nakamura12
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June 18, 2021, 12:43:57 PM |
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There are physical casinos that payed taxes already which most of them are legalized by the government but I agree with the first post that taxes will only go to the corrupt government officials and the opposite if the government officials are not corrupt. Though some might be corrupt but still those corrupt officials didn't take all the money got from taxes. The answer to your question is YES and NO. The explaination is I already explained it above. ^
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DU18
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June 18, 2021, 01:15:20 PM |
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Gambling is a big business and is always loved by many people and even gamblers do not hesitate to spend their money at casinos, so that with the implementation of taxes, of course, it can help state revenue in terms of taxes. Many countries in the world take advantage of this, so these countries legalize gambling in their countries, and I am very sure that this business can encourage the country's economic improvement because casinos are never empty of visitors, but even so the government that legalizes gambling should have a special authority that handles gambling problems and the financial transparency obtained from the tax must be conveyed to the public, so that the government can prevent the occurrence of gambling tax evasion.
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michellee
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June 18, 2021, 01:37:57 PM |
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Much of this depends on the level of corruption in the country. If the level of corruption is low, then of course any taxation will benefit the citizens, as the funds received from the budget will be used to solve important social problems, but the level of corruption is high, then it is likely to bring more negative consequences.
Indeed. We hope that the country officer does not commit corruption so the tax can directly send to the country balance without any cutting for the corruption. But if that is about big money from gambling, it will look like "hot money" for the corrupt officer or the officer who gets seduced to take some amount because of knowing the total amount of the tax money. Therefore, it really needs protection from clean officers who will guard the money against the corrupt people and the lesser officers who know about that money will be better.
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Distinctin
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June 18, 2021, 01:40:06 PM |
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There are physical casinos that payed taxes already which most of them are legalized by the government but I agree with the first post that taxes will only go to the corrupt government officials and the opposite if the government officials are not corrupt. Though some might be corrupt but still those corrupt officials didn't take all the money got from taxes. The answer to your question is YES and NO. The explaination is I already explained it above. ^
I would not think that way, why would they go to the corrupt officials? Maybe if the government itself is corrupt, then the officials that are running the country are corrupt, and no country would prosper that way. We are talking about the general effect of a country here, not a condition of what if the officials are corrupt because we already know the obvious answer in that situation.
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johhnyUA
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June 18, 2021, 02:05:17 PM |
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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...
The main pros that is fulfilling budget of the country with a lot of money. And this will not affect gamblers, if gambling industry is properly controlled by the law. In Las Vegas for example, casinos trying to force you to spend you money from gambling on their hotel or restaurant, because taxes for this types of business is much less than on gambling. About tax percentage i'm not sure, because i unfamiliar with gambling business. Different businesses needs different tax policy as you may now.
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RealMalatesta
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June 18, 2021, 05:32:50 PM |
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Any tax that the government will receive is considered as income, hence it will help in the financial aspect.
However, a country cannot just accept gambling operators and give them license without proper control, they should also look at the effect of the people within a country if overall it will not give a positive effect like it will increase the gambling addiction or the crime due to gambling, then there's no reason to be more aggressive in issuing a license, everything should be foreseen so risk could be managed.
The Philippines have POGO, these are gambling operators that are foreigners and cater only foreigners, so this way it will not make people addicted but the people will benefit from taxes through the government.
The problem with taxes is that people do not feel like their taxes goes to right place and in almost every nation that's correct. There are Scandinavian nations where your taxes goes to education, health and many other great stuff and people live a very happy life, Norway is considered the happiest nation of all time for example, they are living a great life and they are living very comfortably with a very high tax rate because they know that their taxes come back and help them a ton. However in USA for example, you pay a ton of taxes and most of that goes to giving tax breaks to big corporations and pay for the huge military budget, last I checked USA was spending more on military than next 25 highest spenders combined, realize how big that is? 25 nations who spend the most money on military all combined do not spend as much as USA. So when implementing tax on gambling is a question it is not of "why" it is more like "then what?".
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geegaw
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June 18, 2021, 08:07:08 PM |
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Gambling is a big business and is always loved by many people and even gamblers do not hesitate to spend their money at casinos, so that with the implementation of taxes, of course, it can help state revenue in terms of taxes. Many countries in the world take advantage of this, so these countries legalize gambling in their countries, and I am very sure that this business can encourage the country's economic improvement because casinos are never empty of visitors, but even so the government that legalizes gambling should have a special authority that handles gambling problems and the financial transparency obtained from the tax must be conveyed to the public, so that the government can prevent the occurrence of gambling tax evasion.
You also see that the casino is never without players and they also intend to be public and can always pay taxes to the government but very few countries can regulate this gambling system, the problem is not the casino, we are talking about the participation rate, many people did not earn income and lost more assets to the casino. Receive tax money to contribute to society, but society begins to have more cases of bankruptcy, even becoming poor, this part of tax is not really easy to swallow and can develop a country like many people's vision
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KTChampions
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June 18, 2021, 08:27:08 PM |
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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...
Any business that works in order to make a profit should be taxed, this is obvious and reasonable. Regarding the players, I have a different opinion - in my opinion, winnings should not be taxed at all or at a meager rate. The only problem that arises with this option is the emergence of the opportunity to cheaply legalize dirty money, but probably they just need to work better (the police) and look for dirty money at the time of earning it.
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Quidat
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June 18, 2021, 08:29:33 PM |
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There are physical casinos that payed taxes already which most of them are legalized by the government but I agree with the first post that taxes will only go to the corrupt government officials and the opposite if the government officials are not corrupt. Though some might be corrupt but still those corrupt officials didn't take all the money got from taxes. The answer to your question is YES and NO. The explaination is I already explained it above. ^
I would not think that way, why would they go to the corrupt officials? Maybe if the government itself is corrupt, then the officials that are running the country are corrupt, and no country would prosper that way. We are talking about the general effect of a country here, not a condition of what if the officials are corrupt because we already know the obvious answer in that situation. Not that really bad on mentioning about corrupt because not all governments in the world would really be having the same behavior in towards on handling out taxes well and should be apply into things on where it should really be allocated or to be used on because there are places on the world where taxes is the main source of funds where these corrupt officials do stole on for their own benefit and yes its no brainer and no question about the outcome and of course there would be no progress for that one and this shouldn't really be a good example. Gambling businesses is normally should be imposed by taxes just like any other typical businesses because we know the vital role of tax on a certain countries economy.
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Tumanggor
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June 18, 2021, 09:37:08 PM |
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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...
1. Taxes are the duty of every business as a support to the government and gambling is a business with big money in circulation 2. each country must apply a different tax on each of its citizens and in my opinion, the fair limit of the tax is 4% of the gambling winnings 3. some gamblers would think gambling tax is a bad thing but I don't think it is 4. This is again at the discretion of each country, but I think the owner of the gambling business is the one who is obliged to pay the gambling tax
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Vaskiy
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June 18, 2021, 09:51:55 PM |
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Taxes will help each and every country in terms of financial development. When we talk of cryptocurrency accepted gambling, there is no perfect process by which one has to pay tax. Importantly people find it a way to avoid paying taxes.
The gambling service providers were mostly located on countries that give the best support on running the platform. Those countries will benefit good out of gambling in terms of tax. First of all countries need to prioritise legalizing/regulating the usage of cryptocurrencies, only then taxation can be made effective.
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suzanne5223
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June 18, 2021, 10:45:42 PM |
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Does implementing tax in a gambling help a country? Oh no. It only help the country to raise some funds which can use for the development of the country and for the tax fund to help the country depend on the government corruption level, we have seen a lot of countries with good resource which is enough to generate betterment for the country in spite that the countries are still poor. But, if the government are not corrupt and use the country fund very well, yes tax fund will help the country to grow.
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tabas
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June 18, 2021, 10:55:49 PM |
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Tax implementation on gambling platform are mostly done by majority of developed countries which are means to track down online enterprises in making sure that due obligations are enforced. Developing and less developed countries has no time or system to track down online business enterprises maybe because of their less exposure and corruption in the taxing system.
And that's why most of the developing countries are easy to impose ban on online casinos because they're more focused on the physical casinos so that the taxation are for real and easy for them to collect. Unlike the online casinos, they can just fly everywhere they can and cannot be caught by the authorities if they evade taxes.
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BuNga_cute
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June 18, 2021, 11:29:47 PM |
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Tax implementation on gambling platform are mostly done by majority of developed countries which are means to track down online enterprises in making sure that due obligations are enforced. Developing and less developed countries has no time or system to track down online business enterprises maybe because of their less exposure and corruption in the taxing system.
And that's why most of the developing countries are easy to impose ban on online casinos because they're more focused on the physical casinos so that the taxation are for real and easy for them to collect. Unlike the online casinos, they can just fly everywhere they can and cannot be caught by the authorities if they evade taxes. I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos. The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos. Because in a pandemic situation like now, online casino users are higher than people who play in physical casinos. Therefore my prediction in the future all online casinos will apply KYC, because surely the government is aware of the great opportunities that can be obtained if imposing taxes on online casinos.
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Betwrong
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June 19, 2021, 09:12:05 AM |
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Any tax that the government will receive is considered as income, hence it will help in the financial aspect.
However, a country cannot just accept gambling operators and give them license without proper control, they should also look at the effect of the people within a country if overall it will not give a positive effect like it will increase the gambling addiction or the crime due to gambling, then there's no reason to be more aggressive in issuing a license, everything should be foreseen so risk could be managed.
The Philippines have POGO, these are gambling operators that are foreigners and cater only foreigners, so this way it will not make people addicted but the people will benefit from taxes through the government.
This is an interesting approach to taxing gambling, but I don't fully understand how it works. Firstly, how can they tax foreigners? As far as I know, foreigners should pay taxes in their own countries, no? Secondly, although Philippine Offshore Gaming Operators are are targeting foreign customers, Chinese mainly, and their websites are blocked in Philippines, how this blocking thing is effective in reality?
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BITCOIN4X
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June 19, 2021, 09:36:08 AM |
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I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos. It really depend on which country the ban is enforced. For a country where the majority of the population is Muslim, the ban will be welcomed by all circle, although some people can still access gambling site. The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos. For a non-Muslim majority country, it is still possible for the government to regulate casino instead of having to ban them and impose taxes. Unfortunately all Muslim countries will not legalize gambling and receive taxes from gambling because it will cause a reaction of rejection from the population.
So far I agree that taxes can help the government get more money that might be useful for economic recovery and other infrastructure during the pandemic.
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tabas
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June 20, 2021, 08:23:13 AM |
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Tax implementation on gambling platform are mostly done by majority of developed countries which are means to track down online enterprises in making sure that due obligations are enforced. Developing and less developed countries has no time or system to track down online business enterprises maybe because of their less exposure and corruption in the taxing system.
And that's why most of the developing countries are easy to impose ban on online casinos because they're more focused on the physical casinos so that the taxation are for real and easy for them to collect. Unlike the online casinos, they can just fly everywhere they can and cannot be caught by the authorities if they evade taxes. I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos. The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos. Because in a pandemic situation like now, online casino users are higher than people who play in physical casinos. Therefore my prediction in the future all online casinos will apply KYC, because surely the government is aware of the great opportunities that can be obtained if imposing taxes on online casinos. When those citizens got caught, they'll have the punishment made by the government if they gamble to an online casino and there's a nationwide ban for online casinos. Some countries do that because they want to strengthen their local casinos so that there won't be any exploitation that shall happen online and most taxes will come from the local casinos because some online casinos don't pay for it.
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pinggoki
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June 20, 2021, 04:37:37 PM |
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In my very own opinion, implementing a tax on any gambling platform will really help a certain country because they will be able to pay taxes, and to that reason, the economy of a certain country will really boost up and due to this happening that gambling platforms will implement to pay taxes every quarter of the year the money that will get from the taxes will be able to help to build a bridge, roads and etc.
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jostorres
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June 20, 2021, 06:22:02 PM |
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I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos. The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos. Because in a pandemic situation like now, online casino users are higher than people who play in physical casinos. Therefore my prediction in the future all online casinos will apply KYC, because surely the government is aware of the great opportunities that can be obtained if imposing taxes on online casinos.
Well, people can always gamble online but they can be easily caught too because everyone has their unique IP addresses noted when they visit a website and the local authorities can anytime track IP addresses to corner such gamblers. Banning online gambling is sometimes important because there is almost no way to verify the loss and profit stats of the players and hence the government loses control over their citizens. Online gambling with crypto is even more anonymous and hence a lot of countries are getting strict towards such platforms because you can make different accounts and play leaving behind no way to count your wager. People sometimes forget that taxes taken are going to contribute towards the nation's growth and worth paying it, but I am against insane taxes which some countries have imposed on gambling winnings.
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dezoel
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Leading Crypto Sports Betting & Casino Platform
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June 20, 2021, 07:43:38 PM |
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Implementing taxes on gambling is good as long as the money collected from the taxes goes towards the right work. I mean taxes are the reason behind roads, schools, etc and basically the whole economy revolves around taxes. Sometimes the taxes are collected but not used for the right work instead some corrupt individuals will use it for their own good which is where the taxes are not worth it.
Gambling is a means of entertainment and people should have no problem paying a small tax if they earned something while having fun at gambling but the problem is that most of the times money collected from taxes go towards individuals rather than the economy which is why a lot of people want to evade taxes.
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