Argentina raises Gambling tax

[pilosopotasyo]

it is very cruel if the government imposes a tax on gambling players during this outbreak...

I don't see any cruelty on this, every government now in this pandemic badly needs money to sustain their economy, and they will look in every area and every industry where hey can extract revenues, and since online gambling sites are making huge profit from their operation at this point of time, it's just right that they get a slice of the profit, although the additional tax percentage is quite big.

[Rengga Jati]

First, is the tax for the gambling industry (home book) or for their citizen who plays gambling?
Actually, 5% is still a small tx percentage of the country for the gambling industry. There are still many countries that give very high taxes on gambling. Moreover, it is up to more than 80%, it is crazy, isn't it?
Like what we can see here:
The Ultimate Guide to Gambling Tax Rates Around the World
The Highest And Lowest Gambling Taxes Around The World

However, I know that it is about 5% in Argentina where at first there is exactly tax existed, but maybe it is different because it is for online tax?

Argentina had provided a haven for online gamblers up until very recently with its tax-free winnings legislation. That’s all set to change with a 15 percent gross income and a 2 percent fee being considered.

[BuNga_cute]

I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.

[Twinkledoe]

I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.

And also, if you are still gambling in this pandemic, it means more or less you can afford to lose your money. Because if you don't have extra money, I don't think you will be gambling the money allotted for your family's needs. So the government is just getting the tax from people who can supposedly afford to gamble in these challenging period. In that way, they can also help other people who badly needs assistance.

[matchi2011]

I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.

And also, if you are still gambling in this pandemic, it means more or less you can afford to lose your money. Because if you don't have extra money, I don't think you will be gambling the money allotted for your family's needs. So the government is just getting the tax from people who can supposedly afford to gamble in these challenging period. In that way, they can also help other people who badly needs assistance.

But not everyone do afford to lose their money or maybe most of them are trying to find luck and have an easy way to earn, 
thinking that if luck permits them they'll be able to win.

Government is doing this as part or restoring the country, no wonder that every part of the state will be sort and look for any
possibilities to collect funds to finance the needs.

[Reatim]

Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.

it is very cruel if the government imposes a tax on gambling players during this outbreak...
it is no secret if gambling business owners will definitely get a big profit, it is very natural for them to contribute to the state by paying taxes because currently, of course, almost all countries need funds to save their economy as a result of this corona outbreak.

the word "It is Natural" is not appropriate because we all know that they are just Oblige and forced paying taxes so they have no choice but to obey,because if given a chance these people will choose not to pay anything outside of their activities.

it is very cruel if the government imposes a tax on gambling players during this outbreak...

I don't see any cruelty on this, every government now in this pandemic badly needs money to sustain their economy, and they will look in every area and every industry where hey can extract revenues, and since online gambling sites are making huge profit from their operation at this point of time, it's just right that they get a slic
And cruelty to whom?to the gambling owner?i hope he knew what he says because if there are cruelty here ,those are the gambling operator that chooses to kick their employee instead of helping them in this pandemic.

Well if asking for taxes is cruelty then the whole world is cruel?because every thing in this world requires taxes unless illegally managed.

[shoreno]

 its good because the tax are going for their economy but tax payers should track the economies development if its been developed as promised because if its not well that wasnt good for thet tax payers  .

they dont also need to shut down business because they already taxed them . if they shut them down they are the ones that cant earn tax . increasing the tax too often can be annoying but i think they only increase it because they see that gambling business are now growing online

[jademaxsuy]

There is nothing wrong to increase the tax for the gambling activities in the process of giving it or returning back to the community like good services or protection against the abuse the of either from a certain individual with authority in the gambling platform or any form of abuses like those alleged groups that make bad image of the gambling activities. This is a good move for the Argentina government. However, for the gamblers this is not ideal because it will not get the ideal profit they wanted in every winnings.

[xSkylarx]

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.

Gambling is a voluntary habit so I can't say if it's good or bad. Increased tax will lessen the average number of people that gamble. I'm not saying all of them but some will think twice if it's worth gambling with the money they can only afford to play. Addicted gamblers on the other side will always find a way to continue their habit, either they find a different platform with less tax or increase their bankroll if they can afford to do so.

[bryant.coleman]

Gambling is a voluntary habit so I can't say if it's good or bad. Increased tax will lessen the average number of people that gamble. I'm not saying all of them but some will think twice if it's worth gambling with the money they can only afford to play. Addicted gamblers on the other side will always find a way to continue their habit, either they find a different platform with less tax or increase their bankroll if they can afford to do so.

Those who are habitual gamblers, will continue with their trick irrespective of the taxes. Some of them would agree to pay the higher tax rate, resulting in a lower amount of disposable income at their hand. Others may decide to move their gambling activities to illegal casinos and online gambling sites, where they don't have to pay any tax. Eventually, the government will face a declining stream of revenue from the gambling industry.

[Savemore]

For me it is depends on your perspective, if you are pro with government then you may agree to their decision to raise the taxes because it is extra income for them in order to increase their yearly budget to have more developments in their country as long as there will be no corruption that will happen. If you are one of the gambling casino owners then this news is not good because it is extra expense wherein your sales will be decrease of the tax. The 5% tax is so big especially for the big casinos out there because we are talking about millions of dollars so it is really not good news for the gambling casinos owners.

[yayayo]

Many countries prohibited online and offline gambling option but argentina just added the tax alone for you. Hence it is good for the government and they can able spend that for public. Still I believe most of the Argentinian people may play the online gambling games.
Any argentinian here to share your exact thoughts on this taxation and reason behind it.

As far as people in any country it may be nobody would like to pay extra tax on your income. Government want money and people now want to save money. Many play gambling for fun and on that if added more taxed so either some of them might stop or will try to find out some other way as well to avoid taxes.

I doubt that, I believed there's still a lot of people who will play especially they will be a regulated one. I don't think Government will tax the players directly for what I know they will tax the casino itself not the players.

ya.ya.yo!

[uneng]

Now gamblers are going to have a good reason to abandon traditional casinos and play at crypto currency sites which won't raise any taxes on them.
For Argentina it won't be good. The government thinks they are going to increase their income from taxes, but in fact it can be quite the opposite, as gamblers tend to look for another gambling methods, such as the clandestine ones or crypto casinos.

If you only read the OP's post you'll understand that it will cover any gambling and that includes the online gambling and betting. This will be effective in as early as  the 2021 enters, this means that gamblers in Argentina will pay additional 5% for taxes in online and conventional gambling platforms. The only good news I can think of is that people will hesitate to gamble, instead some of them will just use it in more useful way.

Online gambling at traditional or conventional (centralized) casinos is one thing. Online gambling at crypto (decentralized) casinos is another thing. Governments don't have control over gamblers activity at truly decentralized casinos as the users there have their identity preserved, so this 5% tax doesn't apply to them, that is why it will benefit crypto gambling industry. Understood?

[Taskford]

Many countries prohibited online and offline gambling option but argentina just added the tax alone for you. Hence it is good for the government and they can able spend that for public. Still I believe most of the Argentinian people may play the online gambling games.
Any argentinian here to share your exact thoughts on this taxation and reason behind it.

As far as people in any country it may be nobody would like to pay extra tax on your income. Government want money and people now want to save money. Many play gambling for fun and on that if added more taxed so either some of them might stop or will try to find out some other way as well to avoid taxes.

I doubt that, I believed there's still a lot of people who will play especially they will be a regulated one. I don't think Government will tax the players directly for what I know they will tax the casino itself not the players.

ya.ya.yo!

There are saying that if "there's a will there's a way" since for sure the gamblers who settle to play and find entertainment on gambling will still play eventhough there are huge taxes beneath on their plays but I doubt they will compensate the gamblers since for sure they cannot control those people who come in and come out on certain casinos especially on online. Provably this will be given to the casino and this is a good move from government since for this implementation they can get additional funds for further developments of the country.

[ethereumhunter]

Many countries prohibited online and offline gambling option but argentina just added the tax alone for you. Hence it is good for the government and they can able spend that for public. Still I believe most of the Argentinian people may play the online gambling games.
Any argentinian here to share your exact thoughts on this taxation and reason behind it.

As far as people in any country it may be nobody would like to pay extra tax on your income. Government want money and people now want to save money. Many play gambling for fun and on that if added more taxed so either some of them might stop or will try to find out some other way as well to avoid taxes.

Yes, people don't want to pay extra taxes because they think that they already pay the taxes as usual. If the government still pushing them to pay more taxes, maybe that will attract demonstration from the people because people will think that more taxes will make them suffers in this situation. Maybe the government needs to be wise this time, and maybe the government can discuss with people, so they don't rush in applied the extra taxes.

[Viscore]

Many countries prohibited online and offline gambling option but argentina just added the tax alone for you. Hence it is good for the government and they can able spend that for public. Still I believe most of the Argentinian people may play the online gambling games.
Any argentinian here to share your exact thoughts on this taxation and reason behind it.

As far as people in any country it may be nobody would like to pay extra tax on your income. Government want money and people now want to save money. Many play gambling for fun and on that if added more taxed so either some of them might stop or will try to find out some other way as well to avoid taxes.

Yes, people don't want to pay extra taxes because they think that they already pay the taxes as usual. If the government still pushing them to pay more taxes, maybe that will attract demonstration from the people because people will think that more taxes will make them suffers in this situation. Maybe the government needs to be wise this time, and maybe the government can discuss with people, so they don't rush in applied the extra taxes.

This is gambling tax, come on, people barely don't care about it, and people will not complain.

When we say people it should be majority of them, not the people who are running the casino business, this is just right and I think it's better than banning casinos at all when both sides would not benefit from it.

[fortunecrypto]

This is gambling tax, come on, people barely don't care about it, and people will not complain.

When we say people it should be majority of them, not the people who are running the casino business, this is just right and I think it's better than banning casinos at all when both sides would not benefit from it.

The gambling operators in Argentina will understand this, because of the pandemic they know that the government needs money, and they are one industry that is making a big profit in the midst of the pandemic, they should give favor to the government time will come that the government will return the favor, it's a win-win situation for both of them.

[Serious475]

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.

Since the Argentina knows that the population of gamblers on their country is getting higher then the tax raising for gambling is not surprising. Every one who has a goal to earn a lot of things will do anything to earn how much they want but they must make sure that they won't be having a factor that can stop their earnings just like what Argentina does, since they raise the tax then people may get disappointed and stop gambling or go to other country to gamble.

[dothebeats]

This will surely force some small platforms to shut down some of their official channels and go the underground route, which is an inviting avenue for gamblers to play since it is unregulated, and some ballsy bets not possible on official, legal ones can be made for as long as the gambling house can pay it. The sudden increase in taxes on gambling entities without the government doing anything to better the industry is a punch in the gut, and trying to justify it with helping the province's isn't going to cut it. As they say, the road to hell is always paved with good intentions, so idk about the government's reasoning behind imposing more taxes on an industry they never lend a hand on.

[Poker Player]

What are your thoughts on this ??

I support regulation but the higher the taxes the worse for the business.

Argentina is in a desperate situation with a high inflation currency. The government is desperate to try get more money while it keeps spending way more than it can raise in taxes.

Due the regulation casinos will earn less, people will lose more and the government will get some money but at a expense of a declining business as a result.