collect from gambling will indeed go to their people in need.

The purpose of Argentina's government is good because we know that most countries now are struggling to recover their economy that most countries the same problem and how to solve it, due to the pandemic, governments worldwide seeking a way to recover this problem.

We know that the gambling industry has a big help and most of them are now operating continuously, they are good of a source of revenue, and increasing their tax is reasonable and worth it for the sake of their economic growth. But do you think this will affect the gambling business?

5% is total revenue wont really be that hurting that much yet is there any viable options for them to complaint?

As a business then you wont have any choice or else it would really be on such closure for not complying on paying up tax on the right way.

Theres no doubt that these businesses is one of the most important due to big contribution and theres no doubt that government
will see this as a good one and hopefully it would really be applied well into those tax that had been accumulated.

The government no matter what industry you are with, they'll raise you with the taxes. If the reason is to help the provinces, that's the solution that they've resorted. Increasing tax are normally happening and usually in the gambling industry, they're getting huge taxes because big money is getting in on it.

Having that said, 5% won't affect much the industry or gambling businesses. They're even lucky that they only got a raise with that percentage.

There is no perfect government. Corruption is always there even in the top countries. But still, there are good authorities that monitor if the funds were used for the right purpose. Any body within the government can't just easily make some corruption as there are other eyes that look to them.

That gambling taxation in online betting is a good action by the Argentinian Government. As mentioned in the article, it was barely regulated. It means it's already several years wherein gambling operators are enjoying and take massive revenue but only paying small tax. From $2 to $5 increase, it's just a piece of cake to these operators.

The pandemic has brought most of the countries to its knees and it is a smart move by the government to tax the gambling sector to raise the money, there are countries that raised the tax on liquor and tobacco in the past few months and we should expect these sort of increase in other sectors as well and this is not a substantial increase in tax as well to be worried.

Of course that's always the reason behind some changes if it's come from the government but it's good to know the opinion of some Argentine people in this thread and at the same time a gambler as well. It's not a bad thing IMO but I think everything must goes on on the side of the gamblers sudden increase or not.

At first there will be some complaints I suppose since it's new and may be a sudden news to some gamblers but time will tell the people tend to adapt it and besides these governments really love centralizing these kind of regulations.

The negative impact will be there for gamblers from Argentina, it is the right time for gamblers from Argentina to choose anonymous gambling and avoid paying the high tax. 2.4 billion dollars worth of revenue is not a small amount considering the huge turnover of gambling funds but the government was able to choose another method for adding more money to the government budget. The gamblers shouldn't be a target for this purpose, in my opinion.

The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.

Argentina is a third world country. It's quite normal that governments in 3rd world will look for several possibilities to get more incomes during the pademic when their economy can't support such an agressive crisis. The market of "Entertement" could be considered as a victim of this policy. Taxes augmented in everything even illegal stuffs,gambling isn'tan exception :)

In my opinion, the steps taken by the Argentine government are quite good, because the finances of all countries must be in trouble
in a pandemic situation like now. Then the gambling industry does have a fairly large circulation of money, then the Argentine government
sees this as an opportunity to increase state revenue from increasing the gambling tax to 5%.

This becomes good if the income from gambling tax is used for the benefit of the people of Argentine, because of the pandemic situation,
the people need help from the government. Therefore it is very important for the government to seek additional income for the state and
the option to increase the gambling tax is a good decision. Hopefully other countries that legalize gambling will do the same as Argentina.

As if you do have some choice?If you dont have any options then you would surely deal with it and its understandable that country will consider on having this kind of tax increase
due to economic matters where they do need some more source because economy wont able to sustain if they wont able to find sustainable ways to get taxes which been used for development.
This might be an issue for gambling business owners which would be totally transferred into its users/gamblers where there would be add ups when it comes to fee
due to sudden tax increase.

I understand that Argentina making way to have additional sources just like the other country did but that 5% is really not acceptable for the players. I may think that this could be the reason to stop people from gambling but rather to focus on the solution to the problem we face today.

I hope their actions will be fairly enough for everyone and sees a positive impact on the economy. If this could help for the pandemic then this could essential to increase taxes for a while but I don't agree also that this will be for the lifetime change coz I'm afraid that this will be the reason that some gambling institutions will stop.

Imagine, gambling isn't really a necessity during this pandemic and if the economy is getting affected too much, it is really a great step for the government to act in order to help the economy somehow be stable through putting a tax on most of the business that doesn't really get affected by the crisis as people who participate are those who have spare funds. It is also reasonable to put almost double of the tax added to the current tax they have since they aren't really banning anonymous gambling. Gamblers are still having their freedom to choose which platform should they participate in. In addition, putting this tax might also help people to decrease their contact as they might be discouraged to play in casinos.

This move of raising the tax to 5% will make more people get into cryptocurrency for their gambling needs. It is the only choice through which people find a secure way to gamble. If the cryptocurrency usage gets regulated, there'll be risk of using it to go tax-free. At all situation people who have used to spend time on casinos will continue it unlike the increase in the tax. Also most people using it were rich and middle class people are the one who prefer online gambling through different channels like Cryptocurrency, fiat, etc to reduce the cost of spending.

I think they will also be going to tax online casinos too. It will be difficult though because some casinos are not operating in their territory which means that jurisdiction might be difficult. In my opinion, increase in taxation in gambling is not a bad thing, many people play and the house earns a lot, I think that it is fair to get more from them, even if there is more online players, there will still be people playing in casinos. Remember that tax is not a bad thing, it is just the ugly truth and we need to accept that, remember that public works are funded by these taxes which develops a nation.

It would not happen if we are not in Pandemic and Argentina is also suffering from high case of infection

 (https://www.google.com/search?client=firefox-b-d&q=argentina+covid+case) I figure that they are going to use the funds coming from taxing the online gambling sites to the needs of the government to fight CoVid and to sustain their economy brought by the pandemic, every government needs money now.

@aioc. However, the Argentinian government might also know more about the decision they are doing hehehe. I speculate that online gambling has increased in their country during this pandemic and the government wants their share.

The tax rate increase is from 2% to 5%. This is more than double and I reckon this increase has been studied more deeply than it appears.

It is all right for me if the taxes are increased in gambling. Gambling is a luxury. It is a vice or a hobby. It is not a necessity or a need. So it does not matter if they are taxed a little more than the usual especially because the revenue will be provided to the provincial territories of Argentina where help is much needed.

I don't believe the gambling industry in Argentina is unregulated. This is just a tax increase. It does not mean there was no regulation prior to this.

It's pretty manageable imo, and not that unreasonable, not to mention that most of it would go towards the development of the country itself, which is a plus in the case of casinos itself as well, since development leads to more jobs, to better jobs, which leads to better salaries and possibly more people would gamble then, or maybe an increase in the amount the people use to gamble. And another point is, it isn't really like they can fight against it or anything, might as well see the positives in this.

And if ever, we would see any reactions to it, positive or negative from the players themselves after a few weeks. If the casinos themselves increase the fees and whatnot in accordance with the tax increase, then there may be some complaints here and there, but if they didn't it really just means that the market is indeed unregulated for the past few years.

indeed with taxes it can improve a country's infrastructure but you have to be careful because if gambling establishments increase taxes it might make them players choose other places that don't use taxes. may be able to find a way other than increasing taxes.

Well atleast Argentinian gamblers can assure that their taxes were alloted for provincial territory development rather than nothing. At least they have this feeling that they already got fun and at the same time they helped to the development of Argentina's countryside by the means of their taxes. But i didn't speak this as a general gambler would agree with it. Of course some gamblers will speak for their own opinion too regarding on this.

The number of online gambling and casino gambling increases with our current situation, most of the gamblers are now being into gambling due to this pandemic which makes them so bored and has free time that they are spending for gambling and by that government see this opportunity to earn by giving or increase the tax, good thing is that they will use it in good things if that is true. This pandemic causes too much suffering to our economics but the government should be fair to everyone for giving tax rate.

gambling is such a big market and we knew how much profit brings this to the operator,specially in countries that gambling is not regulated.
This argentina government decision is actually should have done long time ago as the gambling activities in their country is getting bigger and bigger .

But it is better late than never and now they will realize how much taxes that has been uncollected since day 1.

Hope this action will help the country for recovering from the pandemic as they are also one that suffers most.

The government needs a source of income since a lot of businesses had closed down, so they need to search for all possible avenues to gather taxes from existing businesses. Gambling is a huge industry even with the pandemic people are still looking for a place to gamble, and I doubt if it will be out of demand. I don't care how the government inpose their tax as long as it is fair and taxes are properly used.

Some people will not like to see their government raises gambling tax because I think they are comfortable with the previous situations. But what you said is right, applying taxes in many businesses can improve a country's development, so their country's economy can grow. Maybe that can make people who don't have much money will stop playing gambling because the taxes will be too high for them.

Is the country raising tax on "gambling" or "betting" (betting transactions?).

I guess it's betting industry they're reffering to , which includes lottery, political betting, forex, competition etc... and that will likely make taxing easy and encompassing considering that word "betting" can be clearer and easy for any national law than "gambling" 
By the way, outright ban on gambling is acceptable than raising tax on gambling. Gambling (taking big risk, whether in bets or other area) is actually bad and very risky. It's immoral to tax and benefits from things that are bad for people

It's government it's up to them to decide whether to make it illegal or increase the tax payment they collected from them . Gambling and addiction is hardly to stop any where you are ,as long as there is a way to gamble they will always find ways to play even it's illegal.So if government know they can't stop people from gambling they join it so they can also get the benefit having that gambling sites in legal ways by asking tax .

Don't put religious belief in Business and in government ,if you believe gambling is Bad then keep it on you and pay respect to gambling industry and gambling community.

Why are you  Saying Taxing gambling is Immoral?Please be reminded that you are posting in "Gambling Section" in which majority of People are either gambler or gambling supporter So Pay attention to the subject please.

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Good to Hear that Argentina Knows where to collect funds in which wont effect the public.

Congrats for this action and hope will succeed.

Every government policy related to taxes will inevitably raise pros and cons, as well as what the Argentine government has done to increase
the gambling tax. Being a debate in the public, many argue that this tax increase could make gamblers affected. I think it's really a good thing,
it can reduce the habit of playing gambling. It's possible that increasing the gambling tax can reduce gambling addiction too. But I strongly agree
that the Argentine government increases the gambling tax, because at least it can increase state income.

I think this is a not so well thought move.Small start ups need backing them up and not cutting directly the way to them as this moves does exactly this.It is an attempt to make the big operators get all the revenue.The only good from this is that this tax will be used to help the provinces but I am not sure the money will go exactly there as you know in every country there is room for corruption.

That is good news for CRYPTO GAMBLING.
Now gamblers are going to have a good reason to abandon traditional casinos and play at crypto currency sites which won't raise any taxes on them.
For Argentina it won't be good. The government thinks they are going to increase their income from taxes, but in fact it can be quite the opposite, as gamblers tend to look for another gambling methods, such as the clandestine ones or crypto casinos.

yups thats why they called government to govern the country and to imply rules,adn good thing that extra taxes for gambling is implemented.
if the casino houses put this taxes to their players,then sooner gamblers will find places in which they are not being used to back to complaint to the government.

That is exactly correct. The government will have to weigh in the pros and cons of increasing taxes also. They need to also consider the possibility of discouraging gamblers to play on licensed casinos which will impose the high taxes required by the government. It is indeed possible that some gamblers would now choose those which are not really paying the right government taxes.

Another possibility is that the gambling income would also be diminished significantly because of the new tax system. There might be a backlash of gamblers which result to a lower revenue for gambling establishments.

I would say taxing on gambling should always be high, because it is an industry that is guaranteed to make a profit and there is not that many business in the world that can say that. Normally I would say other business' are the same when they do not get customers they bankrupt and so will casinos as well but casinos could get just one whale and still make it big, plus if you do not get customers as a casino which is literally an "attraction" that means maybe you shouldn't have opened it.

It can't even get saturated, there are a billion casinos in Las Vegas and from the HUGE ones to small tiny ones they all make money somehow. So, I would say taxing these companies for gambling should be pretty high, not even 5% it should probably be higher for bigger ones.

Argentina had been trying everything to bring more capital to the country and they had zero tax for many things including work of arts which is one of the most expensive products that are traded. But most of those attempt haven't brought many benefits to the country. They have now implemented a small gambling tax and a mere 5% tax would send away most of the gambling business as many tax heaven provides much facilities in lower taxes.

Related to the tax that they push to increase, my thoughts are always bad because you have to pay tax for gambling and My Thoughts at least they don't ban online gambling government earns from it too because they see that many people gamble and gamble they find their way to get some money. They did what they thought could get them for money and that tax money will be used publicly or into the pockets(I am not accusing its, just that is what the government is portraying this day we cant see who is into justice and injustice)

Increasing those taxes happened because of the situation and I guess, nothing that can be done maybe just filed an appeal or something like that. The government just wants to restore this damaged economy quickly and if they set gambling to raise taxes, that might already be the best option because the increasing number of gamblers keeps the gambling industry on the rise too. that way, I'm sure every gambler will be able to adjust to this new tax because after all, most gamblers realize that gambling is entertainment by spending money and they are ready to play with money ready to spend, right.

Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.

It will be a domino effects, once they suffer from this taxes the owners will implement also this tax to the gamblers  to lessen
the burden to continue getting good amount of profits.

That's the chance that may take place while the government really needs additional money to start recovering, gambling industry
will be ask to cooperate as the government knows that this venue are capable to help.

If they increase the taxes too much, then it will push the gambling industry underground in to the hands of criminal gangs. In the end the government will face a reduction in tax revenue, which is exactly opposite of what they are expecting. To be frank, gambling is not one of the sectors where they can increase the tax rates heavily. The margins are very narrow and even a 1% increase can have serious impact on the volumes. They need to reverse this decision. 

Acknowledgment? The fact that these gambling operators enjoy paying less tax for "several years" is already heaven to them. The gambling industry there is so active even without pandemics but still, the government only imposed a 2% tax on them.

These operators should be thankful that the government barely regulated gambling in that country. The time now to pay back. That tax increase won't hurt the gambling industry there as a whole. Gambling is one of the most performing industries there amid pandemic so not a problem at all if a 3% increase will be imposed.

It's what governments do! Most governments are in a bad financial situation, always short with money (do we even wonder why anymore?), so they look what can they tax! In this specific case it's Argentina and gambling!
I am not against tax and paying, but I would like more things to be done with that money! Maybe I have a weird stand on that, but I live in the country that have taxes on everything, and every year new things get taxed, and some old taxes are higher, it's like the normal thing for me... but what I don't see is that money going to something that will benefit the entire country! Read corruption, over 60% of public debt to GDP, read politicians are getting rich while they help rich to become richer. So I don't have big respect for governments today and their ways to take more money for themselves!
And like always we can't fight with force, or we can?! You either adapt to new things, or you go underground to try to find a way, and we all know how risky that can be!

You are right yet this industry is a multi billion one which means it is indeed profitable and 5% tax isnt really that much high if you do compare it on other countries
which does have much higher tax rate.So i dont really see this as an issue with argentina government on making such step because it isnt really that bad after all
because this is just for the sake of economic development and yet we know on whats the purpose of tax after all.It is really not that surprising
since we are on amidst of pandemic which such increase shouldnt really be complained of.

How is this a good news? LOL

If you only read the OP's post you'll understand that it will cover any gambling and that includes the online gambling and betting. This will be effective in as early as  the 2021 enters, this means that gamblers in Argentina will pay additional 5% for taxes in online and conventional gambling platforms. The only good news I can think of is that people will hesitate to gamble, instead some of them will just use it in more useful way.

it is very cruel if the government imposes a tax on gambling players during this outbreak...
it is no secret if gambling business owners will definitely get a big profit, it is very natural for them to contribute to the state by paying taxes because currently, of course, almost all countries need funds to save their economy as a result of this corona outbreak.

In my country, we have a law that if you win in any contest or betting you have to pay a tax of 25%. this is a perminent law ong before the pandemic. And i still can't understand why there is still such a very stupid law which lead people to use online casinos/platforms and leave forever the classic bets run by regulated companies inside the country.

I hope they will...
The government has seen this potential for helping them to recover from big economic losses. Ain't that a problem if they will fairly ask for it and if this is for the benefit of everyone.

Not only it is because we have this pandemic but still the government will surely impose and collect taxes as it was mandated by the Law. But if we assess the amount that they want to collect, I'd say that it was really big. I think it wasn't a good time to have such an amount as we are still in crisis, it could be acceptable if we are in a normal situation.

I don't see any cruelty on this, every government now in this pandemic badly needs money to sustain their economy, and they will look in every area and every industry where hey can extract revenues, and since online gambling sites are making huge profit from their operation at this point of time, it's just right that they get a slice of the profit, although the additional tax percentage is quite big.

First, is the tax for the gambling industry (home book) or for their citizen who plays gambling?
Actually, 5% is still a small tx percentage of the country for the gambling industry. There are still many countries that give very high taxes on gambling. Moreover, it is up to more than 80%, it is crazy, isn't it?
Like what we can see here:
The Ultimate Guide to Gambling Tax Rates Around the World (https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-world)
The Highest And Lowest Gambling Taxes Around The World (https://www.casino.org/blog/comparing-gambling-taxes-around-the-world/)

However, I know that it is about 5% in Argentina where at first there is exactly tax existed, but maybe it is different because it is for online tax?

I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.

And also, if you are still gambling in this pandemic, it means more or less you can afford to lose your money. Because if you don't have extra money, I don't think you will be gambling the money allotted for your family's needs. So the government is just getting the tax from people who can supposedly afford to gamble in these challenging period. In that way, they can also help other people who badly needs assistance.

But not everyone do afford to lose their money or maybe most of them are trying to find luck and have an easy way to earn, 
thinking that if luck permits them they'll be able to win.

Government is doing this as part or restoring the country, no wonder that every part of the state will be sort and look for any
possibilities to collect funds to finance the needs.

the word "It is Natural" is not appropriate because we all know that they are just Oblige and forced paying taxes so they have no choice but to obey,because if given a chance these people will choose not to pay anything outside of their activities.

Well if asking for taxes is cruelty then the whole world is cruel?because every thing in this world requires taxes unless illegally managed.

 its good because the tax are going for their economy but tax payers should track the economies development if its been developed as promised because if its not well that wasnt good for thet tax payers  .

they dont also need to shut down business because they already taxed them . if they shut them down they are the ones that cant earn tax . increasing the tax too often can be annoying but i think they only increase it because they see that gambling business are now growing online

There is nothing wrong to increase the tax for the gambling activities in the process of giving it or returning back to the community like good services or protection against the abuse the of either from a certain individual with authority in the gambling platform or any form of abuses like those alleged groups that make bad image of the gambling activities. This is a good move for the Argentina government. However, for the gamblers this is not ideal because it will not get the ideal profit they wanted in every winnings.

Gambling is a voluntary habit so I can't say if it's good or bad. Increased tax will lessen the average number of people that gamble. I'm not saying all of them but some will think twice if it's worth gambling with the money they can only afford to play. Addicted gamblers on the other side will always find a way to continue their habit, either they find a different platform with less tax or increase their bankroll if they can afford to do so.

Those who are habitual gamblers, will continue with their trick irrespective of the taxes. Some of them would agree to pay the higher tax rate, resulting in a lower amount of disposable income at their hand. Others may decide to move their gambling activities to illegal casinos and online gambling sites, where they don't have to pay any tax. Eventually, the government will face a declining stream of revenue from the gambling industry.

For me it is depends on your perspective, if you are pro with government then you may agree to their decision to raise the taxes because it is extra income for them in order to increase their yearly budget to have more developments in their country as long as there will be no corruption that will happen. If you are one of the gambling casino owners then this news is not good because it is extra expense wherein your sales will be decrease of the tax. The 5% tax is so big especially for the big casinos out there because we are talking about millions of dollars so it is really not good news for the gambling casinos owners.

I doubt that, I believed there's still a lot of people who will play especially they will be a regulated one. I don't think Government will tax the players directly for what I know they will tax the casino itself not the players.

ya.ya.yo!

Online gambling at traditional or conventional (centralized) casinos is one thing. Online gambling at crypto (decentralized) casinos is another thing. Governments don't have control over gamblers activity at truly decentralized casinos as the users there have their identity preserved, so this 5% tax doesn't apply to them, that is why it will benefit crypto gambling industry. Understood?

There are saying that if "there's a will there's a way" since for sure the gamblers who settle to play and find entertainment on gambling will still play eventhough there are huge taxes beneath on their plays but I doubt they will compensate the gamblers since for sure they cannot control those people who come in and come out on certain casinos especially on online. Provably this will be given to the casino and this is a good move from government since for this implementation they can get additional funds for further developments of the country.

Yes, people don't want to pay extra taxes because they think that they already pay the taxes as usual. If the government still pushing them to pay more taxes, maybe that will attract demonstration from the people because people will think that more taxes will make them suffers in this situation. Maybe the government needs to be wise this time, and maybe the government can discuss with people, so they don't rush in applied the extra taxes.

This is gambling tax, come on, people barely don't care about it, and people will not complain.

When we say people it should be majority of them, not the people who are running the casino business, this is just right and I think it's better than banning casinos at all when both sides would not benefit from it.

The gambling operators in Argentina will understand this, because of the pandemic they know that the government needs money, and they are one industry that is making a big profit in the midst of the pandemic, they should give favor to the government time will come that the government will return the favor, it's a win-win situation for both of them.

Since the Argentina knows that the population of gamblers on their country is getting higher then the tax raising for gambling is not surprising. Every one who has a goal to earn a lot of things will do anything to earn how much they want but they must make sure that they won't be having a factor that can stop their earnings just like what Argentina does, since they raise the tax then people may get disappointed and stop gambling or go to other country to gamble.

This will surely force some small platforms to shut down some of their official channels and go the underground route, which is an inviting avenue for gamblers to play since it is unregulated, and some ballsy bets not possible on official, legal ones can be made for as long as the gambling house can pay it. The sudden increase in taxes on gambling entities without the government doing anything to better the industry is a punch in the gut, and trying to justify it with helping the province's isn't going to cut it. As they say, the road to hell is always paved with good intentions, so idk about the government's reasoning behind imposing more taxes on an industry they never lend a hand on.

I support regulation but the higher the taxes the worse for the business.

Argentina is in a desperate situation with a high inflation currency. The government is desperate to try get more money while it keeps spending way more than it can raise in taxes.

Due the regulation casinos will earn less, people will lose more and the government will get some money but at a expense of a declining business as a result.

Are you kidding? It is the tax for gambling companies and if you will read the second article from your post then you will understand it. This is a quote from it:

---

If it is immoral, why are you promoting Bitvest casino in your signature space and (oh, no!) profiting from the casino?

As a third world country Argentina is facing something usual since the advent of the corona-virus pandemic, they are among the worst hit by this virus and their economy has been devastated, what do you want them do to raise their revenue generation?. If this will on the interest of the citizens, then, so be it and everyone should accept this action from the government in good fate.

This plan was likely to be on the officials radar for very long time and now it seems the perfect time to increase the taxes on entertainment industry so that gambling also falls into that category so they can convince the people that this is just the action to tackle the post covid situations. Increasing the taxes can be win win situation if the money used for the betterment of the country and the industry itself or else people may go with dark side gambling area.

As if they have other option right? They are doing everything that they know in order 
produce something to help their economy, they've been hit by this virus and finding
every possible ways that includes businesses that still existing even this pandemic is
ongoing, the government is doing all legal actions to gather money to help
the entire country.

I understand that they are facing shortage of funds. But the solution for that is not to increase the taxes left, right and center. First of all, all the socialist regimes in Latin America needs to cut down their welfare spending. Under such market conditions, handing out freebies without any limit is not viable. And secondly, they should try to reduce corruption among the government officials and the bureaucrats, which is the real reason for the shortage of funds in the first place.

There is no need to help gambling related service cause they make tons of money, just plain and simple. Despite the fact that I am into gambling and have experience in this field, I think that it's good. People will still gamble, the casino will still profit but the positive thing that will happen is that more money will go into the budget. It will be positive if this money is used for people and not for making elite people richer. So, what happens there? People gamble, some win - some lose, in most cases - lose because games are mathematically designed like that, so, some people have much money - some less, much will give away money to casino and casino will bring more money to the government and this last one will spend this money on people in overall (If the government is good).

We can whine but theres no such thing for them to stop even if you do know that corruption in government and others do really happen behind.If you cant show off some proofs then theres no point on
that kind of accusation but truly its really happening.

About on increasing tax then you do think with other solution? Even though some governments are corrupt but doesnt mean that all would be the same place
or make some generalization.

Adding some tax on gambling businesses isnt really a bad idea yet 5% isnt really that a huge bump.

Taxation is the income for the government. Each and every country have its own way of taxation policy. Argentina being a country well known for lots and lots of sports activities have got more gambling platforms function fulfilling all the legal procedures. The government might've found the need of rise in the gambling tax as the houses make promised edge on every game.

It is good for them if it will be regulated,

But I am worried about the small companies/platforms, unlike big companies who have enough gamblers. But all in all, this will be good for the sake of the country and their plans to improve the financial situation since the whole world is having a hard time aiding this problem.

Well, the Argentinian government has their reasons for increasing the gambling tax and one of these could be the economic recession they experienced due to the pandemic and in order to recover, -- they consider to do it in gambling instead of increasing the tax on the basic necessities of the citizens which could lead to a higher price in the commodities. However, an increase in gambling tax will cause a lot of consequences it could lead to illegal gambling where small-time casinos would continue to operate illegally or without a license, and gambling activity can become more accessible to everyone including the minors since no law nor regulations shall need to abide if they operate outlawed.

Interesting that they focused the increase on online-betting platforms.

Maybe the impact of COVID-19 has shifted (more like compelled) most gamblers in the online platform, that is why the Government wants to take advantage on the increase of tax. Though additional tax may be additional expenses for the user, this would rather, serve as additional revenue for the Government that can be allocated to their priorities.


I think that before the implementation of the tax increase, the Government considered the impact on the small/companies and platforms. Maybe the positive impact it brings as a whole outweigh the negative impact on the small-scale industries on the long run.

This plan of their government won't put their people into big problems with respect to taxations, because it became as an alternative for them to fast economic recovery. With tax implementation on gambling they're also sighting over the small gambling operators with definite bracket depending on their taxable income. So nothing to worry all about, things will be saturated since it was just starting over.

I know this decision will affect the gamblers that use Argentina gambling site or from there but the Argentine need the fund since the country economy was said to be going from bad to worse and the best way for to fix the issue is to increase the tax of the successful company or individual.

Nowadays People are getting encouraged for gambling in many ways. Getting more traffic than the previous year, so the government wants to use this sector as the economy is struggling due to pandemic issues. For raising gambling taxes, there have positive and negative sides. But we can think of it as positive aspects that the government will work for the people and the revenue will be distributed to people's lives.

If we are not in a pandemic and Argentina's economy is doing great, and they increase online gambling tax by that percentage we can call that unfair, and not right. But Argentina is one of the worst-hit by the pandemic, and they need all the money they can get to sustain the economy and give help to heir people, and online gambling is one of the industries that can help, so we should look at gambling sites coming to the rescue of their economy.
Maybe after this pandemic is over they can reduce the tax again when everything is back to normal.

One of the most attractive areas in argentina for gambling operators but now online gambling is severely restricted in the country and some time ago and in general was banned illegal casinos online can play on foreign websites although it is considered illegal. Despite the ban many online companies continue to accept players giving them the opportunity to play cricketers argentina has increased its gambling tax because it is legally recognized the government's economy has been hit hard by the epidemic. The trend of online gambling has increased a lot in the epidemic that is why the government is trying to improve the economy by legalizing gambling and levying taxes.

Obviously, because of the pandemic, every government need money now, os instead of selling some of their assets or making a loan the taxes is one of their best way to get more funds into the coffer to sustain their needs, all counties are facing a dilemma on how to address various needs of their people in this pandemic, because it depletes a country's coffer.

No one is having any doubt regarding the precarious pandemic situation in Argentina (or for that matter any other country). But the question is whether this was the right approach or not. The casinos are also not doing that great. At this point, if they increase the taxes, then it can destroy them. And if there are no casinos, then instead of an increased tax, the government will be receiving zero taxes.

Actually this is not about How is casino doing now but what is casino having before the pandemic,They bag too much income with small tax on their heads so i think it is not that much if the government will at least ask for another small adjustment and consider this tax as Helping hands for the victim of pandemic.
Remember in normal days when the virus is gone,they can easily recover on the situation but those victims?they will take years before having another new life.

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country. Many gambler find it difficult to gamble, to their satisfaction just because they don't have much money to gamble, for them to make more money from the gambling center. Many Argentina gambler will now reduce their gambling habit in the country because of the high fees the government has imposed to them in the country.
I think it will not work this year 2020, because the year just remain few weeks to end the year 2020 which the government will want the tax to start working from first week of next year to allow more gambler to save more money from their gambling.

only if the gambler has already recovered from the pandemic but what if not yet ? people like them that have problems are usually finding thier comfort in gambling but if they knew these news about increased taxed , what are they going to do now ? the government ask for thier peoplr to help the broken economy but didnt they know that people are also broken ? but im against to those who gamble for money or they treat gambling as a job and not as a game , those rule can be helpful for them to discourage to gamble

Then that's a good thing to sort out this people who can't even afford to have a decent meal every single day and yet they are playing gambling that cause poverty to soar more. The only ones that will remains are those elite people who have plenty of money that can afford the tax, because those people gives so much benefits on a casino that helps the Government by the taxes they'll get on those casinos. It's a win-win situation for the Government hitting two birds in one stone.

Because imagine, in this time of pandemic, normal people shouldn't play gambling because they must prioritize their needs instead of giving themselves much more problem aside from pandemic itself.

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.
 

Even if that is just for small money, that can make people feel not good because they really need money in this pandemic while many of them are lost their job before. I hope that the government can think about other ways that will give more load to their people. Giving them a loan will not be a good solution because they need to think about what business they need to make and how they can make money. But maybe that can work for some people who want to try, but if they can not pay the loan, I think the government can give relief to them, so they don't feel it is hard.

Not sure what he means about recovering due pandemic, online gambling did not stop even the pandemic is widely active,
gamblers still find time to continue playing and betting.

Taxes are the blood life of the country with how the pandemic affects the entire country government needs to find sources
where they can collect more and use to rebuild the economy.

To me it looks like because of the pandemic and the fact that people now mostly gamble online they are losing most of their usual tax revenue and that's the reason for the sudden increase and it was not a small increase either and it was more than doubled, I would say there's no problem if it was just a temporary rule till the pandemic is over and everything back to normal but since I know it's not I'd say that's not very good specially if the gambler has to pay all that 5%+house edge which looks like is the case here.

If you are one of the compulsive gamblers then it doesn't matter even though the gambling taxes are continuing to go up because for sure that you will continue playing gambling. In my country the lottery has tax of 20% which means that if you win $1,000,000; the $200,0000 will go to the government. Imagine adding 5% in tax is too big and it can affect a lot of gambling decisions. I do not know if the government of the Argentina did a right thing but for sure there will be effect on it wherein, they can have more money to use in order to rebuild their economy and to fully recovered because of the current pandemic.

The pandemic really caused huge damage to the economy and they are probably trying to recover and by increasing the tax for online casinos. I don't think there's a chance that this law will be just temporary. Gamblers may complain about it but once it's already implemented, they have no choice but to accept it, unless they will stop gambling if they don't want to pay 5% tax. But I doubt that gamblers would stop gambling just because of a tax increase.

If this increase will not affect the gambling owners that much then it is good especially if the tax will be use correctly and it can reach to the said target like the provinces of Argetina.

The only problem to it is when the casino owners will decide to throw some of this taxes to it's players which is not good. Let's just see whether this actionwill create a big impact to the gambling industry in Argentina like a decrease in revenue and etc.

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

I guess he's not fully aware that every gambling site teams operate remotely and they all offer their services round the clock to people which is the reason why we see interest in crypto gambling site on the forum.

Absolutely and this is the reason why I'm not against the improvement of gambling site tax in Argentina.

I think you dont read the OP statement because the gambling which tax was increased are online gambling and I dont see any reason their switch to cryptocurrency is a solution to that but it will increase their income and traffic.

This is never a good decision buddy and the result after may lead to the collapse of business.

People impressions despite the fact that after Maradona hanged hanged up his boots, he changed to social and political activism. I was surprised someone will somehow correlate the issue of online gambling site tax advancement with the death of Maradona when such things didnt happen when the country Former President died.

Some strong momentum will be connected by media, so that the news will be confused in reality. Maradona the legend has absolutely nothing to do with gambling, even his death as a football legend not a gambling legend was clearly very different I think positively maybe the increased tax will be more useful later for advancement of the gambling industry as well ;D

Advancement if it's run by the government, but sense these are private institutions, so there's no relation to that, the government raises tax is just to increase their revenue, that's it, and if we are talking of advancement, it should be outside in gambling industry.

Yes they can move in cryptocurrency based gambling site, from here government has nothing to do to increase the taxes due to the fact that government has no control in crypto. Which in fact many gambling sites today were now i guess can already figured out the importance of using cryptocurrency as a base payments or payouts to their player. Can't resist the fact that due to pandemic, economic growth goes down and no other source of resource fund but the taxes that's why they taking the advantage of adding taxes.

Do they evaluate this kind of tax implementation through adding taxes was based on a standard business taxable income? If not I guess that's not fair to a gambling institution, since they're also into competition with other business who's running gambling. Though gambling using cryptocurrency currency was in demand by most online players, they shouldn't take advantage of that specially during a situation of pandemic.

I am sure the government already study of what is happening to their country, so if they want to add more taxes, they will calculate or simulate everything necessary. They have experts that can evaluate, calculate or other things that could happen during the implementations. Even if we think it is not fair for them, the business owner tries to obey what the government wants, and if they object to the tax implementation, they can ask to get relief.

Perhaps, that is what the offline business, including the gambling business, can do regarding the additional taxes that will apply in their country. The government will try to be fair for all business owners because they helped the country run by paying taxes.

It clearly that the Argentine government increase online gambling site tax just to increase their revenue but i dont see it later useful for the gambling industry because the taxt purpose was to be used for the development of the country and I never see any government that uses so tax for the development gambling industry when there's nothing to be developed as i believe.e

Yeah we are just making our opinion here but the truth is the Argentina Government had their own reason and idea why putting this,for sur that they will not Let gambling business to Be losing ,so there are some points that the government knows the gambling operator can afford this increase.
Exactly that is what the government do.Without favoring any sort of business instead they Do analyze which can afford this and which cannot.
So the percentage of added taxes is depend in what business is this.

Raising taxes can never be good for the economy. It will result in tax evasion, reduced economic activity and capital flight. And in the long term, it can result in an increase in unemployment and crime. For the politicians, it is always very easy to increase the tax rates. But in most cases they don't think about the negative consequences, which can result from this move.   

I think while they are increasing the taxes for all legal gambling  in their country Better Find and Hunt the illegal operators because those are the reason why legal gamblers Lose some players.
And those operators are the one who must be Adding funds for this Corona Year.

Imagine how much money are they bagging while paying nothing to the government?(though maybe under the table to some Corrupt authorities)

surely there are many illegal gambling operators who do not want to contribute to paying taxes to their state and they must be punished.  In the "PANDEMIC" era, raising taxes is only a solution that the government has found to help boost the country's economy, Argentina has an active gambler and it is very natural for gambling business owners to pay more taxes during this "PANDEMIC" period.  The good thing that is received when the gambling tax is applied is the convenience and safety of gamblers' funds, which is definitely protected by the state..

This tax increase is specific only to gambling. This can give a good outcome to the economy since we all know that there is a lot of money circulating in gambling. There will be no problems that might occur in the future such as unemployment, tax evasion, or reduced the economic activity as the main goal of this tax increase is in gambling.

Tax evasion sounds fun when you first think about it, your profits are higher and you don't have to follow any government regukayion
But there is more to this than that. Paying taxes also gives you a lot of positive things. Imagine there is a dispute between the gambler and the casino. They can't call the police or involve lawyers since the business is illegal. Things become very shady when you operate illegally since someone else has to offer protection if not the police and government. This third party will likely demand a compensation as well.

That's operating in a dirty way and you can't protect your business in the long run as no illegal operation that would last. Getting a license is the best thing to do if you as an operator wants to sleep well every night, just follow the regulatory requirement, pay the right taxes and the future of the business will be crystal clear.

This is a good example to this. Being honest to tax payment is better because you can make formal complain if things go wrong and you can get help as you are entitled to it but if you don't do the legal obligation of paying tax, you can't be assisted .

This is why making a move to raise gambling tax could also give a big help both the company and the player rather than making it illegal. When a person afford to gamble during this pandemic it means he's willing to pay and understood the situation. And can afford in terms of financial status, just like in our country the government impose a high percent of tax though it helps to earn revenue of the government.

Most probably taxes are increased because of the pandemic and government need more funds to run the economy. Most of the governments are providing free treatments for covid19 and therefore they need to increase the tax in various other fields such as gambling industry. I think people should comply to their laws and accept these changes in the tax.

It is true that the government never help gambling industrym however, by accepting it, at least they are not as strict and obsolete like other countries. Gambling is indeed bad to many people and places because people are addicted to it. But as long as you continue to prohibit it, it only causes trouble.

In my opinion, raising tax is a good move since it will help Argentina to develop a lot. Government uses tax to improve living standard and build living property. This is useful for their citizens

I do not think this will be a problem for physical casino owners, but how correct is it to make such a decision during a pandemic? Of course, physical casinos will continue to make more money than we think, as people who love gambling do not completely take it out of their lives.

Yes, the government have no control over cryptocurrency due to its decentralization but they can completely control both online and offline gambling sites that operate within there region with the inclusion crypto integration gambling site except the crypto that is done through privacy coins. However, operating against the rules and regulations of the country will only lead to disasters and there's nothing bad in the wealthy citizens with good earning business helping the country through their tax payment.

First of all, the pandemic situation didn't affect the online cryptocurrency gambling site and the last time i vhecked it only boost the business and with a country like Argentina where 98% of their people are sports enthusiasts competition within the gambling company won't affect every gambling site. However, the tax was increased from 2% to 5% because the country needs fund and the gambling industry was not regulated before and some gambling used it to their advantage.
Meanwhile, the man in charge of the tax increase stated the fund will be used to help the country especially the province where the gambling site operated in other to create more jobs and opportunities.

But I bet casinos won’t be much affected by these changes, Casinos are income generating businesses no matter what rates of taxes are implemented by the government they can still meet those type of obligations without disrupting their operation. Casinos play vital role in some developing countries I think government won’t be harsh to them most especially to those regulated one’s.

All nations should have a very very high rate for gambling taxes, as much as 90% tax rate on the gains you take out of the business. That is the part I hate, if a company gives a salary, if they give shares, if they just basically take money out of the company for any reason, there should be a high tax rate for it after a certain amount for the company as well.

Normally it seems like when you pay a salary of 250k to worker, but the worker gets only 150k of it, company says we paid and only the worker loses. However if you make it like worker gets whatever offered and the tax is paid by the company, the world would have been a much better place.

Worker should not be even offered the amount with tax on it, whatever you tell worker gets will be what they see in their account, the company should pay all the taxes, and higher the salary the crazier it will get, with 1+ million salaries should be 90% for taxes.

And even after you get all of that it would have been for nothing if you do not have control of your emotions and just when you need it the most you do not apply those techniques whether because you are afraid or because you are too greedy, this is one of the many reasons why trading is so hard for people to understand and to profit from, they know what they need to do but when the times comes they decide to not do it even if their system tells them that is the right move and as long as people keep that mentality they will never become successful traders.

Of course, actually it's easy for casinos to understate their income because some gamblers paid in cash and since the casino has their own system, they can just easily manipulate that to minimize the tax they are paying, with this increase of taxes, it will not affect them so it's not a big issue. It's not an implementation that will make casino business stop, they will never stop as they are constantly making money.

  Its smarter to tax then to ban and 5% still seems reasonable so long as it works both ways and the government provides benefits to operators in some way.   Gambling along with a few other industries are valuable in being outside the normal business cycle.   Argentina from what Ive heard has problems with currency stability which makes the BTC betting highly valid as it hedges the currency failure also so its also making it harder to tax revenue I suppose as the business is then more global.   Im not a fan of various restrictive practices on business as they must always stay competitive worldwide to gain trade and just locking people into the local economy is contrary to that.

Yeah! that's true those big companies already spent millions on their platform and the raise in tax doesn't really matter to them. in fact, it would make them happy because those small gambling businesses will soon close and they will have fewer competitors in the long run. Of course, the government will benefit to this new law and with their current economic situation, these changes really help a lot.

The casino owners will continue to make money but now they will have to pay more taxes. This means that it will cut down their profits by some margin.
Although it may not hurt them much, but still if they make a lot of money through gambling, they will have to pay taxes in those proportions also.

Maybe that is right, but I am sure that the casino will still be profitable, even if they still need to pay additional taxes. But in this pandemic, the government shouldn't apply more taxes for the casino because it still suffers from the pandemic. Maybe the government will create a regulation about taxes, which will not make the casino feel hard to follow the regulations regarding this situation. I am sure that there will be a win-win solution between the government and the casino, so both sides, the government can still get the taxes, and the casino can still profit. I think the government will not focus on the taxes as a crucial matter that needs to be done because they still think about the virus and how they can get the vaccine as soon as possible.

Rules are Rules and Government can do whatever they thing that will Help the country,Sometimes there are sacrificial but this is for the sake of Majority.
I believe that Argentina Government is Desperate in Finding Funds for the Fight against corona so this taxation comes to progress.
But if we will Look in Brighter side?
We gamblers are also contributing on this by Playing and adding revenue to the gambling site and to the government also.

Policymakers simply never take into account enforceability when they put in place these laws.

Any jurisdiction can start taxing 5% on all gambling transactions. The reason that they don't do this is not that they are content with forgoing revenue, but rather the simple fact that they know it's not feasible to collect revenue.

Especially with a ton of unregulated online casinos around that have a great reputation, this can be easily circumvented. Consumers when presented with a choice of casinos with identical odds/house edge, but one with a 5% tax on it because it is regulated, will invariably go to the unregulated establishment.

Argentina needs to think long and hard about this, but I doubt these bureaucrats will come to their senses any time soon.

The Argentine authorities are trying to reduce the economic decline caused by quarantine due to the difficult situation with COVID. But instead of doing so at the expense of the state, they are doing so at the expense of their citizens, increasing the cost of gasoline, cigarettes and other important products. I am not at all surprised by the increase in the tax on gembling.

And high likely that  a large part of their collection will go to their corrupt officials. We know, the corruption is also rampant in their government so it will not be a surprise if large portion will go to the pockets of these officials. It is ok to raise gambling tax as long as it is used appropriately but here, I doubt they will be honest about their collection.

Most countries, not only Argentina, are raising their taxes that every country worldwide is also raising their taxes to dampen economic growth and inflation pressure. It is why the government in Argentina has started to raise gambling taxes because they could collect nearly billions of dollars in revenue in gambling instead of accumulating taxes on goods and other important products.

The government wouldn't implement the rules and regulations if they didn't conduct any research or study with it and for sure they wouldn't implement an specific laws if they know that it will harmly affect their residents. I guess adding the tax to the gambling businesses or gambling play wasn't that bad enough if they have already a good project implementation of where they would going to use the tax collected.

I think they increased tax because one who can afford gambling even after covid-19 has excessive money and government would love to take some ;D.

Crypto gambling like you mentioned is so easy to avoid taxes and there are guys winning 1-2 BTC daily but no one asks them who they are and if they are paying taxes because the casinos don't care as long as they are losing and winning and not cheating in any ways.

There is no way the government can impose taxes on crypto gambling because neither they can control the house nor the players because everything happens anonymously.

I think they badly need money, Argentina has one of the worse CoVid case and they want money and need money and they will get it in any industry that makes a profit in times of pandemic and online gambling is one of the industry that making huge profit from lock down, because people are at home and had a lot of time to play.

Who does not need money in the present time, we are all affected with the pandemic, even the richest country have struggled economically. Argentina is just raising their taxes on casinos, but they are already allow them to operate so they already know that gambling taxes is a big source for tax income and they also know that even if they will raised the tax, it will not affect the industry a lot compared to other industries.

This is not the time to raise taxes, unless you want the businesses to go bankrupt. Casinos and other businesses have seen a disproportionate decline in their revenues. Many of the small and medium sized casinos have closed down, unable to pay the wages to their employees. At this time, it is ironic that the government is going ahead with a tax increase. Sometimes I think that these Latin American politicians use some organ other than brain to make the decisions.

Very unfortunate how the government isn't looking at those instances instead of focusing on milking from gambling instituitons. I'm not sure if they are desperate to think that way or the purpose to stop people from gambling.
I understand that they have a reason for asking for taxes but that was not favorable in today's situation. Though gambling institutions won't agree but that was already been exercised and they are obliged to pay otherwise, they can no longer operate.

They would always have that kind of option because they do know that gambling businesses does generate more income than with other industries so its no brainer
that they will really be having this first option before anything else and such increase doesnt always signify that they are trying  to limit out their citizens gambling
activity but rather they do aim for the tax itself which would really be implied into those typical sectors.What matter most here is on how they do make use of
those taxes in a good or effective way.Gambling business owners will suffer but to expect this will be passed up into their users partially.

Your post is quite perplexing. Obviously some of the casinos are being owned by billionaires such as Sheldon Adelson and Lui Che Woo. But a majority of them are small to medium sized businesses. In the United States for example, there are small casinos run by various native American reservations. And an increase in tax level is more likely to have an impact on these smaller casinos rather than the larger ones.

I think it is exaggerated to Say that Every country Worldwide Because So far In my country There are no News of The government is Increasing the Taxation in a certain thing,Or maybe our government don't wanna have it now but for sure there is a concrete plan after this pandemic because the true problem is not the Covid itself instead it is the effect after Its Gone.
If how much damage it brings and How can each country recovers from this.

Awts! seems you nailed it if we speak about realities, this pandemic hits every businesses, though online casinos able to manage but the volumes of money is no longer the same compared to normal situation.

This is not the time but government are only seeking for resources where they can resort for extra money to use, hard for  everyone but if it's already been approved nothing that they can do to refuse.

Government has no other option but to raise taxes in order to increase their revenue, they are bailing out people affected and that is coming from their budget, and I don't think government would increase taxes without consider all the necessary factors before making a decision.

But the government can raise their taxes step by step, so people are not worried if they can not pay the taxes. It will need wisdom from the government to think about their people, so their people can still pay the taxes, and people will not make an objection with the new regulation from the government. I think if there is a discussion between the government and the people, the problem will be solved, and their people could still pay the taxes.

Government and its people won't agree to one thing if it's all about taxes. Not all have the same way of earning their money but all of them should pay the same amount of taxes. If you earn more than enough then I think you won't bother if they increase the tax but if you only earn enough or even less then you would oppose the government.

In my opinion, a few things that make people reluctant to pay taxes are because these taxes are not used 100% according to the target. So that many people become disappointed, and feel that it is useless for them to have to pay taxes which is likely to be corrupted by unscrupulous powerful people. Whereas taxes should be used by the government to fund projects and public services.

Maybe if the target of the tax collection is 100% used properly, then many people would willingly pay taxes, especially if the goal is to help the Covid problem.

This might not do good because people does not have confidence to the government, there will be chaos if people does not trust the government and they will always contradict whatever the government plans and decision or implementations. If we look at the purpose, it's simple, to generate more income so the government can use it for any public projects and improvements, hard to argue with them if we don't have a proof.

This issue need understanding from both parties involve. The gambling platforms in Argentina once made profits for their platforms and the government now said they should pay more tax than what they did paid before, this imply that, their profits won't be as large as the former, but yet will still make profit and not loss.  The important of this to the government of the Argentina's is that, their economy will boost through which will equally help the gambling platforms to generate more profits.

What the government did is just normal because a lot of citizens are affected because of the pandemic and their government need to have extra funds in order to help those affected. The funds of the government are from the taxpayers and the number of the gamblers who are paying tax in Argentina is huge and the 5% increase is a big help for them to increase the funds. For gamblers like me, I do not know if I will got affected if the government in my country decide to increase the gambling tax like what Argentina did. For me it is all about passion and gaining fun, I will not be got affected so much if our government will also increase the gambling tax into 5%.

Why would people pay for the taxes? it's the gambling operators that will pay taxes to the government, people are already losing money to these gambling operators, so that's even bigger than paying taxes, I don't get your point.

I agree, they should not impose the taxes to their users, they are making a lot of money, from their clients, they are the one should take the burden of the taxes, gambling sites are not selling products so they cannot add the taxes to their products.
The taxes that the government is imposing is for them to have a support coming from the government.

Well, I never said profiting from safe/responsible/good bets is immoral. I am specifically referring to profiting from betting sites/centers that allow customers to take big risk (gamble) or those that allow customers to bet irresponsibly/unsafely. Please do you see anything irresponsible and unsafe about the company I promote?

That's why I was confuse because some were thinking that it's the users who are paying the taxes when in reality, users are the one spending money to make the casinos profitable. Maybe there are countries who are really strict with imposing taxes, like if you won money in casinos, your winning is taxable, but that one is quite complicated to me.