KTChampions
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Leading Crypto Sports Betting & Casino Platform
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July 02, 2021, 10:07:17 AM |
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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. 100% true! It is especially funny that there are places where the tax on winnings is calculated on each bet made. For example, a person made 100 bets and won in half of the cases and lost in half, in fact he won nothing, but the government believes that he must pay tax for each of the won bets. This is absurd and there is nothing surprising in the fact that any adequate person avoids such "care" from the state
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Peanutswar
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Top Crypto Casino
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July 02, 2021, 11:39:39 AM |
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Having a tax may give benefits to their country because they are paying their contribution because they are earning a large amount of money not all the time you are just earning and we have a different set of rules in our country regarding the tax if you are a large time earner its there's a designated amount of tax will be given to you. But of course, you cannot get your money when your dead so its good to be fair to the country to give a small amount of your total earning if you want to lessen the tax I think its a different conversation or story.
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Vaculin
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July 02, 2021, 01:09:58 PM |
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Having a tax may give benefits to their country because they are paying their contribution because they are earning a large amount of money not all the time you are just earning and we have a different set of rules in our country regarding the tax if you are a large time earner its there's a designated amount of tax will be given to you. But of course, you cannot get your money when your dead so its good to be fair to the country to give a small amount of your total earning if you want to lessen the tax I think its a different conversation or story.
The point here is "implementing a tax on a gambling platform", which means on the business, not the people or the gamblers as that's very abnormal. Of course, it will help the government as tax can be used for government projects, but they should not only be concern about the tax, they also need to ensure to put a law that would protect both the gamblers and the gambling operators, but mostly the people so they'll be responsible in gambling.
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Japinat
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July 03, 2021, 09:41:46 PM |
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Having a tax may give benefits to their country because they are paying their contribution because they are earning a large amount of money not all the time you are just earning and we have a different set of rules in our country regarding the tax if you are a large time earner its there's a designated amount of tax will be given to you. But of course, you cannot get your money when your dead so its good to be fair to the country to give a small amount of your total earning if you want to lessen the tax I think its a different conversation or story.
The point here is "implementing a tax on a gambling platform", which means on the business, not the people or the gamblers as that's very abnormal. Of course, it will help the government as tax can be used for government projects, but they should not only be concern about the tax, they also need to ensure to put a law that would protect both the gamblers and the gambling operators, but mostly the people so they'll be responsible in gambling. As a gambler, that's what I only want, to enjoy gambling without thinking of taxes because it will give us 100% entertainment. The logic is, most gamblers lose money, so why pay taxes if we win when we are not getting any when we lose, and besides, most gamblers just play for fun, so they'll not track their winnings and losses.
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7788bitcoin
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Merit: 1023
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July 03, 2021, 11:25:40 PM |
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It is especially funny that there are places where the tax on winnings is calculated on each bet made. For example, a person made 100 bets and won in half of the cases and lost in half, in fact he won nothing, but the government believes that he must pay tax for each of the won bets. This is absurd and there is nothing surprising in the fact that any adequate person avoids such "care" from the state I was not worried about tax whenever i bet but this is crazy to tax on winnings and no incentives for loosing . Government is looting in the name of tax for a long time and sometimes i feel like the politicians are getting everything for free and they do not pay the taxes and we are the ones that are squeezed for all the hard work we do.
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tabas
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July 03, 2021, 11:31:40 PM |
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I was not worried about tax whenever i bet but this is crazy to tax on winnings and no incentives for loosing . Government is looting in the name of tax for a long time and sometimes i feel like the politicians are getting everything for free and they do not pay the taxes and we are the ones that are squeezed for all the hard work we do. There's no need to worry on our side if we're going to bet because it's the shoulder of the casino where we are betting. But if such adjustment will be made by the government to increase the taxation for the casinos. I still can't think how they're going to adjust with that increase, maybe the withdrawal fees will be also adjusted and a few portion of it every time it's done will go to them.
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Betwrong
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I stand with Ukraine.
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July 05, 2021, 08:48:01 AM |
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Having a tax may give benefits to their country because they are paying their contribution because they are earning a large amount of money not all the time you are just earning and we have a different set of rules in our country regarding the tax if you are a large time earner its there's a designated amount of tax will be given to you. But of course, you cannot get your money when your dead so its good to be fair to the country to give a small amount of your total earning if you want to lessen the tax I think its a different conversation or story.
The point here is "implementing a tax on a gambling platform", which means on the business, not the people or the gamblers as that's very abnormal. Of course, it will help the government as tax can be used for government projects, but they should not only be concern about the tax, they also need to ensure to put a law that would protect both the gamblers and the gambling operators, but mostly the people so they'll be responsible in gambling. Implementing taxes on a gambling platform can affect us regular gamblers too. To compensate the decline in profits caused by taxation a gambling platform can increase the house edge, especially if they won't survive otherwise. I personally don't mind because moderate taxation is normally a good thing, as have been stated many times in this thread, and also the house edge increase, say, from 5% to 6% doesn't actually affect much our gambling experience.
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Mistafreeze
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July 05, 2021, 01:35:45 PM |
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Tax is the blood of the economy, they make the public roads, the public schools, the public and government hospitals. Pros of taxing a gambling platform is that the government is able to get a really big tax since gambling houses earn a lot of money and close to zero losses in a day sometimes. Cons is that if the government is comprised of corrupt officials then the taxes will be for nothing.
The altimate reasons for tax collection by government is to generate revenue to help fund budgets and pay salaries for workers. Taxing gambling platforms is very important to a country growth just like other companies which are taxed for revenue. Gambling platforms do generate high profits considering the rate at which people are thirsty for money this days doing different things to make money. Gambling is a spirit which is very enticing and addictive making people do engage more in it with the mindset of making more money even though one keeps losing.
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