Bitcoin Forum

Economy => Gambling discussion => Topic started by: fiulpro on December 07, 2020, 11:39:02 AM



Title: Japan becomes more friendly towards Gambling
Post by: fiulpro on December 07, 2020, 11:39:02 AM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?


Title: Re: Japan becomes more friendly towards Gambling
Post by: winrate.io on December 07, 2020, 11:42:01 AM
I don't know if I could call more gambling "benefiting" more countries since gambling is pretty toxic :D

But yes, it could definitely open up for more gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: avikz on December 07, 2020, 11:48:29 AM
It's more of a trick to attract foreign travelers into the gambling industry within Japan. It wouldn't benefit the gambling industry in general apart from some additional footfall from the foreign nationals. Also considering that Japan has already legalized bitcoin, it might also benefit cryptocurrency a little. But I personally don't think it ia a major reform!

But yes, let's wait for the full announcement and I hope someone will be kind enought to provide us with a little summary of the announcement in English!


Title: Re: Japan becomes more friendly towards Gambling
Post by: Wexnident on December 07, 2020, 11:49:35 AM
Them taking this outlook in gambling itself just means that they finally acknowledge gambling is just a form of entertainment. They're basically asking for other countries to liven up the traffic of their gambling industry which is nice imo. Add on to that how Japan could honestly be considered the land of gacha, this is quite a positive outlook imo. Benefiting other countries though? I don't think so. It is still an industry aiming to profit for their own country, and again as I said, is just them asking us foreigners to fill up the traffic of their gambling business. I don't particularly know about their situation though, but I doubt it's a negative one? Just the concept of gacha itself is gambling and seeing as a lot of people from their country are quite the gacha players, I don't think gambling would be that shunned.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Fundamentals Of on December 07, 2020, 12:23:30 PM
There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Mauser on December 07, 2020, 12:57:27 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?

This great news. I would love to see gambling being allowed in every country. In my opinion government's should support their citizen who want to gamble instead of making it illegal. Honestly I always thought Japan was already very open towards gambling. I remember when being in Tokyo they had these huge casinos all around the city center where you could play with some small metal balls it was similar to a spot machine but using balls instead of money to put in the machines. It was so loud in these places.


Title: Re: Japan becomes more friendly towards Gambling
Post by: FlightyPouch on December 07, 2020, 01:05:24 PM
Well, that is good news. I don't know if that would help the country in terms of Tourism but I don't think it can be a reason for someone to go to Japan as usually most people go there for other reasons like Anime, parks, and relaxation. As far as I know, there are a lot of casinos there but as I've said, I don't know if that would actually help the country or other country as well.


Title: Re: Japan becomes more friendly towards Gambling
Post by: swogerino on December 07, 2020, 01:24:57 PM
That can be good to small number of persons,more precisely to foreigners living there who may want to gamble.This is not a massive reform by any means but it can be good locally for Japan.Nowadays a lot of governments because of Covid come up with all sort of new tax reforms so in this point a view this is a good move from the Japanese government.


Title: Re: Japan becomes more friendly towards Gambling
Post by: plvbob0070 on December 07, 2020, 01:42:25 PM
I'm not really familiar with the gambling policies in Japan but aside from attracting attention to the gambling industry, this can also bring a positive impact on their tourism since foreigners could use this as an opportunity to gamble in Japan without having to pay tax when they win. 

Would things like this benefit other countries too?

If other countries would follow this, there's no guarantee that they will also benefit since it still depends on how they are going to promote gambling to attract foreign customers. But we still have to see how this tax reform will benefit Japan.


Title: Re: Japan becomes more friendly towards Gambling
Post by: crzy on December 07, 2020, 01:48:37 PM
If they offer good casinos services, then tourist will come and play the game just like on Las Vegas and Macau. Well, they might lose much money for cutting off the taxes, I'm sure other industry will boom which is taxable. Gambling is fun we cannot deny this one but if you lose money and you still have to pay taxes, then I guess this is a different story. Japan is great country with a great culture, I'm sure they have better plans ahead but for now this is good for the gamblers and tourist.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Viscore on December 07, 2020, 02:10:27 PM
They are already in gambling before and this is not new to everyone since online gambling and casinos have been spread globally. It's a money maker and can't neglect that opportunity.

https://www.wsj.com/articles/japan-legalizes-casino-gambling-1532089986

What they are doing now is just to show globally that they are still not left from gambling. They want also their people to enjoy their life going to casinos or gambling online. And maybe, we got surprised that they are also imposing huge taxes on the owners if they saw things similar to the other countries that are increasing taxes.


Title: Re: Japan becomes more friendly towards Gambling
Post by: fiulpro on December 07, 2020, 02:31:22 PM
I don't know if I could call more gambling "benefiting" more countries since gambling is pretty toxic :D

But yes, it could definitely open up for more gambling.
Well I do believe that it actu I depends on the people who are getting involved with it there is something called ** gambling responsibly** which can not only be a leisure sports but can also help in the long run , the taxes from the gambling industry runs in millions and mostly governmental bodies are getting benefited during the COVID now.

It's more of a trick to attract foreign travelers into the gambling industry within Japan. It wouldn't benefit the gambling industry in general apart from some additional footfall from the foreign nationals. Also considering that Japan has already legalized bitcoin, it might also benefit cryptocurrency a little. But I personally don't think it ia a major reform!

But yes, let's wait for the full announcement and I hope someone will be kind enought to provide us with a little summary of the announcement in English!

Well first of all since bitcoin is legal and they have now made gambling more lenient and are not asking for taxes from foreigners I do believe that this would mean crypto gambling will flourish in japan , which inturn could mean that other nations in good terms with japan can try and make sure they make such reforms too if in the future the government sees good effects from this decision. Plus most news can be translated from Japanese to English in your mobiles only so that will work.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Lavander on December 07, 2020, 02:57:13 PM
Wow what a great news, I was planning to go in Japan maybe after the Covid I hope they would successfully implement it I wanted to play on Japan's casino. I was not really familiar with local casinos does the casino prohibits foreigners to play?


Title: Re: Japan becomes more friendly towards Gambling
Post by: kotajikikox on December 07, 2020, 03:06:34 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?
gambler will still gamble even how much is tax implemented because that will be deducted on their winnings meaning if they loss(that happens everytime ) they wont need to Pay for gambling taxes just for their work or business tax are the obligation.

But also this will Generate visiting tourist to gamble with that tax adjustments .
Wow what a great news, I was planning to go in Japan maybe after the Covid I hope they would successfully implement it I wanted to play on Japan's casino. I was not really familiar with local casinos does the casino prohibits foreigners to play?
I am not familiar of japan is also one of those country the prohibit  Tourist to play but i know that only few countries has that law and i believe that japan is not one of those.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Casdinyard on December 07, 2020, 03:06:45 PM
Gambling is just in contrast with societal norms. But governments will make a way in order to make use of something which cannot be stopped or totally controlled. In my country, there's this sin tax to regulate those things. This is applicable to vices such as cigarettes, alcoholic beverages and gambling. Once something is regulated, tax will be imposed in order for such activity to be allowed. So that's more likely what happened to gambling industry in Japan. The question should now be concerned on the rate of tax to be imposed in this activity whether it would be too high for the gamblers or just fair enough for this activity to continue.


Title: Re: Japan becomes more friendly towards Gambling
Post by: dimonstration on December 07, 2020, 03:24:41 PM
There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.
They probably already think of it before implementing it, gambling may already happening in Japan though not that big and loud but and seems contralable so they are confident that they will be able to handle it when they allows it legally. Japan is good in implementing rules and their people is quite disciplined enough, hopefully they will not be exposed in alot oglf gambling problems.


Title: Re: Japan becomes more friendly towards Gambling
Post by: ecnalubma on December 07, 2020, 03:46:00 PM
This is good for their economy the intent really is to attract foreign players, this could boost the gambling businesses running in their country at the same time the government will be much beneficial from this implementation. This government move could also attract more investors to put up casinos in japan.


Title: Re: Japan becomes more friendly towards Gambling
Post by: bunglor on December 07, 2020, 03:58:21 PM
yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: sunsilk on December 07, 2020, 04:09:25 PM
I've watched a day in the life of a casino operator in Japan. And I see that there really are a lot of Japanese gamblers but if that means that they're "more" friendly this time. Those reforms might be favorable to them.

It may not be seen from another perspective but I think that it's also part of their culture to spend a day or a lot of time in a casino. But that's for the physical casinos, I don't know about online casinos if they're also friendly.


Title: Re: Japan becomes more friendly towards Gambling
Post by: ice098 on December 07, 2020, 04:12:34 PM
In each country, gambling is always there, from small-time lottery to casinos, each of them only differs in the amount of taxes, if foreigners are allowed to play and many more, it just happens that Japan has become more open to it now and many opportunities will be open, it can create more job to a  country that can help their economy by using their taxes, but I think, it cannot really affects other country, like us every country has their perspective , has their own decision and their own plan towards gambling, they can be as open as Japan or "friendly"  or maybe they cannot.


Title: Re: Japan becomes more friendly towards Gambling
Post by: k@suy on December 07, 2020, 04:37:58 PM
In each country, gambling is always there, from small-time lottery to casinos, each of them only differs in the amount of taxes, if foreigners are allowed to play and many more, it just happens that Japan has become more open to it now and many opportunities will be open, it can create more job to a  country that can help their economy by using their taxes, but I think, it cannot really affects other country, like us every country has their perspective , has their own decision and their own plan towards gambling, they can be as open as Japan or "friendly"  or maybe they cannot.
If I will be asked, I think they are friendly towards gambling since then because based on what I have observed, one of the favorite past time of the Japanese people in Japan is playing gambling games aside from drinking beer, sing along in the bars and hanging out with their friends. Playing gambling is okay for as long as you are not yet an addict.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Maus0728 on December 07, 2020, 05:03:13 PM
It's more of a trick to attract foreign travelers into the gambling industry within Japan.

That's actually quite the thing here. Japan became more friendly not towards Gambling, but towards Foreign Gamblers. But as we all know, Japan's culture doesn't fully limits nor prohibits gambling, as even many gambling games originates from the country such as Sugo-roku, Pachinko, and Takarakuji lottery. Also, pointing the fact that their government do also taking actions on slowly revising their Criminal Codes that prohibits certain games such as Mahjong and gambling companies always complies with levels of certifications to run a gambling house, Japan's gambling market is still one of the Japan's tourists attractions.

But honestly, their movement in taxing citizens than tourists is just a pro-tourist movement. Why? Because they all know that their people gets addicted in gambling, so they'd rather implement a controlling law to them than to be fair on every gamblers -- both foreign and local, that plays within Japan. Therefore, I don't think of this as a good idea in their local gambling. You, would you like to be taxed just because of playing games? Well I personally not. :D


Title: Re: Japan becomes more friendly towards Gambling
Post by: ReiMomo on December 07, 2020, 05:24:44 PM
Aside from the fact that these policies will increase tourism in the country, it can also bring good to the Japanese government for the tax reform will surely generate an increase in their revenue once implemented especially this time of the pandemic, and I am pretty sure that there will be no government who will do such movement if they will be the one who will still suffer in the end.

Although in general, it can bring positive impact however there could still be a gloomy side on this, such as the government should also implement some regulations which will make their citizens not get addicted to gambling and even protection for players both for local citizen and tourist.

If every country will do the same definitely it will bring an advantage to their economy but they also need to be cautious in the effects once they also do what the Japanese are about to.


Title: Re: Japan becomes more friendly towards Gambling
Post by: onrise on December 07, 2020, 05:31:55 PM
yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.


Title: Re: Japan becomes more friendly towards Gambling
Post by: DoublerHunter on December 07, 2020, 06:11:11 PM
yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.
^ It can definitely bring good to any country if they will also follow on what Japan is about to do, for it will attract more gamblers to play in their country as it can still generate higher revenue instead of the opposite due to the taxation that was initially implemented for foreign players. This action of the Japanese government is really beneficial in terms of tax revenue especially during this time where every country is still at the point of recovery from the injury caused by the pandemic. Nevertheless, withal on this reform can be negative that more people whether their citizens or not could be addicted to gambling, for such Japanese government should still need another regulation that would secure healthy habit as well as fair treatment to every player and must be implemented strictly.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Lanatsa on December 07, 2020, 06:19:24 PM
Share your thoughts?? Would things like this benefit other countries too?

Its no surprise that there would be such changes even though they have prohibit gambling and now they do go to the opposite way.

If they do saw that theres benefit or one of the best way to had on this pandemic in terms of revenues or tax then for sure theres no doubt
that they would see the advantage.

So if they do open then that's a good news not only for outside players but also into its citizens who do want to play gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: matchi2011 on December 07, 2020, 06:24:38 PM
yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.

Considering the legalization, government will benefit from the taxes that they will collect, knowing that from this situation while the
pandemic still at large, every possible ways to collect funds will considered.

In the business side, there are people around this country who's involved in gambling so instead of doing it illegally, legalizing it will
bring more money for the government while battling with this virus.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Noctis Connor on December 07, 2020, 06:44:11 PM
Well japan are prohibited in any gambling activities but everything can be change when your country wants more taxes from people , this is a good idea to grow their economy back after the pandemic happened , it would help to their economy with tourist and others for them and start collecting taxes to rebuild what covid done its damage. It is not surprize since It is japan they can do everything they want as long as it is good in their country. And hoping that they will start accepting bitcoin too.


Title: Re: Japan becomes more friendly towards Gambling
Post by: chaser15 on December 07, 2020, 06:53:33 PM
Don't know the status of Japan but are they welcoming tourist now on their country or allowing foreign visits in big numbers? If yes, then they can feel the advantage of that new casino policy. If no, they have to wait at least a year.

On the other hand, Japanese residents would still be taxed if the winnings exceed a certain amount. Should be modified too in the future as some foreigners aren't considering to travel yet because of the pandemic.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Quidat on December 07, 2020, 07:14:05 PM
Don't know the status of Japan but are they welcoming tourist now on their country or allowing foreign visits in big numbers? If yes, then they can feel the advantage of that new casino policy. If no, they have to wait at least a year.

On the other hand, Japanese residents would still be taxed if the winnings exceed a certain amount. Should be modified too in the future as some foreigners aren't considering to travel yet because of the pandemic.
For now on this pandemic situation then its hard to believe that there would be foreigners that would flew to Japan for the sake of gambling out there
we know the risk of this current situation we are into.For their citizens then its no surprise that government will really be putting or setting up taxation
when they do hit up a certain limit which isnt a surprising step for govt as long we do talk about tax then expect on what would be the basic
and default rules on this one.Adding or considering gambling is a good news for those who do love to gamble but of course it will
really be following those typical terms.


Title: Re: Japan becomes more friendly towards Gambling
Post by: bitbollo on December 07, 2020, 07:21:28 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?

I am not sure if it has a really economic impact by the end. Foreign visitors can really make the difference or it's just an apologize to give a more soft law to the whole population? I
 am not sure this can give an impact for other countries, since these kind of regulations are mostly adapted to a specific nation/previous laws.


Title: Re: Japan becomes more friendly towards Gambling
Post by: harizen on December 07, 2020, 07:47:24 PM

A good policy indeed but the benefits of it might not be seen right away as currently, it's no doubt that travelling within countries isn't a priority by most people. And aside from that, casinos in Japan is not fully operating on their usual.

As per the report, there are foreigners that got stuck in Japan when the lockdown was imposed. If some of those are gamblers, then they will enjoy that policy.

But moving forward, looking at long-term views, it's a big deal for their future visitors especially those who are eyeing to experience gambling environment in Japan (part of the visitors itinerary).


Title: Re: Japan becomes more friendly towards Gambling
Post by: dothebeats on December 07, 2020, 08:02:34 PM
I kinda thought that Japan is gambling-friendly on the get-go due to Tokyo’s large gambling houses and whatnot. Either way, this gives a wider market for people who want to waste their money and to have a good time at the same time. The government would have to get some more taxes from the gambling economy and thus open up more projects that could help the general economy going. Overall, a good decision on a larger picture, albeit somewhat hard on the gamblers and gambling houses alike.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Twentyonepaylots on December 07, 2020, 08:48:02 PM

- the citizens will still be taxed if their winnings exceed a certain amount
This one should be highlighted so people would be aware that taxation only applies if they won above the ground. Sometimes, people are scared trying gambling because they think they'll be taxed once they won any amount. A good law like this will make the entertainment industry be active thus will give them a benefit too. Especially now that people are more engaged in online activities, not far from trying online gambling.

Share your thoughts?? Would things like this benefit other countries too?
Every country has its different perspective over something, it this goes good then why not other countries follow it?


Title: Re: Japan becomes more friendly towards Gambling
Post by: iv4n on December 07, 2020, 09:09:44 PM
- the citizens will still be taxed if their winnings exceed a certain amount

This is ok in my opinion! This should be an example for all others! It's ok to have fun on some low levels, when someone plays over that can spend some money on taxes, but let ordinary people to have fun without much hassle!
It's nice to see there're countries that are becoming more opened for people, in this particular example for gambling! And it's how I imagine the future, and while some countries will have that positive way of thinking some other countries are going in the opposite direction, which is a sad thing!


Title: Re: Japan becomes more friendly towards Gambling
Post by: chaser15 on December 07, 2020, 09:33:27 PM
Covid pandemic caused very deep crysis and I don't think that collecting taxes from gambling can help to diminish the effects of crysis in any country, not just Japan. This could be very small contribution.

Then what would be the solution? Just do nothing and wait for the pandemic to be completely gone?

Since gambling is surviving even in a pandemic, why not take that as an advantage and get revenues out of it? And countries are not relying on taxes but they need all options they have as part of the revenue and collecting taxes from gambling is one of the best options they have.

So, even if Japan is or becomes gambling friendly there are probably some other reasobs behind it.

What you are trying to say here?


Title: Re: Japan becomes more friendly towards Gambling
Post by: gagux123 on December 07, 2020, 09:43:32 PM
I didn't know about that event.
I didn't know that Japan has become more friendly in relation to gambling.
Although I don't know Japan very well, for me this is a very good news, it can attract more tourists and it can also help the japanese economy.


Title: Re: Japan becomes more friendly towards Gambling
Post by: 7788bitcoin on December 07, 2020, 09:44:43 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
Basically the government is trying to attract tourist that are able to spend huge amount of money and it is a good technique to reduce the taxation on gambling wins so that they could attract the big rollers from international destinations and if they could attract them then it will boost their other sectors as well especially the hospitality industry. I do not think so that every country will be trying to emulate the same tactics but with recession and the pandemic majority of the government will try to find different ways to boost the economy.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Twinkledoe on December 07, 2020, 09:47:53 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
Basically the government is trying to attract tourist that are able to spend huge amount of money and it is a good technique to reduce the taxation on gambling wins so that they could attract the big rollers from international destinations and if they could attract them then it will boost their other sectors as well especially the hospitality industry. I do not think so that every country will be trying to emulate the same tactics but with recession and the pandemic majority of the government will try to find different ways to boost the economy.

Every country is now finding options how to get back on their feet. Since gamblers will always be gamblers, they will play no matter what. So it is a smart move from the government, to attract more gamblers, better be loose with their regulations. In the end, they are both in the win-win situation here.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Yamifoud on December 07, 2020, 10:43:36 PM
- the citizens will still be taxed if their winnings exceed a certain amount

This is ok in my opinion! This should be an example for all others! It's ok to have fun on some low levels, when someone plays over that can spend some money on taxes, but let ordinary people to have fun without much hassle!
It's nice to see there're countries that are becoming more opened for people, in this particular example for gambling! And it's how I imagine the future, and while some countries will have that positive way of thinking some other countries are going in the opposite direction, which is a sad thing!

It is just like to embrace what is the demand of the people. In fact, many countries are also open to gambling institutions, and the massive growth of gambling industries makes helps their economy, they are asking taxes for them as well.

This gonna be turn away that more people are now gambling because they got so bored at home without a chance to go outside. They are just helping themselves to get alive and if they are also lucky in gambling, they can make money for it as well.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Ayiranorea on December 07, 2020, 11:59:16 PM
Japan is one among the country that take into consideration the necessity of the people and make the policies accordingly. Always keep themselves updated and high with technology based growth. In such a way it is the country to support the usage of cryptocurrencies in large scale. Now it has made a much friendly gambling access.


Title: Re: Japan becomes more friendly towards Gambling
Post by: maydna on December 08, 2020, 12:39:02 AM
It could be a way to attract tourists to come to Japan. Perhaps, the government realizes that the gambling industry is one of the big industries contributing taxes in a big amount. So the government can try to increase the tax income that they can get from the gambling industries. Besides that, if Japan allows gambling, many gamblers will visit Japan, and they can enjoy the Japanese culture while also playing gambling in that country.

That way can help the country to have money for recovering from post covid. We hope that their policies will bring fresh air into the gambling industry. But it needs more regulation to control people who will allow to playing gambling because that can attract young tourists or local young people to try to playing gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Lorence.xD on December 08, 2020, 12:51:40 AM
It could be a way to attract tourists to come to Japan. Perhaps, the government realizes that the gambling industry is one of the big industries contributing taxes in a big amount. So the government can try to increase the tax income that they can get from the gambling industries. Besides that, if Japan allows gambling, many gamblers will visit Japan, and they can enjoy the Japanese culture while also playing gambling in that country.

That way can help the country to have money for recovering from post covid. We hope that their policies will bring fresh air into the gambling industry. But it needs more regulation to control people who will allow to playing gambling because that can attract young tourists or local young people to try to playing gambling.
If this attracts tourists and since there is no taxation in their winnings, I think that most tourist attraction will raise their prices to accommodate this loss in taxes for gambling. The country already recovered so I think that this is just a long term plan to make Japan a gambling hub like Macau or Hongkong. Pretty strange that they lax their policies when it comes to gambling when most of their citizens suffer from strict regulations like pachinkos not directly paying players with money, instead they give them metal balls to go to an exchange which is a hassle but hey, there will be a reform.


Title: Re: Japan becomes more friendly towards Gambling
Post by: FinneysTrueVision on December 08, 2020, 01:13:15 AM
This should be beneficial to their economy. When people are traveling again Japan will be an attractive destination for high rollers who like to gamble at physical casinos. If this has a significant boost then perhaps other countries can learn from this and adapt their policies to be more flexible on gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Genemind on December 08, 2020, 01:53:48 AM
There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.

It is to be expected since they aim to attract more foreign gamblers and to gain more taxes from it, they will have to put more effort in their gambling side economy. A lot of people travels to Japan fue to their culture, food and tourist spots, now foreigners can also enjoy gambling there. It will add as a good attraction especially to those who likes travelling and gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: xSkylarx on December 08, 2020, 01:57:54 AM
~snip

This is beneficial to their government but I think this is not good to their citizens that gambles alot. They will tend to spend more money on gambling since if they win some amounts, they will get the whole amount of their winnings. Casinos will also see an increase on their revenue with this policy.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Jemzx00 on December 08, 2020, 02:01:00 AM
Japan is one among the country that take into consideration the necessity of the people and make the policies accordingly. Always keep themselves updated and high with technology based growth. In such a way it is the country to support the usage of cryptocurrencies in large scale. Now it has made a much friendly gambling access.
Agreed Japan is one of the countries that prioritize their citizen over others and with this having a gambling friendly access, It will surely attract people from other country that will boost the economy of Japan. I guess Japan will surely innovate some kind of technology about gambling soon.
This should be beneficial to their economy. When people are traveling again Japan will be an attractive destination for high rollers who like to gamble at physical casinos. If this has a significant boost then perhaps other countries can learn from this and adapt their policies to be more flexible on gambling.
It surely will be benificial to Japan's economy. Japan's tourist attraction, technology, Anime, etc,. and now a friendly gambling place will surely attract high rollers from other countries. Economy boost for Japan soon. 🤑🤑


Title: Re: Japan becomes more friendly towards Gambling
Post by: Fundamentals Of on December 08, 2020, 02:45:00 AM
There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.
They probably already think of it before implementing it, gambling may already happening in Japan though not that big and loud but and seems contralable so they are confident that they will be able to handle it when they allows it legally.

I hope the government has indeed foreseen the effects of it not just on the government side or on the gambler's side but also on the side of Japanese families. This new development regarding gambling may have possible adverse effects on them.

Quote
Japan is good in implementing rules and their people is quite disciplined enough, hopefully they will not be exposed in alot oglf gambling problems.

Disciplined and good on some things and somewhat uncontrollable and bad on others. Domestic violence in Japan is high. Women are often subjected to violent husbands and partners. I hope expanding the gambling industry won't exacerbate the situation.


Title: Re: Japan becomes more friendly towards Gambling
Post by: maydna on December 08, 2020, 02:47:47 AM
~snip~
If this attracts tourists and since there is no taxation in their winnings, I think that most tourist attraction will raise their prices to accommodate this loss in taxes for gambling. The country already recovered so I think that this is just a long term plan to make Japan a gambling hub like Macau or Hongkong. Pretty strange that they lax their policies when it comes to gambling when most of their citizens suffer from strict regulations like pachinkos not directly paying players with money, instead they give them metal balls to go to an exchange which is a hassle but hey, there will be a reform.

Perhaps, that is what the government will do due to the no taxation in their winnings. But if they win so much money, they will get the taxes, and if the amount is not too high, I am sure they will like it and will still playing gambling. The recovery itself will not be too slow if the government can get the money from the taxes because they can use it to help their people.

I think the Japanese government has their visions related to the current situations, and maybe that could be their way to give room for the gamblers. On another side, the government can get more income from the taxes.


Title: Re: Japan becomes more friendly towards Gambling
Post by: shoreno on December 08, 2020, 02:48:32 AM
~snip

This is beneficial to their government but I think this is not good to their citizens that gambles alot. They will tend to spend more money on gambling since if they win some amounts, they will get the whole amount of their winnings. Casinos will also see an increase on their revenue with this policy.
not really beneficial to the government anymore because government cant get tax on small gambler but they can now only get tax on the big players because they are the ones that can exceed in the gambling limit .

 this can still be good to the player that gamble alot because not all players that gamble alot are big players , im a small player but i like to gamble alot too but im not from japan and im not being taxed long time ago . if your from japan and your a small player this policy is optimized for you .


Title: Re: Japan becomes more friendly towards Gambling
Post by: Janation on December 08, 2020, 03:00:38 AM
That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.


Title: Re: Japan becomes more friendly towards Gambling
Post by: bryant.coleman on December 08, 2020, 05:03:32 AM
That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.


Title: Re: Japan becomes more friendly towards Gambling
Post by: carlisle1 on December 08, 2020, 05:16:03 AM
Japan just did what is right because this will prosper to More attraction from gamblers around the world as if they will continue that Charges may turn gamblers to Play online in which can't be regulate that much.

and also with the situation now Government must act and keep safe the gambling industry or else this wont recover and one big amount of taxes will gone in their barrel.

also they can adjust little by little soon but not this pandemic time when businesses are crawling up just to keep the business alive.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Ridwan Fauzi on December 08, 2020, 05:19:19 AM
I guess Japan is trying to make gambling place for gambler who use crypto currency, but it is not. Also, there will be two disadvantage for every gambler who play, one they must spend money to pay the tax when they won, in certain amount and second they will loss money. I mean, they have two responsibilities that can make uncomfortable when playing game. That is my opinion who leave in the country who still ban gambling, I don't know what people though when they are living in the country where gambling is accepted.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Janation on December 08, 2020, 05:31:26 AM
That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.

That makes sense.

Still, the idea is to attract tourists which we do agree that Japan would not be that popular since we all know how other countries' land-based casinos are more popular. These Japanese Nationals also might not be attracted by this but still, if a tourist went to visit Mt. Fuji and they wanted to gamble, they might just take this as an additional.


Title: Re: Japan becomes more friendly towards Gambling
Post by: iamsheikhadil on December 08, 2020, 05:34:48 AM
That's a really nice news :) Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!


Title: Re: Japan becomes more friendly towards Gambling
Post by: Sithara007 on December 08, 2020, 05:48:36 AM
I have a feeling that Japan is taking the correct approach in dealing with the gambling sector during the pandemic period. Some of the other countries (such as Argentina) have used the opportunity to spike taxes on casino winnings. Now Japan is going the other way, which I believe is the correct one. Hiking taxes can be counter-productive, by driving the business away from the legal casinos. I am glad that the Japanese politicians are not as retarded as those in Argentina.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Pamadar on December 08, 2020, 05:51:13 AM
That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.

More on their side, instead of going out to visit casinos, the government are attracting their citizen to stay.

It's much better doing that, instead of allowing those gamblers to bring out their money, having a competitive casino inside will allow them to stay, free from possibilities of being  infected of this ongoing virus and it will generates good amount of money from the sin taxes.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Vishnu.Reang on December 08, 2020, 07:42:23 AM
More on their side, instead of going out to visit casinos, the government are attracting their citizen to stay.

It's much better doing that, instead of allowing those gamblers to bring out their money, having a competitive casino inside will allow them to stay, free from possibilities of being  infected of this ongoing virus and it will generates good amount of money from the sin taxes.

Prohibitions never work with certain sectors such as alcohol, cannabis, gambling, prostitution.etc. And that is the reason why more and more countries around the world are legalizing and regulating these sectors. On the other hand, some of the countries such as India and Pakistan refuse to make them legal, sticking on to their stone age laws. This only help in pushing these sectors underground, in to the hands of criminal gangs.


Title: Re: Japan becomes more friendly towards Gambling
Post by: kayvie on December 08, 2020, 08:00:38 AM
This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Mauser on December 08, 2020, 08:57:17 AM
That's a really nice news :) Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!
.
I agree with you, taxing big winnings is not a big problem for gamblers. Once you managed to win big you can definitely afford to pay taxes.NNothing wrong with giving back to the community.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Reatim on December 08, 2020, 09:14:24 AM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?
Do they really removed or Adjusted?because i think it is normal to seek for taxes everytime there is a winning but of course this must be Only a dime part of the wins because the gambler will still play and might lose in the next round so taking a little amount is fine because this is gambling and a big business.

also Foreign players will Play in places they wanted to no matter what the requirements as long as legal and they will allow to gamble all they want.

And also Japan is not a gambling sanctuary so Foreign players in their casinos are usually tend to visit their country and just a bonus going to casino.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Rodeo02 on December 08, 2020, 10:59:15 AM
That's a really nice news :) Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!
.
I agree with you, taxing big winnings is not a big problem for gamblers. Once you managed to win big you can definitely afford to pay taxes.NNothing wrong with giving back to the community.

And that will help government also to use the tax money for other project they have .your lucky enough that your country accept and make it legal to play online gambling other countries doesn't want any online gambling run in their country. They don't see the good side of having online gambling and how this taxes can help more  if only they could adjust the process when it comes to collecting money from gambling tax payments.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Vaculin on December 08, 2020, 12:16:42 PM
With news of lesser taxation, this will benefit not just higher rollers but also the normal players.
Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed. For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.

The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.


Title: Re: Japan becomes more friendly towards Gambling
Post by: robelneo on December 08, 2020, 12:28:19 PM
I don't know if I could call more gambling "benefiting" more countries since gambling is pretty toxic :D

But yes, it could definitely open up for more gambling.

The benefits outweigh the negative impacts, it is benefiting countries, because of the taxes it's contributing to the economy of one country where gambling sites online or physical is operating, especially now in the time of the pandemic where the gambling sites contributed a huge taxes to sustain a country, two examples are France and Argentina, we have two topics about this here in the gambling section.


Title: Re: Japan becomes more friendly towards Gambling
Post by: peter0425 on December 08, 2020, 12:38:45 PM
With news of lesser taxation, this will benefit not just higher rollers but also the normal players.
Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed. For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.
Actually this is not about how high or max you bet but about How much you will win,and thats the main concern of the Japanese government .
Quote
The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.

Yeah that's the another part,The government and the Operator will surely benefits here,and gamblers will suffer for they are the one who will surely Lose for the government to have tax and for the operators to Earn.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Debonaire217 on December 08, 2020, 12:45:49 PM
With news of lesser taxation, this will benefit not just higher rollers but also the normal players. I've seen vlogs in Japan, and i can say its well maintained and cleaned after a player leaves it. Their games are different also, they have this unique games such as pachinko that has more gameplay and mechanics.


I have heard about the game pachinko in Japan, it was natively formed in their country and it was really fun to play especially collecting metal balls and pulling the lever and see how your faith takes you. Anyway, the news concerning the improvement of tax in gambling in Japan will impact not just the native gamblers but also to attract foreigners as there are many big casinos in Japan that are quite similar to Vegas. There's also nothing to worry about the sanitation in Japanese casinos as they also have strict rules if you want to play in order to avoid the transmission of the virus. Perhaps, they should incorporate their games such as pachinko to an online cryptocurrency gambling platform for more people to be engaged in how good this game is.


Title: Re: Japan becomes more friendly towards Gambling
Post by: jademaxsuy on December 08, 2020, 12:58:48 PM
I am not really sure if people there would likely to be influence by gambling activities. Yes, gambling is everywhere around the world but the Japan culture is different and they have a good community which are good people and this is why Tokyo is the number 1 safest city in the world. Anyway, they are also good or known to have good bitcoiners in asia so I expect that gambling in japan would be good with integrating bitcoin in their system.


Title: Re: Japan becomes more friendly towards Gambling
Post by: ethereumhunter on December 08, 2020, 01:20:42 PM
The Japanese government aware of the gambling industries can be their solution to get more money, so they are working on building policies for the gambling industries. I think it's a smart move from the government because it can increase the tourism in their country and they can invite more people from many countries to visit their country, especially if that tourists spend their money playing gambling. Even if they don't have to pay taxes as a foreign gambler, they can spend more money, which means that they will contribute to the casino's income tax if they lose.


Title: Re: Japan becomes more friendly towards Gambling
Post by: rodskee on December 08, 2020, 01:47:25 PM
The Japanese government aware of the gambling industries can be their solution to get more money, so they are working on building policies for the gambling industries. I think it's a smart move from the government because it can increase the tourism in their country and they can invite more people from many countries to visit their country, especially if that tourists spend their money playing gambling. Even if they don't have to pay taxes as a foreign gambler, they can spend more money, which means that they will contribute to the casino's income tax if they lose.
They are RE building their policies since they have revoke the taxation on IR's means positive news for those gamblers that has been having issue on this and some are surely planning to transfer in Illegal gambling if this will continue to be their burden.
About Tourism i think it is already a privileged to be allowed to gamble in foreign country like Japan.
and i'm sure Tourist in japan are visiting the Special places and Historical sites in Japan since they have a lot of those and Going to casino maybe an extra fun place only.


Title: Re: Japan becomes more friendly towards Gambling
Post by: fortunecrypto on December 08, 2020, 02:46:42 PM
This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.



Title: Re: Japan becomes more friendly towards Gambling
Post by: k@suy on December 08, 2020, 02:52:07 PM
This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.



Its like every country has been considering gambling as a good source of income of the nation today to uplift the economy because of economic downfall due to covid 19. And yes this is what we are all longing right, that the world or each country may become considerate to the gambling world. Hopefully that each nation who still banned gambling in their respective country may also be gambling friendly if it is the only way to regain their economy again.


Title: Re: Japan becomes more friendly towards Gambling
Post by: mardaed on December 08, 2020, 03:26:41 PM
This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.



Its like every country has been considering gambling as a good source of income of the nation today to uplift the economy because of economic downfall due to covid 19. And yes this is what we are all longing right, that the world or each country may become considerate to the gambling world. Hopefully that each nation who still banned gambling in their respective country may also be gambling friendly if it is the only way to regain their economy again.

That is indeed what’s happening right now. Gambling industry has been taken more into account now than before as it is since as one of the sectors that could be of significant contributor to the economic recovery. And I think that the government and leaders now are more conscious and open to every possible movement that would help the nation surpass this ongoing crisis.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Cling18 on December 08, 2020, 03:28:07 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?

The government won't allow it if it isn't beneficial to them. It could be another way for them to attract tourist and have another source of taxes. They will surely tax it but that won't affect the gamblers that much because gamblers will always find ways no matter how huge the tax is.
In fact, even at times when gambling is prohibited in their country, there are already gamblers who find ways just to gamble. They do it online or they even travel just to play so I think it will be a win-win situation for them.


Title: Re: Japan becomes more friendly towards Gambling
Post by: hahay on December 08, 2020, 03:34:36 PM
Basically Japan does accept gambling, and this reform is certainly good news. Any attempt at attracting foreign players was basically an expected increase as well, but despite the new policies regarding taxation related, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets. ;)


Title: Re: Japan becomes more friendly towards Gambling
Post by: bonjouros on December 08, 2020, 04:29:06 PM
It is a pretty good news especially to foreigners as they will benefit to the action of Japan where they removed the taxation of gambling winnings instead they will only put a tax once a certain amount will be reach.

Tax can sometimes damage our mood in gambling especially if it is kinda high therefore enjoying this kind of benefit is pretty interesting and I love how Japan change their minds in order to attract foreign players.


Title: Re: Japan becomes more friendly towards Gambling
Post by: carlfebz2 on December 08, 2020, 05:46:45 PM
Basically Japan does accept gambling, and this reform is certainly good news. Any attempt at attracting foreign players was basically an expected increase as well, but despite the new policies regarding taxation related, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets. ;)
Its just dumb for you to think that these kind of regulation issues or acceptance would be connected into your winning probabilities with gambling.Who does that?

Only people that arent on their right thinking will be having this kind of perception.So im bit confused on where you do get this kind of sentiment about connecting
it on winning chance.

Of course gambling is gambling and neither those regulation is on positive or negative side.It wont really be connecting about on how you gonna win with it.
Overall this is a good news but also a normal thing to be done when you do really mind of about taxation  and revenues (governments point of view).


Title: Re: Japan becomes more friendly towards Gambling
Post by: imstillthebest on December 08, 2020, 06:15:26 PM
, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets. ;)
gambling will not be just a gambling anymore but it will be a companion to the people playing on there .
 companion because they can now play more often because restrictions are now removed and its hard to say this but this can lead to more losses for the gambler .
getting huge sums in gambling is already unlikely anyway but many gamblers still think of that  .
they better remove that mindset of them and if they will only treat gambling as a form of entertainment i will going to be happy with them .


Title: Re: Japan becomes more friendly towards Gambling
Post by: Fredomago on December 08, 2020, 07:23:32 PM
Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed.
Exactly, there are more benefactors as most of the gamblers can limit itself or don't have that such amount to wager,
they're going to free of taxes while enjoying the game.

Quote
For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.
It will attract more high rollers if they carry out this, but given that tax this kind of
gamblers are always present as they can get special treatments and VIP privileges from the house.

Quote
The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.
Sure deal from the government, the more money that be played the more collections from the operators.
 Just collect and collect as long as the business are running from their jurisdiction.


Title: Re: Japan becomes more friendly towards Gambling
Post by: South Park on December 08, 2020, 08:16:36 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?
Without a doubt this is a movement in the right direction and they are doing this at the perfect time because as we know the Olympic Games are slowly approaching and obviously many people are going to want to bet on those events, especially people from other countries that go to Japan to see the events in person, so is important that they make the reforms now so people can have the best possible experience in Japan and they may decide to go again now to see the country and not the Olympic Games.


Title: Re: Japan becomes more friendly towards Gambling
Post by: adzino on December 08, 2020, 09:17:10 PM
According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors (https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors)

Share your thoughts?? Would things like this benefit other countries too?
So more friendly towards gambling for foreigners only? You see what Japan is doing over here? Attracting more foreign gamblers. Make foreign gamblers gamble while they visit their country (and get taxed in their home country. Some countries do have laws where you have to pay taxes no matter where you gamble), they lose everything to the casino and the government gets taxes from the casino (this time being able to claim more taxes from the gambling industry due to rise of foreign gamblers). Good move by the government to get more indirect revenue from foreigners.
Curious, how is it going to aid in post covid recovery?


Title: Re: Japan becomes more friendly towards Gambling
Post by: Natalim on December 08, 2020, 11:09:03 PM
Curious, how is it going to aid in post covid recovery?
The increase of revenue is the answer, they need more funds to recover as the pandemic made the government spend more than their allocated funds before the pandemic, remember that covid-19 was surprise, everyone wasn't expecting it to cause this huge damage directly or indirectly to our economy and in every part, government always plays a big rule to help the people to survive.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Rengga Jati on December 08, 2020, 11:37:27 PM
Of course, this will create or affect countries where they impose high taxes on their citizens when playing gambling. And if this happens, gamblers may prefer to play gambling on other countries' platforms. One of them is to avoid taxes. Maybe this will have an impact on the income of other countries. However, I am not sure whether there will be many countries like this or not. Or maybe they will evaluate their taxes.
Well, it seems interesting, but it's not necessarily going to go well.
In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.


Title: Re: Japan becomes more friendly towards Gambling
Post by: suzanne5223 on December 09, 2020, 12:02:40 AM
, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets. ;)
gambling will not be just a gambling anymore but it will be a companion to the people playing on there .
 companion because they can now play more often because restrictions are now removed and its hard to say this but this can lead to more losses for the gambler .
getting huge sums in gambling is already unlikely anyway but many gamblers still think of that  .
they better remove that mindset of them and if they will only treat gambling as a form of entertainment i will going to be happy with them .
The Japanese government get more friendly to gambling to encourage gamblers to play more and is just an act from the ending to ease people's burden during the pandemic season. Besides, I believe this will attract more foreign gambling companies.
With that been said, I must commend the Japanese government because they always ready to do everything possible to make things more comfortable for their people and foreigners remember they are among the Asian country to totally support crypto when the Chinese were against it.


Title: Re: Japan becomes more friendly towards Gambling
Post by: maydna on December 09, 2020, 02:43:24 AM
Curious, how is it going to aid in post covid recovery?
The increase of revenue is the answer, they need more funds to recover as the pandemic made the government spend more than their allocated funds before the pandemic, remember that covid-19 was surprise, everyone wasn't expecting it to cause this huge damage directly or indirectly to our economy and in every part, government always plays a big rule to help the people to survive.

The government needs more money to recover from the covid-19 and to build the economy after the pandemic. That will cost huge money before they can start their economy, and if they can get the money from the gambling industries, that will help them have the money. Even if the foreign gamblers don't have to pay the taxes if they win much money, they will spend their money gambling. Not all of them can win much money, and some of them will lose the money, which will be the revenue for the casino. If their revenue can grow, that means the casino can pay the taxes, and the amount will be different than the other casino.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Saisher on December 09, 2020, 03:13:16 AM
In general countries should ease up their taxes especially in times of pandemic and just continue regulating them and make them compliant and protect the interest of the bettors that they are not going to lose their money, right now online gambling site is such a big help for the country where they are in, because the revenue is not slowing down so the taxes keeps coming in.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Sithara007 on December 09, 2020, 03:22:30 AM
The increase of revenue is the answer, they need more funds to recover as the pandemic made the government spend more than their allocated funds before the pandemic, remember that covid-19 was surprise, everyone wasn't expecting it to cause this huge damage directly or indirectly to our economy and in every part, government always plays a big rule to help the people to survive.

Even here in India, the government spending has increased due to the pandemic. On the other hand, the revenues have gone down by a large amount, as a result of the economic slowdown. The government is walking on a tightrope here. So far, they have refrained from increasing the tax rates. But for how long they can manage things like this needs to be seen. I am foreseeing an increase in the GST rates sometime next year, to cover the revenue shortfall.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Strongkored on December 09, 2020, 05:05:10 AM

In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.
Yeah Japan is a country that crypto friendly, and with the low tax on gambling is one indication of their more friendly to crypto, because at this pandemic many online casinos have sprung up by adding crypto as payment at these casinos.
In my opinion, Japan is not a country that focuses income only on taxes but other things that should be exemplified by other countries.


Title: Re: Japan becomes more friendly towards Gambling
Post by: Vishnu.Reang on December 09, 2020, 05:14:11 AM

In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.
Yeah Japan is a country that crypto friendly, and with the low tax on gambling is one indication of their more friendly to crypto, because at this pandemic many online casinos have sprung up by adding crypto as payment at these casinos.
In my opinion, Japan is not a country that focuses income only on taxes but other things that should be exemplified by other countries.

Let's not forget the fact that Japan was one of the first countries to legalize cryptocurrency, far ahead of the United States and the European Union. Their capital gains tax rates are also low when compared to most of the other countries. They have a progressive, forward-thinking government and it helps in boosting the economy after such a devastating pandemic.


Title: Re: Japan becomes more friendly towards Gambling
Post by: michellee on December 09, 2020, 05:58:14 AM

In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.
Yeah Japan is a country that crypto friendly, and with the low tax on gambling is one indication of their more friendly to crypto, because at this pandemic many online casinos have sprung up by adding crypto as payment at these casinos.
In my opinion, Japan is not a country that focuses income only on taxes but other things that should be exemplified by other countries.
It will be better to accept crypto for gambling because it can attract crypto users to try to gamble using crypto. That will give benefits to the country since I think many people already know about crypto, making them curious about crypto gambling. If Japan is not focused on income, if they can get more money from the taxes, that will be a good way for the country to recover from the pandemic. The gambling industries in that country can become bigger as the foreign gambler allow to play in that country.


Title: Re: Japan becomes more friendly towards Gambling
Post by: NeilLostBitCoin on December 09, 2020, 04:58:57 PM
Of course, this will create or affect countries where they impose high taxes on their citizens when playing gambling. And if this happens, gamblers may prefer to play gambling on other countries' platforms. One of them is to avoid taxes. Maybe this will have an impact on the income of other countries. However, I am not sure whether there will be many countries like this or not. Or maybe they will evaluate their taxes.
Well, it seems interesting, but it's not necessarily going to go well.
In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.
Can't deny the fact that in the middle of this global pandemic the government of one country can only generate an income if they were going to support the gambling business which today has a trend of online gambling much more safe than the usual gambling like casino where they entertain players or gamblers. That's why it isn't impossible that government leaders of each country will going to become considerate in the gambling business.


Title: Re: Japan becomes more friendly towards Gambling
Post by: RealMalatesta on December 09, 2020, 06:07:59 PM
With a market as large as japan, it was inevitable for gambling to reach japan and become something more common. It is a very very rich nation compared to many others and it was impossible to think that Japanese people didn't gamble at all, they did gambled a lot but they didn't do it legally, they used illegal online places for their gambling for sure, every nation that bans gambling in today's world is just kidding itself, there are people who gamble in every single nation and there are tens of thousands of them even on the most strict nations.

However if you let it become an industry, if you let it be something that is profitable for the nation to tax, you could at least take advantage of the situation and instead of banning it and missing out on tax revenue, you will gain something from it.


Title: Re: Japan becomes more friendly towards Gambling
Post by: djgtr on December 09, 2020, 08:20:00 PM

In this case, Japan has indeed become a country that is very friendly to cryptocurrency, gambling, and various other developments.
Yeah Japan is a country that crypto friendly, and with the low tax on gambling is one indication of their more friendly to crypto, because at this pandemic many online casinos have sprung up by adding crypto as payment at these casinos.
In my opinion, Japan is not a country that focuses income only on taxes but other things that should be exemplified by other countries.

Let's not forget the fact that Japan was one of the first countries to legalize cryptocurrency, far ahead of the United States and the European Union. Their capital gains tax rates are also low when compared to most of the other countries. They have a progressive, forward-thinking government and it helps in boosting the economy after such a devastating pandemic.

If other neighboring countries will adapt this ways of thinking that's not impossible we can acquire good results to boost our economy in the future. Taxes regulations would fairly be imposed depending on the income of a specific gambling operation particular with online platforms that caters different branches of potential users.