Are the Big Gambling sites paying taxes?

[ethereumhunter]

I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.

To be honest i dont know what is the truth but Who knows?? i mean after some countries has legalized bitcoin, maybe there is any rule for some gambling site paid taxes because like in america or europa gambling can operate on legal. sorry to said that because your word is like all gambling site that operates with crypto-currencies is operated on illegal.

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

[Jasad]

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

[kidsuzudn]

Actually, all online gambling BTC website didn't have to pay any taxes. Why? Because there is no law or convention manage about gambling BTC or trading BTC or investing BTC. Crypto is a free environment that can be called " outlaw". So no goverment can control it to tax it. So this market is really potientally.

[JL421]

that would surely be a no if that was the case we couldn't find easy, anonymous gambling charging tax from casinos would mean they will charge most of the gamblers proof of income , their identity and what all all the bitcoin gambling sites which claim to be registered are actually just fake barely any site out there is paying any tax betway might be paying as they accept paypal also

[bhadz]

I know most of the gambling websites that wants to be recognized by their country needs to be registered for compliance according to the law. But since there is no law about crypto currencies, they are not obliged to pay for the operation unless the country is recognizing the worth of crypto currency. But the gambling site can pay tax voluntarily, I don't know what's the answer on this.

[Nexchange.co.uk]

Short Answer: No.

[MinerHQ]

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

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

[siti25]

I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.

[BlockEye]

I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.

There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

[xhienigat]

I think if the gambling site is legal and have permits then they are paying taxes because they can't operate if they will not. And also it depends to which country they belong.. my question is are those gambling sites registered their company in their government?

[noormcs5]

Now i am here in a big and famous gambling sites. For me, Fortune Jack is a big and trust able gambling site, but i think not any online gambling sites are paying taxes, because i have little knowledge about it. But if you want to know clearly then you should search about it. But i am sure no any gambling site is paying taxes. But real casinos are paying taxes to their government.

[mothergodness]

I think that some gambling sites evade paying taxes, especially if they accept crypto currency as payments. But all gambling establishments in real life prefer to pay taxes.

[Betwrong]

I think they should. If I were the owner of a profitable gambling site I think I would find a way to pay taxes, I mean I would tell my lawyer to find a way to avoid potential problems with the governmental institutions in the future.

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

[serjent05]

I believe not al Casino are paying taxes, that conclude that other online casino are paying their taxes especially if they are accredited by the government.  It is actually clear that there are two kind of Casino,legal and illegal one, so basically legal Casino are paying taxes or they are in some hosting site that is located in other country where gambling is almost free.  Illegal Casino as we known it operates without the consent of the government.

[siti25]

I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.

There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

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

[michkima]

I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.

There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

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

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

[reflector]

I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.

There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes.

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

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

[eann014]

I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.

[BlockEye]

I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.

As long as the business have a built or physical companies,with employees . They are required to have a registration at the Government, but if they are only operating online without a physical company then they are not allowed.

[el kaka22]

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

Gambling sites rather all the sites need to pay tax in order to get licensed by government. All such sites do pay taxes and as far as we are utilizing the facilities like internet and electricity, definitely we all are paying income taxes one way or the other. You cannot run an illegal site very easily. After all, all of our activities are locked.