Japan becomes more friendly towards Gambling

[Mauser]

That's a really nice news Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!

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I agree with you, taxing big winnings is not a big problem for gamblers. Once you managed to win big you can definitely afford to pay taxes.NNothing wrong with giving back to the community.

[1715530665]

1715530665

[Reatim]

According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors

Share your thoughts?? Would things like this benefit other countries too?

Do they really removed or Adjusted?because i think it is normal to seek for taxes everytime there is a winning but of course this must be Only a dime part of the wins because the gambler will still play and might lose in the next round so taking a little amount is fine because this is gambling and a big business.

also Foreign players will Play in places they wanted to no matter what the requirements as long as legal and they will allow to gamble all they want.

And also Japan is not a gambling sanctuary so Foreign players in their casinos are usually tend to visit their country and just a bonus going to casino.

[Rodeo02]

That's a really nice news Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!

.
I agree with you, taxing big winnings is not a big problem for gamblers. Once you managed to win big you can definitely afford to pay taxes.NNothing wrong with giving back to the community.

And that will help government also to use the tax money for other project they have .your lucky enough that your country accept and make it legal to play online gambling other countries doesn't want any online gambling run in their country. They don't see the good side of having online gambling and how this taxes can help more  if only they could adjust the process when it comes to collecting money from gambling tax payments.

[Vaculin]

With news of lesser taxation, this will benefit not just higher rollers but also the normal players.

Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed. For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.

The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.

[robelneo]

I don't know if I could call more gambling "benefiting" more countries since gambling is pretty toxic

But yes, it could definitely open up for more gambling.

The benefits outweigh the negative impacts, it is benefiting countries, because of the taxes it's contributing to the economy of one country where gambling sites online or physical is operating, especially now in the time of the pandemic where the gambling sites contributed a huge taxes to sustain a country, two examples are France and Argentina, we have two topics about this here in the gambling section.

[peter0425]

With news of lesser taxation, this will benefit not just higher rollers but also the normal players.

Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed. For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.

Actually this is not about how high or max you bet but about How much you will win,and thats the main concern of the Japanese government .

The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.

Yeah that's the another part,The government and the Operator will surely benefits here,and gamblers will suffer for they are the one who will surely Lose for the government to have tax and for the operators to Earn.

[Debonaire217]

With news of lesser taxation, this will benefit not just higher rollers but also the normal players. I've seen vlogs in Japan, and i can say its well maintained and cleaned after a player leaves it. Their games are different also, they have this unique games such as pachinko that has more gameplay and mechanics.

I have heard about the game pachinko in Japan, it was natively formed in their country and it was really fun to play especially collecting metal balls and pulling the lever and see how your faith takes you. Anyway, the news concerning the improvement of tax in gambling in Japan will impact not just the native gamblers but also to attract foreigners as there are many big casinos in Japan that are quite similar to Vegas. There's also nothing to worry about the sanitation in Japanese casinos as they also have strict rules if you want to play in order to avoid the transmission of the virus. Perhaps, they should incorporate their games such as pachinko to an online cryptocurrency gambling platform for more people to be engaged in how good this game is.

[jademaxsuy]

I am not really sure if people there would likely to be influence by gambling activities. Yes, gambling is everywhere around the world but the Japan culture is different and they have a good community which are good people and this is why Tokyo is the number 1 safest city in the world. Anyway, they are also good or known to have good bitcoiners in asia so I expect that gambling in japan would be good with integrating bitcoin in their system.

[ethereumhunter]

The Japanese government aware of the gambling industries can be their solution to get more money, so they are working on building policies for the gambling industries. I think it's a smart move from the government because it can increase the tourism in their country and they can invite more people from many countries to visit their country, especially if that tourists spend their money playing gambling. Even if they don't have to pay taxes as a foreign gambler, they can spend more money, which means that they will contribute to the casino's income tax if they lose.

[rodskee]

The Japanese government aware of the gambling industries can be their solution to get more money, so they are working on building policies for the gambling industries. I think it's a smart move from the government because it can increase the tourism in their country and they can invite more people from many countries to visit their country, especially if that tourists spend their money playing gambling. Even if they don't have to pay taxes as a foreign gambler, they can spend more money, which means that they will contribute to the casino's income tax if they lose.

They are RE building their policies since they have revoke the taxation on IR's means positive news for those gamblers that has been having issue on this and some are surely planning to transfer in Illegal gambling if this will continue to be their burden.
About Tourism i think it is already a privileged to be allowed to gamble in foreign country like Japan.
and i'm sure Tourist in japan are visiting the Special places and Historical sites in Japan since they have a lot of those and Going to casino maybe an extra fun place only.

[fortunecrypto]

This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.

[k@suy]

This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.

Its like every country has been considering gambling as a good source of income of the nation today to uplift the economy because of economic downfall due to covid 19. And yes this is what we are all longing right, that the world or each country may become considerate to the gambling world. Hopefully that each nation who still banned gambling in their respective country may also be gambling friendly if it is the only way to regain their economy again.

[mardaed]

This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.

This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.

It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.

Its like every country has been considering gambling as a good source of income of the nation today to uplift the economy because of economic downfall due to covid 19. And yes this is what we are all longing right, that the world or each country may become considerate to the gambling world. Hopefully that each nation who still banned gambling in their respective country may also be gambling friendly if it is the only way to regain their economy again.

That is indeed what’s happening right now. Gambling industry has been taken more into account now than before as it is since as one of the sectors that could be of significant contributor to the economic recovery. And I think that the government and leaders now are more conscious and open to every possible movement that would help the nation surpass this ongoing crisis.

[Cling18]

According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors

Share your thoughts?? Would things like this benefit other countries too?

The government won't allow it if it isn't beneficial to them. It could be another way for them to attract tourist and have another source of taxes. They will surely tax it but that won't affect the gamblers that much because gamblers will always find ways no matter how huge the tax is.
In fact, even at times when gambling is prohibited in their country, there are already gamblers who find ways just to gamble. They do it online or they even travel just to play so I think it will be a win-win situation for them.

[hahay]

Basically Japan does accept gambling, and this reform is certainly good news. Any attempt at attracting foreign players was basically an expected increase as well, but despite the new policies regarding taxation related, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets.

[bonjouros]

It is a pretty good news especially to foreigners as they will benefit to the action of Japan where they removed the taxation of gambling winnings instead they will only put a tax once a certain amount will be reach.

Tax can sometimes damage our mood in gambling especially if it is kinda high therefore enjoying this kind of benefit is pretty interesting and I love how Japan change their minds in order to attract foreign players.

[carlfebz2]

Basically Japan does accept gambling, and this reform is certainly good news. Any attempt at attracting foreign players was basically an expected increase as well, but despite the new policies regarding taxation related, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets.

Its just dumb for you to think that these kind of regulation issues or acceptance would be connected into your winning probabilities with gambling.Who does that?

Only people that arent on their right thinking will be having this kind of perception.So im bit confused on where you do get this kind of sentiment about connecting
it on winning chance.

Of course gambling is gambling and neither those regulation is on positive or negative side.It wont really be connecting about on how you gonna win with it.
Overall this is a good news but also a normal thing to be done when you do really mind of about taxation  and revenues (governments point of view).

[imstillthebest]

, I guess gambling is still gambling. Because even though gambling has become more friendly, basically anyone will find it difficult to get a lot of money from gambling. All that remains to be realized and considered, because a friendlier tax does not mean it makes it easy for you to win bets.

gambling will not be just a gambling anymore but it will be a companion to the people playing on there .
 companion because they can now play more often because restrictions are now removed and its hard to say this but this can lead to more losses for the gambler .
getting huge sums in gambling is already unlikely anyway but many gamblers still think of that  .
they better remove that mindset of them and if they will only treat gambling as a form of entertainment i will going to be happy with them .

[Fredomago]

Most of the gamblers does not gamble a lot of money, so probably they will all be exempt on tax as there's certain amount that they should not exceed.

Exactly, there are more benefactors as most of the gamblers can limit itself or don't have that such amount to wager,
they're going to free of taxes while enjoying the game.

For high rollers, it will help them to minimize their tax liability due to this news but it would be nice if they will not tax the gamblers as in reality it's really the casinos who are making money.

It will attract more high rollers if they carry out this, but given that tax this kind of
gamblers are always present as they can get special treatments and VIP privileges from the house.

The more they attract gamblers, the bigger the increase of their revenue, and with that the government will benefit on the tax they'll collect on the casino operators.

Sure deal from the government, the more money that be played the more collections from the operators.
 Just collect and collect as long as the business are running from their jurisdiction.

[South Park]

According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors

Share your thoughts?? Would things like this benefit other countries too?

Without a doubt this is a movement in the right direction and they are doing this at the perfect time because as we know the Olympic Games are slowly approaching and obviously many people are going to want to bet on those events, especially people from other countries that go to Japan to see the events in person, so is important that they make the reforms now so people can have the best possible experience in Japan and they may decide to go again now to see the country and not the Olympic Games.