Argentina raises Gambling tax - page 3.

Gozie51

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Quote from: Mauser on November 28, 2020, 09:05:57 AM

Paying taxes also gives you a lot of positive things. Imagine there is a dispute between the gambler and the casino. They can't call the police or involve lawyers since the business is illegal. Things become very shady when you operate illegally since someone else has to offer protection if not the police and government. This third party will likely demand a compensation as well.

This is a good example to this. Being honest to tax payment is better because you can make formal complain if things go wrong and you can get help as you are entitled to it but if you don't do the legal obligation of paying tax, you can't be assisted .

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Quote from: Mauser on November 28, 2020, 09:05:57 AM

Quote from: Chrystora123 on November 28, 2020, 08:42:26 AM

Quote from: carlisle1 on November 28, 2020, 08:30:54 AM

I think while they are increasing the taxes for all legal gambling in their country Better Find and Hunt the illegal operators because those are the reason why legal gamblers Lose some players.
And those operators are the one who must be Adding funds for this Corona Year.

Imagine how much money are they bagging while paying nothing to the government?(though maybe under the table to some Corrupt authorities)

surely there are many illegal gambling operators who do not want to contribute to paying taxes to their state and they must be punished. In the "PANDEMIC" era, raising taxes is only a solution that the government has found to help boost the country's economy, Argentina has an active gambler and it is very natural for gambling business owners to pay more taxes during this "PANDEMIC" period. The good thing that is received when the gambling tax is applied is the convenience and safety of gamblers' funds, which is definitely protected by the state..

Tax evasion sounds fun when you first think about it, your profits are higher and you don't have to follow any government regukayion
But there is more to this than that. Paying taxes also gives you a lot of positive things. Imagine there is a dispute between the gambler and the casino. They can't call the police or involve lawyers since the business is illegal. Things become very shady when you operate illegally since someone else has to offer protection if not the police and government. This third party will likely demand a compensation as well.

That's operating in a dirty way and you can't protect your business in the long run as no illegal operation that would last. Getting a license is the best thing to do if you as an operator wants to sleep well every night, just follow the regulatory requirement, pay the right taxes and the future of the business will be crystal clear.

Mauser

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Quote from: Chrystora123 on November 28, 2020, 08:42:26 AM

Quote from: carlisle1 on November 28, 2020, 08:30:54 AM

I think while they are increasing the taxes for all legal gambling in their country Better Find and Hunt the illegal operators because those are the reason why legal gamblers Lose some players.
And those operators are the one who must be Adding funds for this Corona Year.

Imagine how much money are they bagging while paying nothing to the government?(though maybe under the table to some Corrupt authorities)

surely there are many illegal gambling operators who do not want to contribute to paying taxes to their state and they must be punished. In the "PANDEMIC" era, raising taxes is only a solution that the government has found to help boost the country's economy, Argentina has an active gambler and it is very natural for gambling business owners to pay more taxes during this "PANDEMIC" period. The good thing that is received when the gambling tax is applied is the convenience and safety of gamblers' funds, which is definitely protected by the state..

Tax evasion sounds fun when you first think about it, your profits are higher and you don't have to follow any government regukayion
But there is more to this than that. Paying taxes also gives you a lot of positive things. Imagine there is a dispute between the gambler and the casino. They can't call the police or involve lawyers since the business is illegal. Things become very shady when you operate illegally since someone else has to offer protection if not the police and government. This third party will likely demand a compensation as well.

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Quote from: Vishnu.Reang on November 28, 2020, 07:34:30 AM

Quote from: ?? on ??

I think it's a good step. While it may not be in the best interest of the players, it is a good step for the country overall. An increase on taxes on casinos can help building a better economy or infrastructures for the people of the country only. Unless there are corrupt politicians who suck the money out of people of the country, an honest government can use the tax for people and citizens.

Raising taxes can never be good for the economy. It will result in tax evasion, reduced economic activity and capital flight. And in the long term, it can result in an increase in unemployment and crime. For the politicians, it is always very easy to increase the tax rates. But in most cases they don't think about the negative consequences, which can result from this move.

This tax increase is specific only to gambling. This can give a good outcome to the economy since we all know that there is a lot of money circulating in gambling. There will be no problems that might occur in the future such as unemployment, tax evasion, or reduced the economic activity as the main goal of this tax increase is in gambling.

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Quote from: carlisle1 on November 28, 2020, 08:30:54 AM

I think while they are increasing the taxes for all legal gambling in their country Better Find and Hunt the illegal operators because those are the reason why legal gamblers Lose some players.
And those operators are the one who must be Adding funds for this Corona Year.

Imagine how much money are they bagging while paying nothing to the government?(though maybe under the table to some Corrupt authorities)

surely there are many illegal gambling operators who do not want to contribute to paying taxes to their state and they must be punished. In the "PANDEMIC" era, raising taxes is only a solution that the government has found to help boost the country's economy, Argentina has an active gambler and it is very natural for gambling business owners to pay more taxes during this "PANDEMIC" period. The good thing that is received when the gambling tax is applied is the convenience and safety of gamblers' funds, which is definitely protected by the state..

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Quote from: ?? on ??

I think it's a good step. While it may not be in the best interest of the players, it is a good step for the country overall. An increase on taxes on casinos can help building a better economy or infrastructures for the people of the country only. Unless there are corrupt politicians who suck the money out of people of the country, an honest government can use the tax for people and citizens.

I think while they are increasing the taxes for all legal gambling in their country Better Find and Hunt the illegal operators because those are the reason why legal gamblers Lose some players.
And those operators are the one who must be Adding funds for this Corona Year.

Imagine how much money are they bagging while paying nothing to the government?(though maybe under the table to some Corrupt authorities)

Vishnu.Reang

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Quote from: ?? on ??

I think it's a good step. While it may not be in the best interest of the players, it is a good step for the country overall. An increase on taxes on casinos can help building a better economy or infrastructures for the people of the country only. Unless there are corrupt politicians who suck the money out of people of the country, an honest government can use the tax for people and citizens.

Raising taxes can never be good for the economy. It will result in tax evasion, reduced economic activity and capital flight. And in the long term, it can result in an increase in unemployment and crime. For the politicians, it is always very easy to increase the tax rates. But in most cases they don't think about the negative consequences, which can result from this move.

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Quote from: maydna on November 27, 2020, 08:25:26 PM

Quote from: AliMan on November 27, 2020, 07:49:37 PM

Do they evaluate this kind of tax implementation through adding taxes was based on a standard business taxable income? If not I guess that's not fair to a gambling institution, since they're also into competition with other business who's running gambling. Though gambling using cryptocurrency currency was in demand by most online players, they shouldn't take advantage of that specially during a situation of pandemic.

I am sure the government already study of what is happening to their country, so if they want to add more taxes, they will calculate or simulate everything necessary. They have experts that can evaluate, calculate or other things that could happen during the implementations. Even if we think it is not fair for them, the business owner tries to obey what the government wants, and if they object to the tax implementation, they can ask to get relief.

Yeah we are just making our opinion here but the truth is the Argentina Government had their own reason and idea why putting this,for sur that they will not Let gambling business to Be losing ,so there are some points that the government knows the gambling operator can afford this increase.

Quote from: maydna on November 27, 2020, 08:25:26 PM

The government will try to be fair for all business owners because they helped the country run by paying taxes.

Exactly that is what the government do.Without favoring any sort of business instead they Do analyze which can afford this and which cannot.
So the percentage of added taxes is depend in what business is this.

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Quote from: kodtycoon on November 27, 2020, 05:54:17 PM

Quote from: suzanne5223 on November 27, 2020, 03:18:14 PM

Quote from: tyz on November 27, 2020, 08:44:54 AM

Quote from: coin.princess on November 26, 2020, 02:02:22 PM

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

People impressions despite the fact that after Maradona hanged hanged up his boots, he changed to social and political activism. I was surprised someone will somehow correlate the issue of online gambling site tax advancement with the death of Maradona when such things didnt happen when the country Former President died.

Some strong momentum will be connected by media, so that the news will be confused in reality. Maradona the legend has absolutely nothing to do with gambling, even his death as a football legend not a gambling legend was clearly very different I think positively maybe the increased tax will be more useful later for advancement of the gambling industry as well Grin

It clearly that the Argentine government increase online gambling site tax just to increase their revenue but i dont see it later useful for the gambling industry because the taxt purpose was to be used for the development of the country and I never see any government that uses so tax for the development gambling industry when there's nothing to be developed as i believe.e

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Quote from: AliMan on November 27, 2020, 07:49:37 PM

Do they evaluate this kind of tax implementation through adding taxes was based on a standard business taxable income? If not I guess that's not fair to a gambling institution, since they're also into competition with other business who's running gambling. Though gambling using cryptocurrency currency was in demand by most online players, they shouldn't take advantage of that specially during a situation of pandemic.

I am sure the government already study of what is happening to their country, so if they want to add more taxes, they will calculate or simulate everything necessary. They have experts that can evaluate, calculate or other things that could happen during the implementations. Even if we think it is not fair for them, the business owner tries to obey what the government wants, and if they object to the tax implementation, they can ask to get relief.

Perhaps, that is what the offline business, including the gambling business, can do regarding the additional taxes that will apply in their country. The government will try to be fair for all business owners because they helped the country run by paying taxes.

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Quote from: ice098 on November 27, 2020, 07:30:52 PM

Quote from: HaXX0R1337 on November 26, 2020, 02:21:42 PM

Quote from: hulla on November 26, 2020, 02:59:30 AM

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

Yes they can move in cryptocurrency based gambling site, from here government has nothing to do to increase the taxes due to the fact that government has no control in crypto. Which in fact many gambling sites today were now i guess can already figured out the importance of using cryptocurrency as a base payments or payouts to their player. Can't resist the fact that due to pandemic, economic growth goes down and no other source of resource fund but the taxes that's why they taking the advantage of adding taxes.

Do they evaluate this kind of tax implementation through adding taxes was based on a standard business taxable income? If not I guess that's not fair to a gambling institution, since they're also into competition with other business who's running gambling. Though gambling using cryptocurrency currency was in demand by most online players, they shouldn't take advantage of that specially during a situation of pandemic.

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Quote from: HaXX0R1337 on November 26, 2020, 02:21:42 PM

Quote from: hulla on November 26, 2020, 02:59:30 AM

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

Yes they can move in cryptocurrency based gambling site, from here government has nothing to do to increase the taxes due to the fact that government has no control in crypto. Which in fact many gambling sites today were now i guess can already figured out the importance of using cryptocurrency as a base payments or payouts to their player. Can't resist the fact that due to pandemic, economic growth goes down and no other source of resource fund but the taxes that's why they taking the advantage of adding taxes.

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Quote from: kodtycoon on November 27, 2020, 05:54:17 PM

Quote from: suzanne5223 on November 27, 2020, 03:18:14 PM

Quote from: tyz on November 27, 2020, 08:44:54 AM

Quote from: coin.princess on November 26, 2020, 02:02:22 PM

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

People impressions despite the fact that after Maradona hanged hanged up his boots, he changed to social and political activism. I was surprised someone will somehow correlate the issue of online gambling site tax advancement with the death of Maradona when such things didnt happen when the country Former President died.

Some strong momentum will be connected by media, so that the news will be confused in reality. Maradona the legend has absolutely nothing to do with gambling, even his death as a football legend not a gambling legend was clearly very different I think positively maybe the increased tax will be more useful later for advancement of the gambling industry as well Grin

Advancement if it's run by the government, but sense these are private institutions, so there's no relation to that, the government raises tax is just to increase their revenue, that's it, and if we are talking of advancement, it should be outside in gambling industry.

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Quote from: suzanne5223 on November 27, 2020, 03:18:14 PM

Quote from: tyz on November 27, 2020, 08:44:54 AM

Quote from: coin.princess on November 26, 2020, 02:02:22 PM

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

People impressions despite the fact that after Maradona hanged hanged up his boots, he changed to social and political activism. I was surprised someone will somehow correlate the issue of online gambling site tax advancement with the death of Maradona when such things didnt happen when the country Former President died.

Some strong momentum will be connected by media, so that the news will be confused in reality. Maradona the legend has absolutely nothing to do with gambling, even his death as a football legend not a gambling legend was clearly very different I think positively maybe the increased tax will be more useful later for advancement of the gambling industry as well Grin

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Quote from: tyz on November 27, 2020, 08:44:54 AM

Quote from: coin.princess on November 26, 2020, 02:02:22 PM

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

People impressions despite the fact that after Maradona hanged hanged up his boots, he changed to social and political activism. I was surprised someone will somehow correlate the issue of online gambling site tax advancement with the death of Maradona when such things didnt happen when the country Former President died.

hulla

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Quote from: matchi2011 on November 26, 2020, 05:21:05 AM

Quote from: hulla on November 26, 2020, 02:59:30 AM

Quote from: proTECH77 on November 26, 2020, 12:47:40 AM

It will make many gambler not to have interest in gambling as usual in the country because of the tax the government has impose to all online gambler who just recover from pandemic, that really make things hard in the country.

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.

Not sure what he means about recovering due pandemic, online gambling did not stop even the pandemic is widely active,
gamblers still find time to continue playing and betting.

I guess he's not fully aware that every gambling site teams operate remotely and they all offer their services round the clock to people which is the reason why we see interest in crypto gambling site on the forum.

Quote from: matchi2011 on November 26, 2020, 05:21:05 AM

Taxes are the blood life of the country with how the pandemic affects the entire country government needs to find sources where they can collect more and use to rebuild the economy.

Absolutely and this is the reason why I'm not against the improvement of gambling site tax in Argentina.

Quote from: HaXX0R1337 on November 26, 2020, 02:21:42 PM

Quote from: hulla on November 26, 2020, 02:59:30 AM

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic

I think you dont read the OP statement because the gambling which tax was increased are online gambling and I dont see any reason their switch to cryptocurrency is a solution to that but it will increase their income and traffic.

Quote from: HaXX0R1337 on November 26, 2020, 02:21:42 PM

but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

This is never a good decision buddy and the result after may lead to the collapse of business.

tyz

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Quote from: coin.princess on November 26, 2020, 02:02:22 PM

Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

Honestly, what does Maradona's death have to do with the Argentine government's plans to tax casino sites? I don't see any connection at all. The only thing I can imagine is that the tax might come a little later, as official mourning is announced.

HaXX0R1337

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Quote from: hulla on November 26, 2020, 02:59:30 AM

Online gambler recover from pandemic how? The last time i checked physical gamblers and online gamblers spent more time gambling online and the pandemic doesn't by any chance stop them from playing every single day though i understand the tax will somehow affect some online player the country in the subject badly need some fund to save the country economy and the increased in tax fee will only hurt the gamblers but won't stop their interest in an online game of chance.

If anyone is affected by this tax then they can always move to cryptocurrency based gambling sites, it is a fact that the government increased the tax because of the economic slowdown due to the pandemic but as a player you can be smart to overcome these extra money you need to shell out and there is nothing that the government can do about it.

coin.princess

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Somehow I am curious what the demise of maradona will have on this subject.
I think this does affect the tax anyway.

kamadazje

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Quote from: fiulpro on November 23, 2020, 08:40:55 AM

https://www.gamblinginsider.com/news/10471/argentina-raises-online-gambling-tax-to-5

Apparently Argentina just raised their gambling tax to 5%.

Quote

The Argentine Chamber of Deputies has passed a law that will increase the online gambling tax rate from 2% to 5% in 2021. The new law was added to the National budget proposed by Economy Minister Martín Guzmán. The tax will apply to any online betting transaction. There’s also a 10% rise for the companies that operate in low-taxation countries.

Apparently the industry was unregulated for a long time and the government now decided to go for it since they will aid in the future stability and improvement in the financial situation.

The industry according to them apparently is able to get 2.4 billion dollars worth of revenue and which is inclined to help the country , 95% of the tax is going to go to the province.

What are your thoughts on this ??

Is this good/bad , how would we be able to cope up with the governmental bodies increasing the gambling tax thus shutting down the small business causing problems for the long run.

- it was a little sudden to increase it to almost double. The government never even helped the industry for the sake of the argument.

If this increase will not affect the gambling owners that much then it is good especially if the tax will be use correctly and it can reach to the said target like the provinces of Argetina.

The only problem to it is when the casino owners will decide to throw some of this taxes to it's players which is not good. Let's just see whether this actionwill create a big impact to the gambling industry in Argentina like a decrease in revenue and etc.

Topic: Argentina raises Gambling tax - page 3. (Read 2829 times)