DU18
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June 18, 2021, 07:35:31 PM |
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compared to other countries, the gambling tax in ukraine is still in very small limits compared to other countries which also legalize gambling, the ukraine government will only apply a final tax of around 10%, but this is still only a draft law and of course the relevant parliament will decide whether or not the new rules are good, the circulation of money that occurs in gambling is quite large, so that sometimes the government collects a slightly larger tax and of course the tax will also be used for the welfare the people and with this tax the continuity of gambling in the ukraina will be more guaranteed both for the players and for the existing casino in my opinion.
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Oceat
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June 18, 2021, 11:22:26 PM |
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In Ukraine it is not different and probably that is why citizens become easily angry over their politicians and their proposals to take more money from the population.
True true. But as i said before, 10 % tax is not too much by itself. But we can add taxes correct: 18 % tax for income + 10 % tax (about which we are talking about) + 20 % VAT (if you (casino owner) want to buy something from your gambling income) and in result we will get something like 48 % for your income money. From diagram above we can see that this is not the worst result (in France as i see taxes is like 83.5 %) but not the best to open your casino in Second world country. That's a lot. I wonder how much money does a casino owner made to be taxed something like that. Maybe more than a million because the owner doesn't complain or they did complain but they may have some dirty tactics to avoid paying the correct taxes? I think it's a way to discourage owning or having a casino on their place because they don't want to make their people suffering from addiction through gambling or did I miss something?
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3996
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South Park
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June 22, 2021, 08:50:45 PM |
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It is indeed better to impose higher tax than totally banning it. Because gambling will always be here, if they will ban it, people will just go underground, in which, they can't get their contribution. And also, their percentage of tax is still low as compared to other countries. So in my opinion, it is just right. We will see if their gambling industry will still thrive after this imposition of tax.
And yet some governments do not seem to see this, it seems they prefer to keep their archaic attitudes towards gambling, which is weird after all we are seeing some countries allowing their citizens to consume drugs that years before were forbidden and yet if you ask me it is way obvious that a drug is way more damaging than gambling especially when gambling has so many positive effects for the economy and yet the posture of many governments towards gambling does not seem as if it is going to change. Trying to compare that drug problem is an another serious matter which cant really be that resolved if they do wanted it to be banned or prohibited., It is just typical that all of government wouldnt really allow these illegal things to be tolerated and tell me on which part of the world on where drugs had been allowed? specially the illegal ones? Its not just right on making out comparison between gambling addiction and drug addiction and of course you would really be seeing different take of government in talks to this. In many states of the US cannabis for recreational use has been legalized and we know that this is a process that has been taking place there for years which is odd as it was the US the country that began the war on drugs almost a century ago around the world, so this happens and gambling despite all of this is not legal everywhere when it is better for the government to legalize the activity as if the excuse they are using to keep it banned is that it creates addiction then it does not make sense to keep it banned when people can easily access gambling websites from their smartphones or they can attend an illegal casino.
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zanezane
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June 23, 2021, 03:51:16 AM |
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The taxation is pretty reasonable for me and as OP said, it's fairly low compared to other countries out there although all taxes in gambling are pretty much justified since they still make a lot of money.
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AicecreaME
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June 23, 2021, 02:36:19 PM |
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Putting a tax on them is not a problem at all especially if their Government thinks that it will help their economy or their country in a way, as long as it won't be use on their Government officials personal use (hopefully), then it's all good. Most of the countries around the globe do put taxes on gambling platforms (casinos, and gambling sites).
The pandemic gave all of us a huge problem and one of them is that most of the economic sectors suffers in the sudden declination of sales, causing the economy to fall down, and that's where taxes are being use to support our economy.
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madnessteat
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June 23, 2021, 02:49:40 PM |
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In Ukraine it is not different and probably that is why citizens become easily angry over their politicians and their proposals to take more money from the population.
True true. But as i said before, 10 % tax is not too much by itself. But we can add taxes correct: 18 % tax for income + 10 % tax (about which we are talking about) + 20 % VAT (if you (casino owner) want to buy something from your gambling income) and in result we will get something like 48 % for your income money. From diagram above we can see that this is not the worst result (in France as i see taxes is like 83.5 %) but not the best to open your casino in Second world country. It would be good to compare the level of people's income and pensions. I am sure that on the minimum pension of a citizen of France (about 800 euros) you can easily live in Ukraine. But on the pension of a Ukrainian in France clearly you can not live. Therefore, in my opinion it is not quite correct to compare taxes if the level of income of citizens differ by times.
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molsewid
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June 23, 2021, 04:44:26 PM |
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Putting a tax on them is not a problem at all especially if their Government thinks that it will help their economy or their country in a way, as long as it won't be use on their Government officials personal use (hopefully), then it's all good. Most of the countries around the globe do put taxes on gambling platforms (casinos, and gambling sites).
The pandemic gave all of us a huge problem and one of them is that most of the economic sectors suffers in the sudden declination of sales, causing the economy to fall down, and that's where taxes are being use to support our economy.
At this time of pandemic it really shows the significance of the gambling business in economy of one country I mean due to being locked down of the country, many business establishments were closed but online gambling is up which is hopefully the government could put a tax to those casino or gambling establishments operated during pandemic because the tax this gambling establishments is a big help on the chaos of econmy we faced right now. And I think a 10% amount of tax is not that too much.
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ethereumhunter
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June 24, 2021, 06:36:03 AM |
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compared to other countries, the gambling tax in ukraine is still in very small limits compared to other countries which also legalize gambling, the ukraine government will only apply a final tax of around 10%, but this is still only a draft law and of course the relevant parliament will decide whether or not the new rules are good, the circulation of money that occurs in gambling is quite large, so that sometimes the government collects a slightly larger tax and of course the tax will also be used for the welfare the people and with this tax the continuity of gambling in the ukraina will be more guaranteed both for the players and for the existing casino in my opinion.
If those tax is only applicable for the casino, that will not be a problem for them since they can make a huge money from the gambler. But if that is apply to the gambler, then that will not useful because the gambler already payed the tax for their income or salary. It is normal if the government want to collects a larger tax from the casino reminds the casino can produce much money. If that a draft law can succeed to be applied to the casino, that can really help the country to survive in this pandemic. But the casino needs to show their income to the government before the law become legally.
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South Park
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June 26, 2021, 08:54:36 PM |
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Putting a tax on them is not a problem at all especially if their Government thinks that it will help their economy or their country in a way, as long as it won't be use on their Government officials personal use (hopefully), then it's all good. Most of the countries around the globe do put taxes on gambling platforms (casinos, and gambling sites).
The pandemic gave all of us a huge problem and one of them is that most of the economic sectors suffers in the sudden declination of sales, causing the economy to fall down, and that's where taxes are being use to support our economy.
Even if the pandemic affected negatively many industries there were many that saw a huge spike in the demand, and one of them was the gambling industry, with the lockdowns that we suffered all around the world people needed not only a way to entertain themselves but also a way to find some excitement in their lives and gambling gave that excitement to some of those people, something that was no small feat because as we know even if it seems the pandemic is finally being put under control a great deal of psychological issues were created because people were not ready to face social isolation for such a long period of time.
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Japinat
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June 26, 2021, 09:23:17 PM |
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Putting a tax on them is not a problem at all especially if their Government thinks that it will help their economy or their country in a way, as long as it won't be use on their Government officials personal use (hopefully), then it's all good. Most of the countries around the globe do put taxes on gambling platforms (casinos, and gambling sites).
The pandemic gave all of us a huge problem and one of them is that most of the economic sectors suffers in the sudden declination of sales, causing the economy to fall down, and that's where taxes are being use to support our economy.
Even if the pandemic affected negatively many industries there were many that saw a huge spike in the demand, and one of them was the gambling industry, with the lockdowns that we suffered all around the world people needed not only a way to entertain themselves but also a way to find some excitement in their lives and gambling gave that excitement to some of those people, something that was no small feat because as we know even if it seems the pandemic is finally being put under control a great deal of psychological issues were created because people were not ready to face social isolation for such a long period of time. There's a demand for basic needs and entertainment as well, and since we are afraid to go out because of the virus, we prefer to get that entertainment at home and online gambling is one of the biggest tools that give us that entertainment. It's just also correct that the government would be able to benefit from it, increase the taxes to increase their revenue as the economy has been struggling due to covid-19. 10% is not that huge, why not give it to the government?
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tippytoes
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June 26, 2021, 10:56:13 PM |
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Putting a tax on them is not a problem at all especially if their Government thinks that it will help their economy or their country in a way, as long as it won't be use on their Government officials personal use (hopefully), then it's all good. Most of the countries around the globe do put taxes on gambling platforms (casinos, and gambling sites).
The pandemic gave all of us a huge problem and one of them is that most of the economic sectors suffers in the sudden declination of sales, causing the economy to fall down, and that's where taxes are being use to support our economy.
Even if the pandemic affected negatively many industries there were many that saw a huge spike in the demand, and one of them was the gambling industry, with the lockdowns that we suffered all around the world people needed not only a way to entertain themselves but also a way to find some excitement in their lives and gambling gave that excitement to some of those people, something that was no small feat because as we know even if it seems the pandemic is finally being put under control a great deal of psychological issues were created because people were not ready to face social isolation for such a long period of time. There's a demand for basic needs and entertainment as well, and since we are afraid to go out because of the virus, we prefer to get that entertainment at home and online gambling is one of the biggest tools that give us that entertainment. It's just also correct that the government would be able to benefit from it, increase the taxes to increase their revenue as the economy has been struggling due to covid-19. 10% is not that huge, why not give it to the government? I have seen a lot much higher percentage of tax in gambling from other countries. So yes, 10% is not that much, and they will not go bankrupt if they will pay that to their government. After all, during this pandemic, online gambling is one of the industries that really do survive. People are stuck at their homes and one way that they got into is online gambling. If they can afford to gamble, it means they have enough money to spend on this entertainment. And that gambling casino should not be so tight in sharing their income to the government.
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Hippocrypto
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June 26, 2021, 11:37:47 PM |
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Those proposal might be good on bigger gambling operations, but not good for online platform. On my personal views here, we can only figure our certain aspects that totally be done for licenced operation. Conflict towards public is the reason why tax is implemented in serious basis, though with online betting I think charges will only applies for transaction fees.
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STT
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June 26, 2021, 11:58:02 PM |
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10% taken from just profits might be ok but 10% taken out of revenue would be possibly a reason for that business to close and lose considerably to competitors. It depends how its administrated, far better if they take a low amount of 1% but allow gambling to raise its revenues by 10x the amount thereby resulting in the same net contribution to the governments fiscal budget. Also I'd mention regularity, overly harsh taxation will lead to short term gains but the tax will fall year on year as its not possible to continue, there is no option of right or wrong here just governments must be sensible in recognizing the world of betting is global and their populations are not captive in their spending habits. Quite a few governments only work well for a few years because they are unable to foster growth in their economies, the biggest reason is very often interference with free commerce.
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Oshosondy
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June 28, 2021, 08:33:25 AM |
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If the taxes are expensive, but the services you have access in retribution are decent I think there is nothing wrong in paying more.
It is not only about decent or pleasing service now, it may not even be pleasing service if the tax collected from winners/punters is too high, what makes a service pleasing is the net gain after winning and also about the intrinsic services provided. If no kyc crypto gambling sites are also decent and pleasing, many people can leave the high tax gambling sites to no kyc crypto ones that do not demand for tax.
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Japinat
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June 28, 2021, 01:28:10 PM |
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If the taxes are expensive, but the services you have access in retribution are decent I think there is nothing wrong in paying more.
It is not only about decent or pleasing service now, it may not even be pleasing service if the tax collected from winners/punters is too high, what makes a service pleasing is the net gain after winning and also about the intrinsic services provided. If no kyc crypto gambling sites are also decent and pleasing, many people can leave the high tax gambling sites to no kyc crypto ones that do not demand for tax. I don't know why some people are worried about tax on gambling sites, isn't it taxes are for casinos only and not on the gamblers. I mean, they are the ones who are making money, most gamblers are spending money just to be entertained, so we don't pay taxes on entertainment, I think that makes sense, right?
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Oshosondy
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June 28, 2021, 02:45:50 PM |
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I don't know why some people are worried about tax on gambling sites, isn't it taxes are for casinos only and not on the gamblers. I mean, they are the ones who are making money, most gamblers are spending money just to be entertained, so we don't pay taxes on entertainment, I think that makes sense, right?
I do not know what you meant by this, but you either meant that only gambling companies will pay tax? Or most gamblers would have lost while losses will first be deducted before paying tax? Yes about this second one. But taxes in gambling industry depends on the governmental laws and policies towards gambling, there are some countries that only the gambling companies that provide gambling services will only be the ones to pay while punters will not pay any tax irrespective of any gain they made, but there are countries in which the punters will have to pay tax of any net gain, which means if the gamblers is losing already, he will not have to pay until he gained back all his losses.
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dimonstration
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June 28, 2021, 07:52:24 PM |
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If the taxes are expensive, but the services you have access in retribution are decent I think there is nothing wrong in paying more.
It is not only about decent or pleasing service now, it mnot even be pleasing service if the tax collected from winners/punters is too high, what makes a service pleasing is the net gain after winning and also about the intrinsic services provided. If no kyc crypto gambling sites are also decent and pleasing, many people can leave the high tax gambling sites to no kyc crypto ones that do not demand for tax. I don't know why some people are worried about tax on gambling sites, isn't it taxes are for casinos only and not on the gamblers. I mean, they are the ones who are making money, most gamblers are spending money just to be entertained, so we don't pay taxes on entertainment, I think that makes sense, right? Know that they will for sure to allot those taxes in their new gees or prices since its a additional operating cost. The casino will sure to be tax but where they will get the payment? Probably to their users that they can charge thru their players or thru requiring some minimum value in playing to take care of the fees including tax sin e all online activities were banked now.
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South Park
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July 01, 2021, 08:03:20 PM |
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Even if the pandemic affected negatively many industries there were many that saw a huge spike in the demand, and one of them was the gambling industry, with the lockdowns that we suffered all around the world people needed not only a way to entertain themselves but also a way to find some excitement in their lives and gambling gave that excitement to some of those people, something that was no small feat because as we know even if it seems the pandemic is finally being put under control a great deal of psychological issues were created because people were not ready to face social isolation for such a long period of time.
There's a demand for basic needs and entertainment as well, and since we are afraid to go out because of the virus, we prefer to get that entertainment at home and online gambling is one of the biggest tools that give us that entertainment. It's just also correct that the government would be able to benefit from it, increase the taxes to increase their revenue as the economy has been struggling due to covid-19. 10% is not that huge, why not give it to the government? And I agree with you a 10% tax is reasonable and in fact where I live the tax is way higher, casinos in my country will do anything to get such a low tax placed on them unfortunately this is not possible, and when we take into account the difficult situation that countries are in because of the pandemic then it makes sense they want to raise the taxes, now this is unpopular everywhere but to me is way better that countries raise taxes than the alternative which is that they print more money.
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Fatunad
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July 01, 2021, 09:37:45 PM |
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Even if the pandemic affected negatively many industries there were many that saw a huge spike in the demand, and one of them was the gambling industry, with the lockdowns that we suffered all around the world people needed not only a way to entertain themselves but also a way to find some excitement in their lives and gambling gave that excitement to some of those people, something that was no small feat because as we know even if it seems the pandemic is finally being put under control a great deal of psychological issues were created because people were not ready to face social isolation for such a long period of time.
There's a demand for basic needs and entertainment as well, and since we are afraid to go out because of the virus, we prefer to get that entertainment at home and online gambling is one of the biggest tools that give us that entertainment. It's just also correct that the government would be able to benefit from it, increase the taxes to increase their revenue as the economy has been struggling due to covid-19. 10% is not that huge, why not give it to the government? And I agree with you a 10% tax is reasonable and in fact where I live the tax is way higher, casinos in my country will do anything to get such a low tax placed on them unfortunately this is not possible, and when we take into account the difficult situation that countries are in because of the pandemic then it makes sense they want to raise the taxes, now this is unpopular everywhere but to me is way better that countries raise taxes than the alternative which is that they print more money. Alteration of percentage would vary on each government because not all government would have the same decision when it comes to this and 10% is just really reasonable even here on my country they do impose 12% when it comes to tax but i dont know if other businesses or industries would have been implementing on the same level or way more higher and since im not really that keen on checking out those information then it might be just the same or higher or something like that. Thing here is that taxation would really turn out to be a default thing because this is the blood of the economy on a certain country or place and its just impossible for businesses on having no tax at all.
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Japinat
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July 01, 2021, 09:44:53 PM |
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I don't know why some people are worried about tax on gambling sites, isn't it taxes are for casinos only and not on the gamblers. I mean, they are the ones who are making money, most gamblers are spending money just to be entertained, so we don't pay taxes on entertainment, I think that makes sense, right?
I do not know what you meant by this, but you either meant that only gambling companies will pay tax? Or most gamblers would have lost while losses will first be deducted before paying tax? Yes about this second one. But taxes in gambling industry depends on the governmental laws and policies towards gambling, there are some countries that only the gambling companies that provide gambling services will only be the ones to pay while punters will not pay any tax irrespective of any gain they made, but there are countries in which the punters will have to pay tax of any net gain, which means if the gamblers is losing already, he will not have to pay until he gained back all his losses. Yes, I meant the gambling sites will be the only ones who will pay taxes and let the gamblers enjoy their winning, and eventually they will still lose it when they come back. it's also easier to track the performance of the casino than the gamblers, and since casinos are profitable, they should only be the one who will pay, this way it will attract gamblers to gamble as they are getting real entertainment without tax liability.
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