Could Gambling Legalization be a positive thing for Brazil?

[Cling18]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Our country has legalized gambling because of the taxes that they could get from it but the taxes are actually another source of corruption and the corrupt officers are the ones who benefit from it. I think the Brazil government is also trying to get rid of the possible effect of gambling legalization in their country. It might also cause gambling addiction which could ruin lots of lives but I also believe that they would legalize gambling in time.

[Gozie51]

The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, country.

This is high on one industry. Putting 30% tax rate on just gambling website company is high, it may chase prospective investors off because every investor likes to put money where they can also make profit as quick as possible to take care of start up expenses and pay salaries. At least a 10% tax rate can go.

Money generated from gambling as just one sector won't be enough to rebuilding the country. It will put burden on operators and they might eventually collapse and the aim forfeited. So they can encourage other industry and grow them too.

[yazher]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

they need to fix their government first before they look for some way to increase the tax revenue of their country because the only people who get the benefit from it is the corrupt government and for the country, it won't bring anything good except they will gonna suffer even more than when it was not yet legalized. Because there are high chances that people will take this chance to organize their own gambling dens to benefit from it and make everyone play like there is no tomorrow. It would become an instant trend, because of how many people play every day and they need to be ready on the mental health of those who lose their senses when they lose everything they have because more likely they won't do anything good after that.

[Smartprofit]

According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.

What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.

The legalization of gambling in Brazil is a very correct step by the Brazilian government. 

The Brazilians themselves are not very gambling people, especially when you compare them with Asians.  In Brazil, there is a cult of a healthy lifestyle, sex, football, carnival.  Boys in Brazil play football, and girls spend a lot of time perfecting their figure and dancing samba.  In Brazil, the sun always shines and the weather is great.  All this is not conducive to the formation of dependence on gambling.  Brazilians have a lot of interesting things in life. 

At the same time, many foreigners come to Brazil (to Buenos Aires).  They will be happy to gamble and thereby replenish the country's budget. 

This will provide additional funds for the fight against crime.

[ethereumhunter]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

Our country has legalized gambling because of the taxes that they could get from it but the taxes are actually another source of corruption and the corrupt officers are the ones who benefit from it. I think the Brazil government is also trying to get rid of the possible effect of gambling legalization in their country. It might also cause gambling addiction which could ruin lots of lives but I also believe that they would legalize gambling in time.

Taxes from gambling or other sources can be new resources for the corrupt officers because that is already happened in many countries and from a long time ago. It is hard to eliminate the corrupt officers related to the taxes because they can easily find a spot to get the taxes without anyone knowing. But if the Brazilian government wants to legalize gambling, they must have clean officers who can take care of the taxes so the corrupt officers will not have a chance to get that taxes.

[YOSHIE]

What do you guys think?

I think the Brazilian government should immediately implement the gambling industry legally there.

Shouldn't it be the sound decision??

With income and from what you said 3.5 million dollars, it is very reasonable and if brazil applies taxation to the gambling industry it is certain that the decision is unanimous and right.

I think the Brazilian government's policy will benefit many parties.
• Increase state/income tax revenue.
• Reducing unemployment and creating employment opportunities in the gambling industry, if legal.
• For companies and gambling bettors, they feel comfortable, there is no concern that gambling in Brazil is legal or illegal.

What is clear, this rule will lead to one thing that leads positively to the economy in brazil.

[fortunecrypto]

This is high on one industry. Putting 30% tax rate on just gambling website company is high, it may chase prospective investors off because every investor likes to put money where they can also make profit as quick as possible to take care of start up expenses and pay salaries. At least a 10% tax rate can go.

Money generated from gambling as just one sector won't be enough to rebuilding the country. It will put burden on operators and they might eventually collapse and the aim forfeited. So they can encourage other industry and grow them too.

I agree they should meet halfway 30% is not good even if it's a start-up for legalization of gambling, they can start at 10% then go higher in the succeeding year, by that time the gambling industry has already established their hold, they should give and take, both parties want profit and revenues, now are the best time to legalize and regulate gambling, and the Brazilian government can make a huge difference if they make a good decision in this pandemic.

[iv4n]

What do you guys think?
Shouldn't it be the sound decision??

It shouldn't be sound, it should be normal ... we live in the 21st century, people will gamble anyway, why shouldn't we be aware of that and allow people to normally enjoy what they love to do, in this case, to gamble! As some other members say, there will be more work for people, good things can be done from taxes ... it is simply better to have a normal situation where everything is nicely regulated than to push gambling under the carpet and create bigger problems.

[molsewid]

Taxes from gambling or other sources can be new resources for the corrupt officers because that is already happened in many countries and from a long time ago. It is hard to eliminate the corrupt officers related to the taxes because they can easily find a spot to get the taxes without anyone knowing. But if the Brazilian government wants to legalize gambling, they must have clean officers who can take care of the taxes so the corrupt officers will not have a chance to get that taxes.

Corruption is known as the long time illness in every government like here in my country it was already a problem for a long time ago and up until now it is still a problem of our nation that presents in every administration of our government. I don't think no there's an effective way to eliminate those corrupt people than by not giving them a chance to sit on any position in government during election (in a democratic country like mine). Going back to OP's concern I believe legalization of gambling could bring positive and negative thing at the same time, it could add revenue but still gambling addiction and others negative effect are still possible.

[Kakmakr]

The general consensus seems to be that the legalization of gambling in a country seems to be negative, but there are a few positive things too that need to be considered. In my country legal lotteries donate a LOT of money to charities and Sport development, so it is a bonus to some people that might benefit from that.

The taxes boost the service delivery in areas where there are no water and electricity and it funds large infrastructure projects. So it helps to stimulate growth and economic development. The down side is the gambling addiction ..but that can be managed within a legal framework. 

[goldkingcoiner]

I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.

they need to fix their government first before they look for some way to increase the tax revenue of their country because the only people who get the benefit from it is the corrupt government and for the country, it won't bring anything good except they will gonna suffer even more than when it was not yet legalized. Because there are high chances that people will take this chance to organize their own gambling dens to benefit from it and make everyone play like there is no tomorrow. It would become an instant trend, because of how many people play every day and they need to be ready on the mental health of those who lose their senses when they lose everything they have because more likely they won't do anything good after that.

Well from a perspective of decentralised gambling and crypto gambling, it might be already too hard for any government to effectively stifle "gambling dens" especially the ones running on TOR or similiar methods to cover their tracks and stay online.

So it isnt really a question of what they want to avoid but rather how they want to redirect the revenue from those gambling dens in such a way that they will be able to tax it.

[delfastTions]

After reading your posts, I saw that many people write that with the legalization of gambling, the level of corruption in the country increases. 
Having looked at the list of the corruption index for different countries, which is compiled by Transparency International, I saw that Brazil is in 94th place on this list with an index of 38. For example, this index in France is 69, Japan is 74, and the record holder (with minimal corruption) New  Zealand 88.
So with this level of corruption in the country, it is very problematic to legalize gambling.  This will most likely lead to an increase in economic crime. 
And President of Brazil is right that he does not think it is right.