Argentina raises Gambling tax

[pinggoki]

The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.

[coupable]

The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.

Argentina is a third world country. It's quite normal that governments in 3rd world will look for several possibilities to get more incomes during the pademic when their economy can't support such an agressive crisis. The market of "Entertement" could be considered as a victim of this policy. Taxes augmented in everything even illegal stuffs,gambling isn'tan exception

[MCobian]

In my opinion, the steps taken by the Argentine government are quite good, because the finances of all countries must be in trouble
in a pandemic situation like now. Then the gambling industry does have a fairly large circulation of money, then the Argentine government
sees this as an opportunity to increase state revenue from increasing the gambling tax to 5%.

This becomes good if the income from gambling tax is used for the benefit of the people of Argentine, because of the pandemic situation,
the people need help from the government. Therefore it is very important for the government to seek additional income for the state and
the option to increase the gambling tax is a good decision. Hopefully other countries that legalize gambling will do the same as Argentina.

[milewilda]

The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.

As if you do have some choice?If you dont have any options then you would surely deal with it and its understandable that country will consider on having this kind of tax increase
due to economic matters where they do need some more source because economy wont able to sustain if they wont able to find sustainable ways to get taxes which been used for development.
This might be an issue for gambling business owners which would be totally transferred into its users/gamblers where there would be add ups when it comes to fee
due to sudden tax increase.

[Kelvinid]

The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.

Argentina is a third world country. It's quite normal that governments in 3rd world will look for several possibilities to get more incomes during the pademic when their economy can't support such an agressive crisis. The market of "Entertement" could be considered as a victim of this policy. Taxes augmented in everything even illegal stuffs,gambling isn'tan exception

I understand that Argentina making way to have additional sources just like the other country did but that 5% is really not acceptable for the players. I may think that this could be the reason to stop people from gambling but rather to focus on the solution to the problem we face today.

I hope their actions will be fairly enough for everyone and sees a positive impact on the economy. If this could help for the pandemic then this could essential to increase taxes for a while but I don't agree also that this will be for the lifetime change coz I'm afraid that this will be the reason that some gambling institutions will stop.

[Debonaire217]

Imagine, gambling isn't really a necessity during this pandemic and if the economy is getting affected too much, it is really a great step for the government to act in order to help the economy somehow be stable through putting a tax on most of the business that doesn't really get affected by the crisis as people who participate are those who have spare funds. It is also reasonable to put almost double of the tax added to the current tax they have since they aren't really banning anonymous gambling. Gamblers are still having their freedom to choose which platform should they participate in. In addition, putting this tax might also help people to decrease their contact as they might be discouraged to play in casinos.

[KennyR]

This move of raising the tax to 5% will make more people get into cryptocurrency for their gambling needs. It is the only choice through which people find a secure way to gamble. If the cryptocurrency usage gets regulated, there'll be risk of using it to go tax-free. At all situation people who have used to spend time on casinos will continue it unlike the increase in the tax. Also most people using it were rich and middle class people are the one who prefer online gambling through different channels like Cryptocurrency, fiat, etc to reduce the cost of spending.

[Lorence.xD]

Imagine, gambling isn't really a necessity during this pandemic and if the economy is getting affected too much, it is really a great step for the government to act in order to help the economy somehow be stable through putting a tax on most of the business that doesn't really get affected by the crisis as people who participate are those who have spare funds. It is also reasonable to put almost double of the tax added to the current tax they have since they aren't really banning anonymous gambling. Gamblers are still having their freedom to choose which platform should they participate in. In addition, putting this tax might also help people to decrease their contact as they might be discouraged to play in casinos.

I think they will also be going to tax online casinos too. It will be difficult though because some casinos are not operating in their territory which means that jurisdiction might be difficult. In my opinion, increase in taxation in gambling is not a bad thing, many people play and the house earns a lot, I think that it is fair to get more from them, even if there is more online players, there will still be people playing in casinos. Remember that tax is not a bad thing, it is just the ugly truth and we need to accept that, remember that public works are funded by these taxes which develops a nation.

[aioc]

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.

It would not happen if we are not in Pandemic and Argentina is also suffering from high case of infection

I figure that they are going to use the funds coming from taxing the online gambling sites to the needs of the government to fight CoVid and to sustain their economy brought by the pandemic, every government needs money now.

[bbc.reporter]

@aioc. However, the Argentinian government might also know more about the decision they are doing hehehe. I speculate that online gambling has increased in their country during this pandemic and the government wants their share.

The tax rate increase is from 2% to 5%. This is more than double and I reckon this increase has been studied more deeply than it appears.

[Fundamentals Of]

It is all right for me if the taxes are increased in gambling. Gambling is a luxury. It is a vice or a hobby. It is not a necessity or a need. So it does not matter if they are taxed a little more than the usual especially because the revenue will be provided to the provincial territories of Argentina where help is much needed.

I don't believe the gambling industry in Argentina is unregulated. This is just a tax increase. It does not mean there was no regulation prior to this.

[Wexnident]

It's pretty manageable imo, and not that unreasonable, not to mention that most of it would go towards the development of the country itself, which is a plus in the case of casinos itself as well, since development leads to more jobs, to better jobs, which leads to better salaries and possibly more people would gamble then, or maybe an increase in the amount the people use to gamble. And another point is, it isn't really like they can fight against it or anything, might as well see the positives in this.

And if ever, we would see any reactions to it, positive or negative from the players themselves after a few weeks. If the casinos themselves increase the fees and whatnot in accordance with the tax increase, then there may be some complaints here and there, but if they didn't it really just means that the market is indeed unregulated for the past few years.

[TopT3ns]

It is all right for me if the taxes are increased in gambling. Gambling is a luxury. It is a vice or a hobby. It is not a necessity or a need. So it does not matter if they are taxed a little more than the usual especially because the revenue will be provided to the provincial territories of Argentina where help is much needed.

I don't believe the gambling industry in Argentina is unregulated. This is just a tax increase. It does not mean there was no regulation prior to this.

indeed with taxes it can improve a country's infrastructure but you have to be careful because if gambling establishments increase taxes it might make them players choose other places that don't use taxes. may be able to find a way other than increasing taxes.

[ice098]

It is all right for me if the taxes are increased in gambling. Gambling is a luxury. It is a vice or a hobby. It is not a necessity or a need. So it does not matter if they are taxed a little more than the usual especially because the revenue will be provided to the provincial territories of Argentina where help is much needed.

I don't believe the gambling industry in Argentina is unregulated. This is just a tax increase. It does not mean there was no regulation prior to this.

Well atleast Argentinian gamblers can assure that their taxes were alloted for provincial territory development rather than nothing. At least they have this feeling that they already got fun and at the same time they helped to the development of Argentina's countryside by the means of their taxes. But i didn't speak this as a general gambler would agree with it. Of course some gamblers will speak for their own opinion too regarding on this.

[Alucard1]

The number of online gambling and casino gambling increases with our current situation, most of the gamblers are now being into gambling due to this pandemic which makes them so bored and has free time that they are spending for gambling and by that government see this opportunity to earn by giving or increase the tax, good thing is that they will use it in good things if that is true. This pandemic causes too much suffering to our economics but the government should be fair to everyone for giving tax rate.

[Reatim]

gambling is such a big market and we knew how much profit brings this to the operator,specially in countries that gambling is not regulated.
This argentina government decision is actually should have done long time ago as the gambling activities in their country is getting bigger and bigger .

But it is better late than never and now they will realize how much taxes that has been uncollected since day 1.

Hope this action will help the country for recovering from the pandemic as they are also one that suffers most.

[Genemind]

The government needs a source of income since a lot of businesses had closed down, so they need to search for all possible avenues to gather taxes from existing businesses. Gambling is a huge industry even with the pandemic people are still looking for a place to gamble, and I doubt if it will be out of demand. I don't care how the government inpose their tax as long as it is fair and taxes are properly used.

[ethereumhunter]

It is all right for me if the taxes are increased in gambling. Gambling is a luxury. It is a vice or a hobby. It is not a necessity or a need. So it does not matter if they are taxed a little more than the usual especially because the revenue will be provided to the provincial territories of Argentina where help is much needed.

I don't believe the gambling industry in Argentina is unregulated. This is just a tax increase. It does not mean there was no regulation prior to this.

indeed with taxes it can improve a country's infrastructure but you have to be careful because if gambling establishments increase taxes it might make them players choose other places that don't use taxes. may be able to find a way other than increasing taxes.

Some people will not like to see their government raises gambling tax because I think they are comfortable with the previous situations. But what you said is right, applying taxes in many businesses can improve a country's development, so their country's economy can grow. Maybe that can make people who don't have much money will stop playing gambling because the taxes will be too high for them.

[Ucy]

Is the country raising tax on "gambling" or "betting" (betting transactions?).

I guess it's betting industry they're reffering to , which includes lottery, political betting, forex, competition etc... and that will likely make taxing easy and encompassing considering that word "betting" can be clearer and easy for any national law than "gambling" 
By the way, outright ban on gambling is acceptable than raising tax on gambling. Gambling (taking big risk, whether in bets or other area) is actually bad and very risky. It's immoral to tax and benefits from things that are bad for people

[Rodeo02]

Is the country raising tax on "gambling" or "betting" (betting transactions?).

I guess it's betting industry they're reffering to , which includes lottery, political betting, forex, competition etc... and that will likely make taxing easy and encompassing considering that word "betting" can be clearer and easy for any national law than "gambling"  
By the way, outright ban on gambling is acceptable than raising tax on gambling. Gambling (taking big risk, whether in bets or other area) is actually bad and very risky. It's immoral to tax and benefits from things that are bad for people

It's government it's up to them to decide whether to make it illegal or increase the tax payment they collected from them . Gambling and addiction is hardly to stop any where you are ,as long as there is a way to gamble they will always find ways to play even it's illegal.So if government know they can't stop people from gambling they join it so they can also get the benefit having that gambling sites in legal ways by asking tax .