Taxes on gambling send the right message?

[worldofcoins]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

[1714680752]

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[1714680752]

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[Hypnosis00]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

Most probably it's just the bettors who are gonna be paying their responsibility as they know the penalty of tax evation. The government are more focus on the monitoring of gambling as it's easier to do and they are the ones who really make a lot of money.

I don't even understand why gamblers have to pay taxes every time they win, but when they lose they get nothing.
IMO, taxes to be implemented only if a gambler wins a big amount of money like a lottery money.

[dunfida]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

Yeah it did actually happen about 29% tax.

Netherlands to bring in temporary gambling tax increase

"Fully licensed and regulated operators in the Netherlands currently pay 29% tax on gross gaming revenue from slots, casino gambling and all forms of remote gambling. Under the Dutch government’s budget plan for 2018, this would be increased by 1.1% to a 30.1% tax rate."

Link source; https://www.iagr.org/industry-news/netherlands-bring-temporary-gambling-tax-increase

[freedomgo]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

Yeah it did actually happen about 29% tax.

Netherlands to bring in temporary gambling tax increase

"Fully licensed and regulated operators in the Netherlands currently pay 29% tax on gross gaming revenue from slots, casino gambling and all forms of remote gambling. Under the Dutch government’s budget plan for 2018, this would be increased by 1.1% to a 30.1% tax rate."

Link source; https://www.iagr.org/industry-news/netherlands-bring-temporary-gambling-tax-increase

This is not a friendly country to a casino, Imagine, 29% tax on gross gaming revenues, I think that's too much and it might be a way to discourage operators from operating a casino or a gambling site, for me, I think it's better if they find another location to operate so they can maximize their income, besides, the trend now is alreay online gambling, so anywhere we are located, we can still access the site.

[Lanatsa]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

Yeah it did actually happen about 29% tax.

Netherlands to bring in temporary gambling tax increase

"Fully licensed and regulated operators in the Netherlands currently pay 29% tax on gross gaming revenue from slots, casino gambling and all forms of remote gambling. Under the Dutch government’s budget plan for 2018, this would be increased by 1.1% to a 30.1% tax rate."

Link source; https://www.iagr.org/industry-news/netherlands-bring-temporary-gambling-tax-increase

This is not a friendly country to a casino, Imagine, 29% tax on gross gaming revenues, I think that's too much and it might be a way to discourage operators from operating a casino or a gambling site, for me, I think it's better if they find another location to operate so they can maximize their income, besides, the trend now is alreay online gambling, so anywhere we are located, we can still access the site.

LOL!

29%-30% tax rate? It is just too overkill for a business and even we do say that they are really that making such profit but having 30% deduction on overall gross income would surely hurt.
No business operators would really last that long if they would really be retaining such deduction or tax.I agree on the suggestion that it would be better if they would really be finding another
location which does have much lesser tax for them to cherish out rather than staying into a country which do impose unjustifiable tax rate.

[Botnake]

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

Are you sure? I haven't heard about huge taxes like this one 29%.
I've heard in California the tax is very huge somewhat around the percentage you've mentioned but are the taxes the same in every state of the USA?
For checking matters i think government checks the people on priority who're earning a lot of money and keeps on checking if they're paying their taxes but i'm certain agencies like FBI keep a regular watch on huge transactions and keep inquiring about those from authorities and authorities get the basic idea from that.

Yeah it did actually happen about 29% tax.

Netherlands to bring in temporary gambling tax increase

"Fully licensed and regulated operators in the Netherlands currently pay 29% tax on gross gaming revenue from slots, casino gambling and all forms of remote gambling. Under the Dutch government’s budget plan for 2018, this would be increased by 1.1% to a 30.1% tax rate."

Link source; https://www.iagr.org/industry-news/netherlands-bring-temporary-gambling-tax-increase

This is not a friendly country to a casino, Imagine, 29% tax on gross gaming revenues, I think that's too much and it might be a way to discourage operators from operating a casino or a gambling site, for me, I think it's better if they find another location to operate so they can maximize their income, besides, the trend now is alreay online gambling, so anywhere we are located, we can still access the site.

LOL!

29%-30% tax rate? It is just too overkill for a business and even we do say that they are really that making such profit but having 30% deduction on overall gross income would surely hurt.
No business operators would really last that long if they would really be retaining such deduction or tax.I agree on the suggestion that it would be better if they would really be finding another
location which does have much lesser tax for them to cherish out rather than staying into a country which do impose unjustifiable tax rate.

But the government has already created a law on that particular increase and I don't think they'll implement it if it will kill the gambling industry. Maybe they know something, casino is a very profitable business as people just keep losing their money just to get entertainment.

If it's unresonable, then no casino would survive and we consider the tax to kill the industry, but the question now, is it happening?

[jrrsparkles]

If you have money to spend on unethical things for a society then pay us half the amount to legalize that is what all the governments are doing in the name of regulations so that gamblers as well as the casinos are getting affected by paying huge amount as tax and its win-win situation for the government since both parties are paying money to them.

[yayayo]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

ya.ya.yo!

[qwertyup23]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

This depends actually on how the government enforce its taxing power.

Regardless if the tax is high or not, the government can properly monitor on which establishments pay their taxes regularly. The reason on why the government increases the tax is in order to increase their government expenditure. Since taxes are what provide the government the fund to create projects, having a high tax can simply fund their expenditures that will benefit the general public.

Like what I previously mentioned, the power to tax has this implied power of destroying the establishment. It convinces some business owners to close down their businesses due to the high amount of taxes they pay.

[Maslate]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

This depends actually on how the government enforce its taxing power.

Regardless if the tax is high or not, the government can properly monitor on which establishments pay their taxes regularly. The reason on why the government increases the tax is in order to increase their government expenditure. Since taxes are what provide the government the fund to create projects, having a high tax can simply fund their expenditures that will benefit the general public.

Like what I previously mentioned, the power to tax has this implied power of destroying the establishment. It convinces some business owners to close down their businesses due to the high amount of taxes they pay.

But isn't it the right way to do to force the business to close? Why not just ban the business directly so it would send a direct message that the government does not allow gambling operators to do their business anymore, I guess it's a coward way of sending message to gambling operators.

[Fatunad]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

This depends actually on how the government enforce its taxing power.

Regardless if the tax is high or not, the government can properly monitor on which establishments pay their taxes regularly. The reason on why the government increases the tax is in order to increase their government expenditure. Since taxes are what provide the government the fund to create projects, having a high tax can simply fund their expenditures that will benefit the general public.

Like what I previously mentioned, the power to tax has this implied power of destroying the establishment. It convinces some business owners to close down their businesses due to the high amount of taxes they pay.

But isn't it the right way to do to force the business to close? Why not just ban the business directly so it would send a direct message that the government does not allow gambling operators to do their business anymore, I guess it's a coward way of sending message to gambling operators.

Government doesnt really love to close those operators but rather being too tight when it comes to taxation which might really result to such closure and i do rather see this to be that abusive in power
on where they do impose such law which isnt justifiable if you do tend to look at on the percentages then its not already ethical to be put up on a business on putting huge tax even though they are
profitable but doesnt mean that they would be giving almost half of their revenue? They arent thinking that owners do risk out money to make this business and they are really trying to slice up
a huge part of it and just talking or minding about that its a tax which would be used or benefit the country? It isnt a solid reason.

[mirakal]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

This depends actually on how the government enforce its taxing power.

Regardless if the tax is high or not, the government can properly monitor on which establishments pay their taxes regularly. The reason on why the government increases the tax is in order to increase their government expenditure. Since taxes are what provide the government the fund to create projects, having a high tax can simply fund their expenditures that will benefit the general public.

Like what I previously mentioned, the power to tax has this implied power of destroying the establishment. It convinces some business owners to close down their businesses due to the high amount of taxes they pay.

But isn't it the right way to do to force the business to close? Why not just ban the business directly so it would send a direct message that the government does not allow gambling operators to do their business anymore, I guess it's a coward way of sending message to gambling operators.

Government doesnt really love to close those operators but rather being too tight when it comes to taxation which might really result to such closure and i do rather see this to be that abusive in power
on where they do impose such law which isnt justifiable if you do tend to look at on the percentages then its not already ethical to be put up on a business on putting huge tax even though they are
profitable but doesnt mean that they would be giving almost half of their revenue? They arent thinking that owners do risk out money to make this business and they are really trying to slice up
a huge part of it and just talking or minding about that its a tax which would be used or benefit the country? It isnt a solid reason.

They are in control of governing a country, so they can use their power to serve the interest of the people, now, if people will be asked, will they agree to charge casino operators with high taxes, if they would say so, then it's their interest. The taxes that will be collected will generally use for the improvement of a country, so if casinos will still continue to operate, they are the biggest contributor for the development of the country.

[Fatunad]

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They are in control of governing a country, so they can use their power to serve the interest of the people, now, if people will be asked, will they agree to charge casino operators with high taxes, if they would say so, then it's their interest. The taxes that will be collected will generally use for the improvement of a country, so if casinos will still continue to operate, they are the biggest contributor for the development of the country.

No brainer that gambling businesses are the one of the highest tax payors in the industry excluding those other businesses since when we do compare it on the revenue that they could make and certain percentage
in terms of taxation then it would really be a significant one but somehow if those taxes wont really be used on the right way then it would be just not worth it for the taxes given.Tax does play a big role
in talks of economic development but it would always be depending on how the government would able to handle or use it well and we know that not all would really be having that
mindset or simply means that there are corrupt officials.

[bryant.coleman]

My opinion is that allowing the gambling industry to operate, even with higher taxes is much more preferable than imposing a blanket ban on all gambling activity. Take the case of countries such as India, Indonesia and Bangladesh. There is a blanket ban on gambling, but there is no dearth of illegal gambling dens. This results in ordinary people losing their hard earned money, as many of these illegal casinos are not regulated and indulges in fraud. Also, a part of the proceedings are used to bribe the cops and politicians.

[mirakal]

My opinion is that allowing the gambling industry to operate, even with higher taxes is much more preferable than imposing a blanket ban on all gambling activity. Take the case of countries such as India, Indonesia and Bangladesh. There is a blanket ban on gambling, but there is no dearth of illegal gambling dens. This results in ordinary people losing their hard earned money, as many of these illegal casinos are not regulated and indulges in fraud. Also, a part of the proceedings are used to bribe the cops and politicians.

It's useless if the government will ban gambling but they will not strictly implement the law, there's a big reason why they ban gambling and that is because they believe it makes people poor and will increase the poverty rate in a country, while some countries ban gambling due to religious belief.

Strict implementation is necessary so corrupt officials will also be punished.

[ethereumhunter]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

ya.ya.yo!

We do not know how the government will react to that because they know that the tax from gambling can give a bigger contribution to the country. But if they can apply a low tax for the gambler and use a high tax for the casino, I think that people will not have a problem as they will see that the government use a limitation for people who use too big money to get the tax. And if people do not use too big money, they will have a free tax and will not try to break the limit from the government.

[Yamifoud]

My opinion is that allowing the gambling industry to operate, even with higher taxes is much more preferable than imposing a blanket ban on all gambling activity. Take the case of countries such as India, Indonesia and Bangladesh. There is a blanket ban on gambling, but there is no dearth of illegal gambling dens. This results in ordinary people losing their hard earned money, as many of these illegal casinos are not regulated and indulges in fraud. Also, a part of the proceedings are used to bribe the cops and politicians.

I also preferred to have it legalize even though paying taxes is high rather than gambler makes it illegal which only might cause more problems and additional workloads for the authorities. But, I'd still never think this could be the solution to such a gambling addiction and even to stop illegal casinos as these people will find a way to make it happen, and to think also that bribery is still not an excuse, especially if having a corrupt officials.

[Silberman]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

ya.ya.yo!

And this is the problem with trying to send a message through raising the taxes of an activity, taxes should not be punitive and instead should be nothing more but a way to get some funds for the governments, if they raise the taxes to the point that people think it is ridiculous then there are going to be many people that are going to prefer to play in establishments that are illegal simply to avoid paying the tax, a situation that exposes them to additional dangers that they should not have been exposed on the first place if the taxes were fair to the industry.

[dunfida]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

ya.ya.yo!

And this is the problem with trying to send a message through raising the taxes of an activity, taxes should not be punitive and instead should be nothing more but a way to get some funds for the governments, if they raise the taxes to the point that people think it is ridiculous then there are going to be many people that are going to prefer to play in establishments that are illegal simply to avoid paying the tax, a situation that exposes them to additional dangers that they should not have been exposed on the first place if the taxes were fair to the industry.

There would be always cons  on decisions which would turn out to be excessive and if they would really be imposing high taxes then we know on what would be the  next.
It would neither be affecting the gamblers  itself or would totally be affecting the business owners  as simple as that but expect on what would be the things that they would possibly go.
Taxation is normal but in the sense that it would really be that punishing kind of act where percentage should at least be considerable.

[freedomgo]

If you keep the tax on gambling low, more people will properly declare it and pay the tax. There are countries where you have to pay really ridiculously high taxes. And there is virtually no supervision of such practices. So completely pointless. maybe some countries not even charge any money at all as tax.

ya.ya.yo!

And this is the problem with trying to send a message through raising the taxes of an activity, taxes should not be punitive and instead should be nothing more but a way to get some funds for the governments, if they raise the taxes to the point that people think it is ridiculous then there are going to be many people that are going to prefer to play in establishments that are illegal simply to avoid paying the tax, a situation that exposes them to additional dangers that they should not have been exposed on the first place if the taxes were fair to the industry.

There would be always cons  on decisions which would turn out to be excessive and if they would really be imposing high taxes then we know on what would be the  next.
It would neither be affecting the gamblers  itself or would totally be affecting the business owners  as simple as that but expect on what would be the things that they would possibly go.
Taxation is normal but in the sense that it would really be that punishing kind of act where percentage should at least be considerable.

Exactly, if the government will impose high taxes on gambling, it's either they want to make more revenue while keeping the business alive or they just want to kill the industry as they don't want to put a complete ban on gambling. The purpose is really important, and if gambling operators still continue to operate despite the high taxes, that means they can afford to pay the taxes as they are running a profitable business.