Bitcoin Forum
October 31, 2024, 09:04:44 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 »  All
  Print  
Author Topic: Does implementing a tax on a gambling platform really help a country?  (Read 1323 times)
TheGreatPython
Sr. Member
****
Offline Offline

Activity: 2660
Merit: 339


View Profile
June 20, 2021, 07:45:56 PM
 #101

What are the pros and cons of it?
I think the advantage of having higher taxes on gambling is that it detaches people from gambling and forces them to do something more constructive because although as fun as gambling might be, it is not a constructive way of spending time and time.

The only disadvantage of having higher taxes is that people might want to use illegal means of gambling since they want to avoid these taxes.

What should be the proper tax percentage for you that they should impose.
There is no pre-determined number in my mind but it should be small enough to keep the players away from illegal gambling sites and big enough to make sure gamblers feel bad about paying it and feel negative when gambling.

Will this be a bad thing for gamblers?
Yes, because they have to overcome the house and later pay tax if they win but in the long term it isn't a bad thing for gamblers because the intention behind taxes is to create disinterest towards gambling.
blockman
Hero Member
*****
Offline Offline

Activity: 3094
Merit: 629


Vave.com - Crypto Casino


View Profile
June 20, 2021, 09:46:25 PM
 #102

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.
There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part.

ReiMomo
Sr. Member
****
Offline Offline

Activity: 2366
Merit: 305


Duelbits - $100k Bonus/week


View Profile
June 20, 2021, 10:00:02 PM
 #103

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.
There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part.
I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.

Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.

.
Duelbits
█▀▀▀▀▀











█▄▄▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAMES!
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
DICE 
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
███████████████████████████████
███▀▀                     ▀▀███
███    ▄▄▄▄         ▄▄▄▄    ███
███   ██████       ██████   ███
███   ▀████▀       ▀████▀   ███
███                         ███
███                         ███
███                         ███
███   ▄████▄       ▄████▄   ███
███   ██████       ██████   ███
███    ▀▀▀▀         ▀▀▀▀    ███
███▄▄                     ▄▄███
███████████████████████████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
MINES 
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
███████████████████████████████
████████████████████████▄▀▄████
██████████████▀▄▄▄▀█████▄▀▄████
████████████▀ █████▄▀████ █████
██████████      █████▄▀▀▄██████
███████▀          ▀████████████
█████▀              ▀██████████
█████                ██████████
████▌                ▐█████████
█████                ██████████
██████▄            ▄███████████
████████▄▄      ▄▄█████████████
███████████████████████████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
PLINKO 
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
███████████████████████████████
█████████▀▀▀       ▀▀▀█████████
██████▀  ▄▄███ ███      ▀██████
█████  ▄▀▀                █████
████  ▀                    ████
███                         ███
███                         ███
███                         ███
████                       ████
█████                     █████
██████▄                 ▄██████
█████████▄▄▄       ▄▄▄█████████
███████████████████████████████
10,000x
MULTIPLIER
▀▀▀▀▀█











▄▄▄▄▄█
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 3066
Merit: 542


Leading Crypto Sports Betting & Casino Platform


View Profile
June 21, 2021, 05:52:11 AM
 #104

I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.

Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
The tax will be for building anything necessary for our country. The government already knows the tax allocation because they already have a master plan of what they will do with the tax. But if we talk about corruption, I am not sure that all officers can prevent corruption because it is happening in many countries. But there will be an officer who will stay away from corruption because they know that will break their integrity to take care of the taxes.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
bitterguy28
Full Member
***
Offline Offline

Activity: 2184
Merit: 182


“FRX: Ferocious Alpha”


View Profile WWW
June 21, 2021, 08:39:04 AM
 #105

I am not following this anymore, are there any dex casinos?
I think that there's still some in existence but it's hard to know if they really are actual dex casinos because that's what they're trying to say and describe themselves.
But if you look at their operations, you'll say that it's not a decentralized casino.
of course how can you put tax in decentralized casino ? of course this is a centralized one that they are talking about.
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.
But does the economy will really increase? or only the gambling operator and the politicians will benefits from this>? because the more the people lose is the more the economy down fall.

blockman
Hero Member
*****
Offline Offline

Activity: 3094
Merit: 629


Vave.com - Crypto Casino


View Profile
June 21, 2021, 08:48:26 AM
 #106

There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part.
I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.

Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
Yes, it's a sure thing that those will go with that said allocation. But as I've said too, if a country has already a good road and has perfect infrastructures, they won't just put it to that allocation. The government will put that through another sector that has been lack of funds and that's what I'm saying. As long as it's beneficial for the citizens of that country then that's where it's going to go. You enjoy to gamble, the casino gets taxed and they contribute to the service that the government is giving to its people freely.

KTChampions
Legendary
*
Offline Offline

Activity: 2506
Merit: 1959


Leading Crypto Sports Betting & Casino Platform


View Profile
June 21, 2021, 11:25:45 AM
 #107

I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.

Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Roidz
Sr. Member
****
Offline Offline

Activity: 1386
Merit: 250


1XBit.com


View Profile
June 21, 2021, 11:45:53 AM
 #108

I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.

Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
The tax will be for building anything necessary for our country. The government already knows the tax allocation because they already have a master plan of what they will do with the tax. But if we talk about corruption, I am not sure that all officers can prevent corruption because it is happening in many countries. But there will be an officer who will stay away from corruption because they know that will break their integrity to take care of the taxes.
maybe many of us don't want or approve of taxes, but basically taxes are an obligation for those of us who really want our country to keep running and strong, because with taxes, the government will be able to get income to build any infrastructure or help the poor who need it indeed it still exists in our country, I think it is very important to apply a tax on gambling because indeed the amount of money turnover that occurs in gambling is certainly very large, so that at least the government can take a little benefit from it and of course with the tax proceeds it will be able to prosper its people .

█▀▀▀











█▄▄▄
.
1xBit.com  Super Six 
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
6 BTC PRIZE POOL
.
TAKE PART
▀▀▀█











▄▄▄█
robelneo
Legendary
*
Offline Offline

Activity: 3416
Merit: 1225



View Profile WWW
June 21, 2021, 12:41:58 PM
 #109


Yes, it's a sure thing that those will go with that said allocation. But as I've said too, if a country has already a good road and has perfect infrastructures, they won't just put it to that allocation. The government will put that through another sector that has been lack of funds and that's what I'm saying. As long as it's beneficial for the citizens of that country then that's where it's going to go. You enjoy to gamble, the casino gets taxed and they contribute to the service that the government is giving to its people freely.
All government where gambling is legal knows that gambling can be a good source of revenues, they are not only taxing the casinos, they are taxing its employees, businesses that worked with casinos, and entertainers, casinos are business that generates business, here in our country the government is running casinos and lottery so the health sectors has a good flow of cash, so we can conclude that gambling platform can sustain the needs of the government.

..cryptomus..   
  
.
lllllllllllllllllll CRYPTO
PAYMENT GATEWAY
▄█▀▀██▄░░░▄█████▄░░░▄▀████▄
██░▀▄██░░░██▄░▄██░░░██▄▀▀▀█
██░▀▄██░░░███▄███░░░███░░▄█
▀▀▀▀▀░░░░░▀▀▀▀▀░░░░░▀▀▀▀▀
▄▄▄▄▄░░░░░▄▄▄▄▄░░░░░▄▄▄▄▄
███▀▄██░░░██▀░▀██░░░██▀▀▀▀█
██▀▄███░░░██░░░██░░░█▄███░█
▀█▄▄▄█▀░░░▀██▄██▀░░░▀█▄▄▄█▀

▄█████▄░░░▄█▀▀██▄░░░▄█████▄
█▀░█░▀█░░░█░▀░▀▀█░░░██▄░▄██
█▄█▄█▄█░░░███░▀▄█░░░███▄███
▀▀▀▀▀░░░░░▀▀▀▀▀░░░░░▀▀▀▀▀
ACCEPT
CRYPTO
PAYMENTS
..GET STARTED..
AicecreaME
Sr. Member
****
Offline Offline

Activity: 2436
Merit: 455


OrangeFren.com


View Profile
June 21, 2021, 02:05:34 PM
 #110

I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.

Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.

I agree.

However, playing outside the country would be hard especially if you're not a citizen on whichever country you'll go that doesn't have any tax in gambling. But it won't be a problem I guess if you're a popular person or a person that has many connections, but if you're just a normal man evading the tax in gambling in your country by playing abroad, it doesn't worth in my perspective.

████████████████████                                                    OrangeFren.com                                                ████████████████████
instant KYC-free exchange comparison
████████████████████     Clearnet and onion available #kycfree + (prepaid Visa & Mastercard)     ████████████████████
KTChampions
Legendary
*
Offline Offline

Activity: 2506
Merit: 1959


Leading Crypto Sports Betting & Casino Platform


View Profile
June 21, 2021, 03:59:03 PM
 #111

Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.

I agree.

However, playing outside the country would be hard especially if you're not a citizen on whichever country you'll go that doesn't have any tax in gambling. But it won't be a problem I guess if you're a popular person or a person that has many connections, but if you're just a normal man evading the tax in gambling in your country by playing abroad, it doesn't worth in my perspective.

It seems to me the opposite is true. If you are an ordinary person and do not play for large sums, then you will always find an option where you can play without KYC and without taxes. But if you are a famous person and play for large sums, then it is more difficult because the risk is great - in many countries tax evasion is a criminal offense, plus a famous person risks his reputation.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
fiulpro
Hero Member
*****
Offline Offline

Activity: 1890
Merit: 831


View Profile
June 21, 2021, 05:04:59 PM
 #112

Anything that is getting money in the pockets of the government is apparently considered good for the country even if we have no idea how this money is getting used up.
Well for the starters, any business have taxes and therefore if we are talking about the gambling one for the big terms it's very understood that we are going to see government implementing taxes. But let's talk about what is not right :
" Implementing heavy taxes!! "
10-20% is honestly a big deal and it can for sure cause probelms for the people who are engaged in this business and also the small individuals who just started out. At the same time it's not an easy task to get it going so the initial cost is ofcourse going to be big , which can discourage some people from going towards it.
It's a necessary evil !
The gambling companies have to stay in business and  at the same time it will only work if the government is somehow getting benefited.
dimonstration
Hero Member
*****
Offline Offline

Activity: 2730
Merit: 698

Dimon69


View Profile
June 21, 2021, 06:31:09 PM
 #113

I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
Putting tax in every businesses like in gambling casinos might it be online or not is a sign of being fair in law as it is considered as business. It can be small but it shows fairness for everyone plus the government can act if there are reports when something happens in such casino. Though it may be a small or big amount it will truly can help if the government alloted it well in some projects and not just in corrupt politicians. The problem now is not if the tax help its how the authority will use the tax.
madnessteat
Legendary
*
Offline Offline

Activity: 2422
Merit: 2254



View Profile
June 21, 2021, 07:19:13 PM
 #114

~ The problem now is not if the tax help its how the authority will use the tax.

I completely agree with your opinion. The main problem is exactly the waste of budgetary funds aimed at solving this or that problem through cunning schemes that allow you to withdraw part of the funds to the accounts of relatives or friends. I do not know how things stand with this in your country, but in Russia this issue is very acute.   

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
 
 Duelbits 
██
██
██
██
██
██
██
██

██

██

██

██

██
TRY OUR UNIQUE GAMES!
    ◥ DICE  ◥ MINES  ◥ PLINKO  ◥ DUEL POKER  ◥ DICE DUELS   
█▀▀











█▄▄
 
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
 
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀
 
███
▀▀▀
███
▀▀▀

███
▀▀▀
███
▀▀▀
███
▀▀▀

███
▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
 KENONEW 
 
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀█











▄▄█
10,000x
 
MULTIPLIER
██
██
██
██
██
██
██
██

██

██

██

██

██
 
NEARLY
UP TO
50%
REWARDS
██
██
██
██
██
██
██
██

██

██

██

██

██
[/tabl
Fortify
Legendary
*
Offline Offline

Activity: 2842
Merit: 1202


Top Crypto Casino


View Profile
June 21, 2021, 07:21:40 PM
 #115

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...

At the end of the day casinos and gambling is a form of entertainment if done right. Just like going to the cinema, skating an ice rink or racing go-karts. It has to pay at least the same amount as any other business and should maybe subsidize extra policing (entirely outside of their control) and social welfare programs (for problem gamblers). It should get no special treatment and might actually be subject to much more stringent financial checks because it is an industry that easily has the capacity for "cleaning" dirty money that criminals have acquired. A balance where the casinos can operate profitably but not so punitive that it drives the industry underground.

███████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████

███████████████████████
.
BC.GAME
▄▄▀▀▀▀▀▀▀▄▄
▄▀▀░▄██▀░▀██▄░▀▀▄
▄▀░▐▀▄░▀░░▀░░▀░▄▀▌░▀▄
▄▀▄█▐░▀▄▀▀▀▀▀▄▀░▌█▄▀▄
▄▀░▀░░█░▄███████▄░█░░▀░▀▄
█░█░▀░█████████████░▀░█░█
█░██░▀█▀▀█▄▄█▀▀█▀░██░█
█░█▀██░█▀▀██▀▀█░██▀█░█
▀▄▀██░░░▀▀▄▌▐▄▀▀░░░██▀▄▀
▀▄▀██░░▄░▀▄█▄▀░▄░░██▀▄▀
▀▄░▀█░▄▄▄░▀░▄▄▄░█▀░▄▀
▀▄▄▀▀███▄███▀▀▄▄▀
██████▄▄▄▄▄▄▄██████
.
..CASINO....SPORTS....RACING..


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
bitbunnny
Legendary
*
Offline Offline

Activity: 2912
Merit: 1068


WOLF.BET - Provably Fair Crypto Casino


View Profile
June 21, 2021, 08:18:12 PM
 #116

There is no unique answer, everything depends on each country in particular, how the taxation system is functioning and how the collected taxes are reinvested. If that money serves the community or to politicians only.
If the taxation system is too stiff gambling platforms will move to other countries but in general I don't think there is any country in the world who made the fortune on taxation of gambling platforms.

carlfebz2
Hero Member
*****
Offline Offline

Activity: 3122
Merit: 739


DGbet.fun - Crypto Sportsbook


View Profile
June 21, 2021, 08:33:03 PM
 #117

There is no unique answer, everything depends on each country in particular, how the taxation system is functioning and how the collected taxes are reinvested. If that money serves the community or to politicians only.
If the taxation system is too stiff gambling platforms will move to other countries but in general I don't think there is any country in the world who made the fortune on taxation of gambling platforms.
Not literally make out fortune but rather gambling taxes did make out big impact towards progress.
You are definitely wrong on this part because revenue made out by gambling industry isnt something that you cant just ignore or underestimate.
https://filmdaily.co/news/world-top-gambling-countries/

If their existence are not significant then doesnt mean that this industry is never been profitable.

Japinat
Hero Member
*****
Offline Offline

Activity: 3094
Merit: 692



View Profile
June 21, 2021, 08:35:42 PM
 #118

There is no unique answer, everything depends on each country in particular, how the taxation system is functioning and how the collected taxes are reinvested. If that money serves the community or to politicians only.
If the taxation system is too stiff gambling platforms will move to other countries but in general I don't think there is any country in the world who made the fortune on taxation of gambling platforms.
Not literally make out fortune but rather gambling taxes did make out big impact towards progress.
You are definitely wrong on this part because revenue made out by gambling industry isnt something that you cant just ignore or underestimate.
https://filmdaily.co/news/world-top-gambling-countries/

If their existence are not significant then doesnt mean that this industry is never been profitable.


Indeed, the gambling industry is a billion-dollar industry, and they are profitable that's why some taxes charged higher taxes on gambling business as they know they are making a lot of money.  Just try to imagine the saying that "casino never lose money", or " gamblers lose in the long run", you'll understand what would affect the profitability of the operators, which means they are just printing money.

░░░░░░░░▄███▄████▄
░░░░░▄▄▄████░░████▄▄▄
░░░░░░▀▀████░░████▀▀
░░░░░░░░░████████
░▄░░░░░░░███░░███
█▀░██▄░░░░██████░░░░░░░░░▄
░░████▀░░░░▀██▀
░░▀██▀█░░▄░░░░░░░░▄▄▄▄▄
░░░▀░▄░▀▄█░░█▀░▄▀▀▄░█░▄▀▀▄
░░░░██████▄░██░█▀▀▄█▄█▄▀▀█
░░░░███████▄░▄██▀▀█▄█▄█▀▀█
░░░░████████████▀▀▄█▄█▄▀▀
▬▬▬▪▪  ▪▪  BTCitcointalk list of⠀
Scam Alleged Casinos
▰▰▰ ▰▰ ▰▰ ▰▰      ▰▰ ▰▰ ▰▰ ▰▰     ▰▰ ▰▰ ▰▰ ▰▰     ▰▰ ▰▰ ▰▰ ▰▰     ▰▰ ▰▰ ▰▰ ▰▰    ▰▰ ▰▰ ▰▰ ▰▰▰
Betting Platform  Under Scrutiny
▪▪▪▪ In Progress ▬ Inactive ▬ Invalid ▬ Resolved ▬ Unresolved ▪▪▪▪
Is yours in our list? .Check it out.
Curated by: @Holydarkness ◢
░░░▄▄████████▄▄
░▄██▀░░░░░░░░▀██▄
▄█▀░░░▄▄▄▄▄▄░░░██▄
██░░▄▀░░░░███▄░░██
██░░█░░░░░████░░██
██░░▀▄░░░░███▀░░██
██▄░░▀▄░░░██▀░░▄██
░██▄░░░▀██▀░░░▄██
░░▀██▄▄▄▄▄▄▄▄██████▄
░░░░░▀▀▀▀▀▀▀▀░░░▀█████▄▄
░░░░░░░░░░░░░░░░░░▀██████
░░░░░░░░░░░░░░░░░░░░▀███▀
harizen
Legendary
*
Offline Offline

Activity: 3122
Merit: 1398


For support ➡️ help.bc.game


View Profile
June 21, 2021, 08:51:53 PM
 #119

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?

Obviously, any forms of taxation, in any industry, are good for the country, as long as tax will be used for its purpose and not ending up directly corruption.

Pros - In general, check what's the benefit of tax
Cons - Corruption

Tax percentage depends on how's gambling industry is performing in that country. It's not like the government can just set a percentage as they want. It was being discussed in a session.

I don't see any reason why it should be a bad thing for gamblers unless they will face an increase in fees on deposits and withdrawals. But anyhow, a gambler is a gambler and they won't mind it.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....LOTTERY..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Slow death
Legendary
*
Online Online

Activity: 3192
Merit: 1129


Leading Crypto Sports Betting & Casino Platform


View Profile
June 21, 2021, 09:14:58 PM
 #120

I'm going to talk about my country, I think the tax charged in my country is very high and exaggerated, the government of my country, for example, in addition to charging very high tax, they charge a very high amount of fine in case of any infraction that the casino commit and this ends up leaving casinos in a difficult situation and does not encourage more casinos to want to be in my country and also makes people's profits not to be expected. gambling are risky things and every time someone wins it is because they took a lot of risk and for that reason it would be fair for that person to pay a very low tax amount. at times I think that the government puts this high tax to discourage people from being in gambling, because it doesn't make sense to keep putting high tax value on gambling

Cons - Corruption

unfortunately the tax is used improperly and that's why I think that in the case of my country the tax should be charged a low amount where both the government and the people gain. it hurts to pay high taxes and see that the government is not doing anything to make the country better

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!