Does implementing a tax on a gambling platform really help a country?

[AmoreJaz]

To have an idea of how much percentage the government should tax the gambling platforms avail to there nation, you ought to have an idea of there annual earnings and this is one thing most organisations or establishments are never truthful on.

On the notion of if, taxing gambling platforms is actually beneficial to the nation and its citizen, I'll answer by saying,

Is the idea of taxation actually beneficial to a nation?

If the answer to this question is YES! Then taxing gambling platforms makes no difference. What should be the major concern is, if the tax levied on the platforms are fair. Once its fair then, its all good.

and this is why, some can afford to pay higher taxes because they are really earning good profits. about being truthful about their annual earnings, i guess it is also happening not only to the gambling industry. and this is the reason why there are corrupt officials because they can manipulate the financial books of the company they are assigned to and get the kickback of doing so.
and also, if the tax will be the reason of bankruptcy of a specific casino, i think, this casino can always arrange a discussion to the government and discuss that they can't afford to pay such high percentage of tax. they can always meet in the middle to have a win-win situation to both sides.

[1714766578]

1714766578

[1714766578]

1714766578

[STT]

Tax is the blood of the economy

Tax is the blood donation from the economy, ideally a government should not drain so much blood the economy dies.   The best tax to levy would very low percentages in order to encourage all global gambling to want to reside in that country rather then the opposite which requires walls to be built to stop customers, business and trade fleeing from oppressive regimes which contribute nothing towards the operation of an otherwise stable business.  Even if a government is not corrupt, by its nature government is an expense which is costing all residents where as all other trade must compete and be the best the government relies on guns to enforce its legitimacy is often the worst operation and value to any user.

[tabas]

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.  

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

[Hippocrypto]

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

If the Government would benefit transparently, I would agree that's good to tax gambling but not on the situation of over taxation. Sometimes, there's a unfair treatment for this certain business as they will impose some strict rules towards it, that's why the gambling operations will be forced to pay for bigger tax. Hopefully if this would come to an implementation, it would come to a fair taxation bracket in order that the equal opportunity will be given same with other business operations that paid legit taxes.

[Lanatsa]

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.  

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

This is all about tax and theres no such business would really be exempt on this one because we know on what are the usage and benefits of taxes if its really be applied or used on the right way.

Tax is the blood of the economy and its a crucial thing that the government would really be minding about on getting taxes not only limited to gambling business but other businesses as well.

For a country to progress then it would really be needing on the help of tax.

[chaser15]

casinos should also be giving the privilege to operate without the government's interference.

I totally disagree with this.

Giving such privilege will also allow illegal gambling operators to operate freely. With these taxes, somehow it can minimize the growth of some illegal gambling as operators there need to pay tax which they don't like obviously.

Let alone tax be implemented to the casinos. The only problem here is the percentage of tax but it can be discussed and arranged properly in a plenary session.

[tabas]

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.  

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

This is all about tax and theres no such business would really be exempt on this one because we know on what are the usage and benefits of taxes if its really be applied or used on the right way.

Tax is the blood of the economy and its a crucial thing that the government would really be minding about on getting taxes not only limited to gambling business but other businesses as well.

For a country to progress then it would really be needing on the help of tax.

It is an important source of funding for a government to proceed with its project. And that's why there has been several countries that have been open with gambling, physically but they've banned the online casinos. There's a reason why they've done that and it's all up to your understanding why they did it. Taxation from casinos without a doubt really helps a country.

[milewilda]

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

-Why it wouldnt help? Of course on where tax does play a great role when it comes to countries development.
-I do only see Pro's on where development and progress would be there but only if those taxes had been used on the right way and wouldnt be corrupted or stolen.
-Percentage will vary because not all government would be having the same jurisdiction when it comes to this.
-House might really be showing off some increase since they had been asked for more bigger taxes but for sure it wouldnt really be that noticeable at all.

[AmoreJaz]

-Why it wouldnt help? Of course on where tax does play a great role when it comes to countries development.
-I do only see Pro's on where development and progress would be there but only if those taxes had been used on the right way and wouldnt be corrupted or stolen.
-Percentage will vary because not all government would be having the same jurisdiction when it comes to this.
-House might really be showing off some increase since they had been asked for more bigger taxes but for sure it wouldnt really be that noticeable at all.

just like any other business, they should also be taxed. maybe the only bit of difference is that the amount collected from gambling businesses is quite large as compared to other businesses. that is because some of them are really raking good money esp if there's too much foot traffic in that area. now, it depends on the government how they want to get money from this type of business. definitely, both camps will agree to whatever percentage the govt wants. otherwise, the gambling site will not thrive and that is also not good from the govt, because they will lose their income from them.

[qwertyup23]

-Why it wouldnt help? Of course on where tax does play a great role when it comes to countries development.
-I do only see Pro's on where development and progress would be there but only if those taxes had been used on the right way and wouldnt be corrupted or stolen.
-Percentage will vary because not all government would be having the same jurisdiction when it comes to this.
-House might really be showing off some increase since they had been asked for more bigger taxes but for sure it wouldnt really be that noticeable at all.

just like any other business, they should also be taxed. maybe the only bit of difference is that the amount collected from gambling businesses is quite large as compared to other businesses. that is because some of them are really raking good money esp if there's too much foot traffic in that area. now, it depends on the government how they want to get money from this type of business. definitely, both camps will agree to whatever percentage the govt wants. otherwise, the gambling site will not thrive and that is also not good from the govt, because they will lose their income from them.

Upon the determination of the government on which platform to tax, it evaluates each business on whether they are profitable or liquid enough that the cashflow is steady enough. Unfortunately, they targeted online gambling platforms since the income that these businesses earn per year is just mind-blowing compared to any other businesses.

As we all know, tax is the lifeblood of the government since it allows them to spend for future projects, etc. But the taxing power must be exercised with discretion because it also has the power to destroy- high taxes can potentially cripple a business.

[Natalim]

-Why it wouldnt help? Of course on where tax does play a great role when it comes to countries development.
-I do only see Pro's on where development and progress would be there but only if those taxes had been used on the right way and wouldnt be corrupted or stolen.
-Percentage will vary because not all government would be having the same jurisdiction when it comes to this.
-House might really be showing off some increase since they had been asked for more bigger taxes but for sure it wouldnt really be that noticeable at all.

just like any other business, they should also be taxed. maybe the only bit of difference is that the amount collected from gambling businesses is quite large as compared to other businesses. that is because some of them are really raking good money esp if there's too much foot traffic in that area. now, it depends on the government how they want to get money from this type of business. definitely, both camps will agree to whatever percentage the govt wants. otherwise, the gambling site will not thrive and that is also not good from the govt, because they will lose their income from them.

Upon the determination of the government on which platform to tax, it evaluates each business on whether they are profitable or liquid enough that the cashflow is steady enough. Unfortunately, they targeted online gambling platforms since the income that these businesses earn per year is just mind-blowing compared to any other businesses.

As we all know, tax is the lifeblood of the government since it allows them to spend for future projects, etc. But the taxing power must be exercised with discretion because it also has the power to destroy- high taxes can potentially cripple a business.

No government that is concerned with its economy will put lavish taxes on any business, they have to ensure that the business could still operate profitably with taxes, otherwise, the tax is just created to kill the business and the revenue would only be temporary. This business industry is huge, if they don't get fair treatment in terms of taxes, they will operate overseas where taxes are reasonable.

[Erdogan]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary. So in the case of how the casino earned, it accounts for it and pays the tax. If casion has lost, pay nothing, just like every citizen.
High taxes for casinos are bad for players because casinos have to increase the chance of their own winning, which makes it for players less likely to win. Consequently, it is the players who lose the most.

[Kelvinid]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary.

I don't think it should be treated that way, casinos for sure do not belong to taxes on salary, so you are saying those who are tax-like salary are those who are making a profit in casinos? Casinos operate as a business, they have their income and expenses, and as long as they are in profit after a certain period, they should also pay the corresponding tax. It's a complicated matter especially if we are not well versed with taxation, but in simple terms, we can understand that business does always pays taxes, different forms of taxes actually but the most common is the income tax.

[KTChampions]

I don't think it should be treated that way, casinos for sure do not belong to taxes on salary, so you are saying those who are tax-like salary are those who are making a profit in casinos? Casinos operate as a business, they have their income and expenses, and as long as they are in profit after a certain period, they should also pay the corresponding tax. It's a complicated matter especially if we are not well versed with taxation, but in simple terms, we can understand that business does always pays taxes, different forms of taxes actually but the most common is the income tax.

I think everyone agrees that casinos are a business and therefore, like any business, they must pay taxes. Disputes begin when we talk about the tax on winnings. In my opinion, it should be zero or something very small. In the end, it is impossible to have a regular income from gambling, why not regard this as a gift of fate)

[romero121]

I don't think it should be treated that way, casinos for sure do not belong to taxes on salary, so you are saying those who are tax-like salary are those who are making a profit in casinos? Casinos operate as a business, they have their income and expenses, and as long as they are in profit after a certain period, they should also pay the corresponding tax. It's a complicated matter especially if we are not well versed with taxation, but in simple terms, we can understand that business does always pays taxes, different forms of taxes actually but the most common is the income tax.

I think everyone agrees that casinos are a business and therefore, like any business, they must pay taxes. Disputes begin when we talk about the tax on winnings. In my opinion, it should be zero or something very small. In the end, it is impossible to have a regular income from gambling, why not regard this as a gift of fate)

Yes, it is pure business where luck has got importance. So taxation on gambling houses and winnings is right. Each and every country depends on the tax money, because it'll be the major earning to the government. In my country when one wins a lottery he/she will be provided almost 60% while the 40% counts on different forms of taxes. So government is benefitting big. As said it is good when the taxation is made on wins above specific amount.

[Erdogan]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary.

I don't think it should be treated that way, casinos for sure do not belong to taxes on salary, so you are saying those who are tax-like salary are those who are making a profit in casinos? Casinos operate as a business, they have their income and expenses, and as long as they are in profit after a certain period, they should also pay the corresponding tax. It's a complicated matter especially if we are not well versed with taxation, but in simple terms, we can understand that business does always pays taxes, different forms of taxes actually but the most common is the income tax.

Sorry, I wrote it the wrong way. I meant "income" just like any other person or company - obviosly salary was wrong word here.
Of course, my point was that casinos should be treated just like any other company in terms of taxation. The only difference may be granting special licenses and remaining under the supervision of external institutions.

[chaser15]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary. So in the case of how the casino earned, it accounts for it and pays the tax. If casion has lost, pay nothing, just like every citizen.

You don't know how taxation works? Casinos are big business and you want them to pay tax the same as an individual employed person?

Are you fine that casino operators operated by rich businessmen will just pay a few cents of tax to the government while another small business operated by a small group or individuals is complying with the set tax for them?

Even we will replace the word "salary" with "income", casinos' tax should not be the same as other businesses.

High taxes for casinos are bad for players because casinos have to increase the chance of their own winning, which makes it for players less likely to win. Consequently, it is the players who lose the most.

Where did you get that idea?

[uneng]

I don't think it should be treated that way, casinos for sure do not belong to taxes on salary, so you are saying those who are tax-like salary are those who are making a profit in casinos? Casinos operate as a business, they have their income and expenses, and as long as they are in profit after a certain period, they should also pay the corresponding tax. It's a complicated matter especially if we are not well versed with taxation, but in simple terms, we can understand that business does always pays taxes, different forms of taxes actually but the most common is the income tax.

I think everyone agrees that casinos are a business and therefore, like any business, they must pay taxes. Disputes begin when we talk about the tax on winnings. In my opinion, it should be zero or something very small. In the end, it is impossible to have a regular income from gambling, why not regard this as a gift of fate)

Yes, it's already hard enough to hit a nice prize in gambling and finally when someone win the jackpot the government is ready to take a big piece of the cake. Interesting that when we lose, the government doesn't share the loss with us, but when we win we must share our winnings with the government.
This kind of situation gives some notion about how things really work and how the government is not worried about anyone else besides themselves collecting maximum money as possible from people. Then someone might say these taxes will be returned to people in public services. And I would say this money is only going to public employees pockets, because the country has a lot of them to maintain.

[zanezane]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary. So in the case of how the casino earned, it accounts for it and pays the tax. If casion has lost, pay nothing, just like every citizen.
High taxes for casinos are bad for players because casinos have to increase the chance of their own winning, which makes it for players less likely to win. Consequently, it is the players who lose the most.

No I don't think it's good that it will be based on salary, remember that gambling houses are a really good money makers and they are a business establishment so I don't think that making it equal with workers wages is kind of disrespectful to the workers who get taxed. It should be much higher too because as you have said, players are the one who lose the most and not the house.

[Reatim]

In my opinion, the gambling tax for casinos should be the same as the regular tax from salary. So in the case of how the casino earned, it accounts for it and pays the tax. If casion has lost, pay nothing, just like every citizen.
High taxes for casinos are bad for players because casinos have to increase the chance of their own winning, which makes it for players less likely to win. Consequently, it is the players who lose the most.

No I don't think it's good that it will be based on salary, remember that gambling houses are a really good money makers and they are a business establishment so I don't think that making it equal with workers wages is kind of disrespectful to the workers who get taxed. It should be much higher too because as you have said, players are the one who lose the most and not the house.

Don't post as if You understand what you are quoting , he is referring to the percentage depend on how much the casino sites are gaining.

but not necessarily mean they will put the same as what the workers get.

Example the government will put at least 10% of the total profit then if they earn million then they will pay Hundred thousand . but if they lose then they pay nothing .

and how come this become a disrespect to the worker comparing to their wages? they are being paid so as the tax must.