Argentina raises Gambling tax

[imstillthebest]

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country. Many gambler find it difficult to gamble, to their satisfaction just because they don't have much money to gamble, for them to make more money from the gambling center.  more money from their gambling.

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

[AicecreaME]

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

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

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

[hulla]

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country.
 

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

[ethereumhunter]

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

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

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

[matchi2011]

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country.
 

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

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

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

[XZERO1]

Apparently Argentina just raised their gambling tax to 5%.

The Argentine Chamber of Deputies has passed a law that will increase the online gambling tax rate from 2% to 5% in 2021. The new law was added to the National budget proposed by Economy Minister Martín Guzmán. The tax will apply to any online betting transaction. There’s also a 10% rise for the companies that operate in low-taxation countries.

What are your thoughts on this ??

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

[TitanGEL]

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

[plvbob0070]

Apparently Argentina just raised their gambling tax to 5%.

The Argentine Chamber of Deputies has passed a law that will increase the online gambling tax rate from 2% to 5% in 2021. The new law was added to the National budget proposed by Economy Minister Martín Guzmán. The tax will apply to any online betting transaction. There’s also a 10% rise for the companies that operate in low-taxation countries.

What are your thoughts on this ??

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

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

[kamadazje]

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

Apparently Argentina just raised their gambling tax to 5%.

The Argentine Chamber of Deputies has passed a law that will increase the online gambling tax rate from 2% to 5% in 2021. The new law was added to the National budget proposed by Economy Minister Martín Guzmán. The tax will apply to any online betting transaction. There’s also a 10% rise for the companies that operate in low-taxation countries.

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

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

What are your thoughts on this ??

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

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

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

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

[coin.princess]

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

[HaXX0R1337]

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

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

[tyz]

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

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

[hulla]

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country.
 

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

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

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

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

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

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

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic

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

but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

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

[suzanne5223]

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

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

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

[kodtycoon]

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

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

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

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

[Finestream]

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

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

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

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

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

[ice098]

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

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

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

[AliMan]

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

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

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

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

[maydna]

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

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

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

[suzanne5223]

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

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

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

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

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