I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
There's no such low now implementing to pay tax on online business,thats why more preferred to have online business than a physical one. As long as the site didn't have a physical company then its not really into paying taxes. 
Topic: Are the Big Gambling sites paying taxes? - page 6. (Read 1584 times)
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
Most of the real casinos running legally are need to pay the taxes but online sites particularly cryptocurrency based sites are not paying taxes because no one can verify how much these sites are earning a profit and many of them are not legally register as a gambling site in any country. But if they get caught then the site will be closed immediately without any notice.
Short Answer: No.
I know most of the gambling websites that wants to be recognized by their country needs to be registered for compliance according to the law. But since there is no law about crypto currencies, they are not obliged to pay for the operation unless the country is recognizing the worth of crypto currency. But the gambling site can pay tax voluntarily, I don't know what's the answer on this.
that would surely be a no if that was the case we couldn't find easy, anonymous gambling charging tax from casinos would mean they will charge most of the gamblers proof of income , their identity and what all all the bitcoin gambling sites which claim to be registered are actually just fake barely any site out there is paying any tax betway might be paying as they accept paypal also
Actually, all online gambling BTC website didn't have to pay any taxes. Why? Because there is no law or convention manage about gambling BTC or trading BTC or investing BTC. Crypto is a free environment that can be called " outlaw". So no goverment can control it to tax it. So this market is really potientally.
Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
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I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.
To be honest i dont know what is the truth but Who knows?? i mean after some countries has legalized bitcoin, maybe there is any rule for some gambling site paid taxes because like in america or europa gambling can operate on legal. sorry to said that because your word is like all gambling site that operates with crypto-currencies is operated on illegal.if the government knows that there is any gambling site operate in their area, i think they don't want to stay calm and they will make sure that the site can give revenue to them like paid taxes. we don't know about this because if gambling site wants to pay taxes, they don't need to tell us or their member because its their internal expenses.
I have quite a few doubts about this. Casinos which operate in Bitcoin and other cryptos are usually located in tax free havens like Curacao, Virgin Islands, Panama where no one gives a shit if any business pay taxes or no. The Bitcoin casinos are not big enough when it comes to Fiat casinos online so they do not pay taxes I believe, if they were as big as Fiat casinos I am sure they would pay taxes too. For the moment I think they are run without paying taxes.
They could simply report their business to get taxed or hide it forever in bitcoin.Depends on how good people will to help their government grow together through the tax rules.
It sucks indeed to give your hardwork for free to the greedy government , it is up to the operator now.
With time as bitcoin goes mainstream, you won't have to report anything
You'll be free to use your bitcoins to buy whatever the hell you want anywhere
Why would you have the need to exchange your bitcoins for fiat?
I believe most of the crypto casinos either operate in tax havens or aren't registered at all
I find this to be a good thing
The bigger your business the more people looking for you to ask money in the name of official work government.
I believe those big casinos has received a message regarding the obligation to pay taxes.
I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.
To be honest i dont know what is the truth but Who knows?? i mean after some countries has legalized bitcoin, maybe there is any rule for some gambling site paid taxes because like in america or europa gambling can operate on legal. sorry to said that because your word is like all gambling site that operates with crypto-currencies is operated on illegal. ofcourse they have a respective documents in order to run their business legally. they don't want to have a cases like tax evasion so i think they're paying taxes also even if it's online without any actual casino. ithink they've all the legal rights to run a business. the most nearest way they're paying taxes was buying a domain plan and hosting plan that company used to pay taxes also.
yeah right they needed to bring those requirements in order to patronized their business its a must especially for those who already established theirbusiness so I guess they also paying taxes because before you can have those documents you needed to pay for the form.
ofcourse they have a respective documents in order to run their business legally. they don't want to have a cases like tax evasion so i think they're paying taxes also even if it's online without any actual casino. ithink they've all the legal rights to run a business. the most nearest way they're paying taxes was buying a domain plan and hosting plan that company used to pay taxes also.
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
Sites pay taxes even site gambling, pay online taxes and rent their land in the domain is clear it's a piece of tax. offline gambling is obviously exposed to legal or uncertain taxes taxable, I think all the locations there must be some tax whatever and how surely no taxes except asleep. a license statement of its validity is definitely taxable. Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
The fact that where these gambling houses are usually based cryptocurrencies are not even recognized as a legal form of payment which gives them no reason to pay taxes at all, I guess our governments need to think proactively and not miss all these potential hotspots for revenue collection.
All I know is that having a license for a bitcoin casino is not really needed at the moment because there are a lot of successful casinos here that don't have any gambling license yet they're still operating smoothly compared to those who have curacao license. Few casinos that don't have any gambling license block users from specific countries like the U.S. in having any access to their site to avoid getting taken down. Imo they don't pay taxes unless they're being regulated.
But even with the US there are ways around it by using a vpn or a Remote Desktop protocol (RSP) to completely hide your identity and gamble. I agree with you that many are operating without license and I think it depends on where you'll decide to host your gambling website (the server country).
All I know is that having a license for a bitcoin casino is not really needed at the moment because there are a lot of successful casinos here that don't have any gambling license yet they're still operating smoothly compared to those who have curacao license. Few casinos that don't have any gambling license block users from specific countries like the U.S. in having any access to their site to avoid getting taken down. Imo they don't pay taxes unless they're being regulated.
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control.
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
Probably it depends on their jurisdiction where they are operating. If the casinos registered with the country where they operate for sure they will have to be taxed by that government for operating there. Though, I think a lot of casinos are not even registered and they don;t even declare the operators of the site.
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