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Author Topic: Online Gambling could be used to pay for covid problems  (Read 81401 times)
Wexnident
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November 02, 2020, 06:14:24 AM
 #161

If the government intention is to protect the end users and get upto certain % as a revenue in tax then it is fine but they want a complete control and too much taxes on gambling and other entertainment then it will have a negative impact because the impact will be on end user and they may think of alternative if its involves too much complexities or too much of interference.
That's the thing, we don't exactly know if said taxes are actually being used to help those that were damaged by the pandemic. Plus, who knows, they may not even remove the said regulations even after the damages are already paid and the pandemic is over. It'd probably be a lot better if casinos were to set up their own charity fund where a set % of revenues are sent every month or so and after a set period of time, would stop giving them since they themselves are businessmen that need to improve their business as well as pay their employees.

Not to mention that, why only the gambling industry? Shouldn't they just pretty much ask for funds for every working business? It'd be hard to judge though since different businesses have different revenues, but well, not that we can be picky at this time.

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November 04, 2020, 11:05:23 AM
 #162

Online gambling is now very common and popular, the main thing is to choose a reliable service, because now there are also many fake casinos and scammers. That's why I use the reviews I read on CasinoTop. From the reviews I learn all the important information about the casino, its rates, bonuses and ratings. It is very useful and informative.
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November 05, 2020, 02:03:58 PM
 #163

Pros:
 1. Can help regulate the spam casinos
 2. People will have security
 3. They will be protected by the laws

Cons:
 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy


For me, it is okay if the government will try to regulate the online casinos. When the pandemic started, lots of offline casinos in different countries have been closed for oublic due to modified enhanced community quarantine and also the emerging online casinos start to bloom. I don't see any problem whenever government will dive into regulating online casinos. Security of the gamblers will be assured. Ofcourse those casinos who are registered in our government have complete papers and definitely not a scam. 

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November 06, 2020, 06:00:00 PM
 #164

...
If the government intention is to protect the end users and get upto certain % as a revenue in tax then it is fine but they want a complete control and too much taxes on gambling and other entertainment then it will have a negative impact because the impact will be on end user and they may think of alternative if its involves too much complexities or too much of interference.
intend for complete control? it's very possible...
surely the government will extort the players and even the gambling business owners because it is certain that the government knows how much money it produces. the good news is that until now there has been no news where the government in a country imposes a very high tax on gambling.

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November 06, 2020, 06:51:35 PM
 #165

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.

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November 06, 2020, 08:42:05 PM
 #166

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.

Yes, it will not solve the problem (and for countries that do not legalize gambling, this option is not a solution at all), because to allocated new funds for the Covid problem, a country must be able to encourage its economy from various sectors. But at least the specific tax for online gambling can be used as a help fund to reduce the cost of covid.

Tax is a compulsory levy that must be paid by taxpayers. Even though the imposition of taxes on online gambling may not be liked by gamblers, but if the goal is really to help the Covid problem, I think everyone will be able to accept it.

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November 06, 2020, 10:11:00 PM
 #167

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.
Well, it does not say that it will solve all the problems but they see it as one solution that can help them. They see it as one of the possible solution since there's a lot of money circulating in online gambling that's why they are taking this consideration as a solution for the problems that they are facing right now.
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November 06, 2020, 10:15:45 PM
 #168

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.
Well, it does not say that it will solve all the problems but they see it as one solution that can help them. They see it as one of the possible solution since there's a lot of money circulating in online gambling that's why they are taking this consideration as a solution for the problems that they are facing right now.

Every potential venues the government will seek for it and try to make it possible just to accumulate additional taxes. They will proceed as they've got

the authorities as long as they can implement legal basis for this said action. Gambling industries is really active especially the online gaming,

implementing additional taxes won't stop them to continue facilitating.
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November 06, 2020, 10:28:07 PM
 #169

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.

But it's a good step. Do you really think by taxing online gambling, it will contribute big to financing Covid problems? Of course no. But the tax that will come here is a big help.

Every opportunity should be considered and that's what the government is doing.

At least they are doing something as the gambling industry didn't actually hit hard during the pandemic.

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November 06, 2020, 10:59:20 PM
Last edit: November 06, 2020, 11:09:35 PM by Saint-loup
 #170

What comes to my mind immediately if it was regulated for sure it would require to conduct a KYC which would violated on what most of us like which is Anonymity but we can't blame the government since I think they're just doing this to have some extra source of fund to sustain their economy due to this pandemic.
They don't need to impose KYC for that, with the blockchain governements could easily monitor the funds comitted on the platforms and tax them

But the thing is The government is trying to make a digital platform to actually locate anyone who is going to use funds by making KYC mandatory on all the platfroms at the same time making KYC mandatory for all the bank accounts owned by an individual. They are trying to not only check for illegal activities but also see any tax frauds.

Wallets , sites , bank accounts , all of them needs KYC !! If they would go to such lengths to impose the KYC on online gambling , no one would actually use it for sure since privacy is a big factor and they have to at least give some thought for the same. It would decrease the number of people interested in the online gambling so decrease their revenues. So I don't think they will do , they can do for sure but they won't kill their own taxes.
I agree with you but it's another question. Here we're just talking about taxes. And I think governements don't need to get customers KYC to tax this activity. They just need to look at the blockchain to see how much funds are coming to the platform and how much funds are leaving it.

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November 07, 2020, 03:36:21 AM
 #171

What do you think ?

If they are really out of funds for covid then so be it. But some countries have tons of funds and the government says they have no money anymore. Corrupt officials are getting richer and richer because of this pandemic while covid cases in their country are continuously growing.

Is this essential?

No

Would it affect the online casinos?

Yes, if they need to pay a lot to the government then they will increase what they ask for their customers so people would only suffer more.

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November 07, 2020, 05:43:48 AM
 #172

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.

But it's a good step. Do you really think by taxing online gambling, it will contribute big to financing Covid problems? Of course no. But the tax that will come here is a big help.
At least it will add mate thats the main agenda on that,imagine each government are seeking on where to take funds and every small amount counts in this situation.
Every opportunity should be considered and that's what the government is doing.
Exactly what i was saying,this is what should be the movement now to sustain the needs of each victims.
At least they are doing something as the gambling industry didn't actually hit hard during the pandemic.
Gambling industry Bloom this pandemic,Not the Live casinos but the online.

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November 15, 2020, 04:39:21 AM
 #173

I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.

https://www.euroweeklynews.com/2020/10/22/will-european-countries-regulate-online-gambling-to-pay-for-covid-19/

We already have laws regarding these casinos but I do believe for the government it is not enough.

Pros:
 1. Can help regulate the spam casinos
 2. People will have security
 3. They will be protected by the laws

Cons:
 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy

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What do you think ?
Is this essential? Would it affect the online casinos?
 

If some of the Casinos will participate in this program, I think the players or gamblers will not agree on this. Why did I say that?
it surely because that gambling platform will require their players to submit KYC for sure, even it is not necessary for the program due to that we are here as an anonymous gambler individuals anyway.
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November 15, 2020, 09:14:39 AM
 #174

It is good that online Casinos are regulated by the governments its one way to protect users and at the same time to monitor the flow of money coming in and out of the platform. Expecting regulators to tighten online platforms due to new normal and tax implementation to online businesses is inevitable.

Regulations are important to protect the users but they could use this to take advantage on milking money from the online casinos. This would affect not only the casino but the users also since they will charge the expenses to the users. The Government should also offer protection not only to users but also to the casino. It should be a win win situation for all

Regulations are really important especially in these kinds of establishments.

Taxes, on the other hand, is for the better of the country although the government hands them sometimes to people that would want the money for themselves and not spend that on the projects or plans where they needed to be used. We can't just say that the government wanted to take advantage since there are some owners that also trick the government into not paying the right amount of taxes.
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November 15, 2020, 09:38:13 AM
 #175

it's a different situation since each country can have specific legislation.
likewise, in my country (Italy) gambling and more over sport gambling is already heavy taxed.
they can rise of course taxes, but there is any proposal or discussion about it in political agenda.
only slot games have some privilege about taxes and concessions but I think there is not really interest to tax it more even with Covid19 situation...

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November 15, 2020, 10:00:08 AM
 #176

snip..
I personally have no problem with paying gambling taxes, especially in this "PANDEMIC" period all countries really need money to improve their country's economy.  The positive thing that I see from taxpayers regarding gambling is that gambling sites we are playing are more monitored and player funds are guaranteed safe because it is certain that user funds are protected by the government..
If the government can really get the taxes, that will help the country's economy. But if that is related to the online casino, I think that will not easy as we know that the casino can host their site in other countries that don't apply the taxes to their business. It needs more work to find the online casino and makes them follow the regulations from the government. If that regulation is for the casino in their country, it could apply to the casino because it can control the place from abusing the law. It will protect not just the casino, but the user can get protection from the government.

That nakes sense but on the other hand to help the economy of exactly your country you should play in casino that is registered in your country, when it comes to online casinos. There are countries which don't have registered casinos in their web domain and I don't know if that could persuade the gamblers to chose just the casinos from their own country if they have different habbits.
To conclude as an idea it might sound good but I'm sure if really can be executed in reality.

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November 15, 2020, 10:48:42 AM
 #177


 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy

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What do you think ?
Is this essential? Would it affect the online casinos?
 

Definitely  no one wants extra charges but if it increase no more then 1% it would affordable for most online gamblers, IMO. Privacy influence  is the major concern here because protecting my privacy is the main reason why I use online fruit machine instead of going to nearby casinos. How heavily it might be effected?

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November 15, 2020, 10:59:50 AM
 #178

Online gambling is now very common and popular, the main thing is to choose a reliable service, because now there are also many fake casinos and scammers. That's why I use the reviews I read on CasinoTop. From the reviews I learn all the important information about the casino, its rates, bonuses and ratings. It is very useful and informative.
I don't think any user are interested on the casinos listed on the review website you have provided most of them are casinos that accepts fiat which more likely to ask KYC and I don't think some or all of them are accepting cryptocurrency or Bitcoin.

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November 15, 2020, 11:22:49 AM
 #179


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What do you think ?
Is this essential? Would it affect the online casinos?
 
Personally, there will be an upside and downside if the government really imposes a tax on it or choose to regulate. It is upside in the way of, these taxes are necessary to bring up the economic status of one's country once again. Due to the pandemic, most of the country's economy drastically drops at the bottom that is why the government trying to find a solution. On the other hand, it is downside simply because users must now have to compromise with this situation. Besides, having a regulation will now break the form of anonymity on online gambling.

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November 15, 2020, 11:47:20 AM
 #180


`````````````````````````````````````````
What do you think ?
Is this essential? Would it affect the online casinos?
 
Personally, there will be an upside and downside if the government really imposes a tax on it or choose to regulate. It is upside in the way of, these taxes are necessary to bring up the economic status of one's country once again. Due to the pandemic, most of the country's economy drastically drops at the bottom that is why the government trying to find a solution. On the other hand, it is downside simply because users must now have to compromise with this situation. Besides, having a regulation will now break the form of anonymity on online gambling.

Casinos are booming at the time of pandemic so there's no downside for this since it can help people and it's beneficial to the economy also since for now the economic state is not really good and it's good to have a certain outlet where the government can take funds to use to fight the pandemic as well for the other things that needed to take care. And there's nothing wrong with regulation since if the casino is regulated the gamblers can assure that they are safety.

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