Topic: Argentina raises Gambling tax - page 6. (Read 2917 times)
There is nothing wrong to increase the tax for the gambling activities in the process of giving it or returning back to the community like good services or protection against the abuse the of either from a certain individual with authority in the gambling platform or any form of abuses like those alleged groups that make bad image of the gambling activities. This is a good move for the Argentina government. However, for the gamblers this is not ideal because it will not get the ideal profit they wanted in every winnings.
its good because the tax are going for their economy but tax payers should track the economies development if its been developed as promised because if its not well that wasnt good for thet tax payers .
they dont also need to shut down business because they already taxed them . if they shut them down they are the ones that cant earn tax . increasing the tax too often can be annoying but i think they only increase it because they see that gambling business are now growing online
they dont also need to shut down business because they already taxed them . if they shut them down they are the ones that cant earn tax . increasing the tax too often can be annoying but i think they only increase it because they see that gambling business are now growing online
Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.
it is very cruel if the government imposes a tax on gambling players during this outbreak...it is no secret if gambling business owners will definitely get a big profit, it is very natural for them to contribute to the state by paying taxes because currently, of course, almost all countries need funds to save their economy as a result of this corona outbreak.
it is very cruel if the government imposes a tax on gambling players during this outbreak...
I don't see any cruelty on this, every government now in this pandemic badly needs money to sustain their economy, and they will look in every area and every industry where hey can extract revenues, and since online gambling sites are making huge profit from their operation at this point of time, it's just right that they get a slic
And cruelty to whom?to the gambling owner?i hope he knew what he says because if there are cruelty here ,those are the gambling operator that chooses to kick their employee instead of helping them in this pandemic.
Well if asking for taxes is cruelty then the whole world is cruel?because every thing in this world requires taxes unless illegally managed.
I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
And also, if you are still gambling in this pandemic, it means more or less you can afford to lose your money. Because if you don't have extra money, I don't think you will be gambling the money allotted for your family's needs. So the government is just getting the tax from people who can supposedly afford to gamble in these challenging period. In that way, they can also help other people who badly needs assistance.
But not everyone do afford to lose their money or maybe most of them are trying to find luck and have an easy way to earn,
thinking that if luck permits them they'll be able to win.
Government is doing this as part or restoring the country, no wonder that every part of the state will be sort and look for any
possibilities to collect funds to finance the needs.
I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
And also, if you are still gambling in this pandemic, it means more or less you can afford to lose your money. Because if you don't have extra money, I don't think you will be gambling the money allotted for your family's needs. So the government is just getting the tax from people who can supposedly afford to gamble in these challenging period. In that way, they can also help other people who badly needs assistance.
I understand if there are gamblers who object to the increase in gambling tax, especially in a pandemic situation like now people
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
are more sensitive. But we have to be open minded to accept the government's decision to increase the gambling tax, because
gambling is entertainment. so if the government raises taxes on the entertainment sector to increase revenue for the country
it is not a cruel thing. The government desperately needs tax revenue from gambling to provide assistance to people affected
by the corona virus. So we should support what the government has decided if it's for good.
First, is the tax for the gambling industry (home book) or for their citizen who plays gambling?
Actually, 5% is still a small tx percentage of the country for the gambling industry. There are still many countries that give very high taxes on gambling. Moreover, it is up to more than 80%, it is crazy, isn't it?
Like what we can see here:
The Ultimate Guide to Gambling Tax Rates Around the World
The Highest And Lowest Gambling Taxes Around The World
However, I know that it is about 5% in Argentina where at first there is exactly tax existed, but maybe it is different because it is for online tax?
Actually, 5% is still a small tx percentage of the country for the gambling industry. There are still many countries that give very high taxes on gambling. Moreover, it is up to more than 80%, it is crazy, isn't it?
Like what we can see here:
The Ultimate Guide to Gambling Tax Rates Around the World
The Highest And Lowest Gambling Taxes Around The World
However, I know that it is about 5% in Argentina where at first there is exactly tax existed, but maybe it is different because it is for online tax?
Quote
Argentina had provided a haven for online gamblers up until very recently with its tax-free winnings legislation. That’s all set to change with a 15 percent gross income and a 2 percent fee being considered.
it is very cruel if the government imposes a tax on gambling players during this outbreak...
I don't see any cruelty on this, every government now in this pandemic badly needs money to sustain their economy, and they will look in every area and every industry where hey can extract revenues, and since online gambling sites are making huge profit from their operation at this point of time, it's just right that they get a slice of the profit, although the additional tax percentage is quite big.
The number of online gambling and casino gambling increases with our current situation, most of the gamblers are now being into gambling due to this pandemic which makes them so bored and has free time that they are spending for gambling and by that government see this opportunity to earn by giving or increase the tax, good thing is that they will use it in good things if that is true. This pandemic causes too much suffering to our economics but the government should be fair to everyone for giving tax rate.
I hope they will...The government has seen this potential for helping them to recover from big economic losses. Ain't that a problem if they will fairly ask for it and if this is for the benefit of everyone.
Not only it is because we have this pandemic but still the government will surely impose and collect taxes as it was mandated by the Law. But if we assess the amount that they want to collect, I'd say that it was really big. I think it wasn't a good time to have such an amount as we are still in crisis, it could be acceptable if we are in a normal situation.
The country Argentina has been raises a tax on the gambling? Simply because all of the economy of each country in on the downside because of the pandemic that has been brough to us and that's why, their government think about how they will be able to recover again from the loss that has been brought by the pandemic, and it is giving the casinos or gambling casinos an additional tax for its gamblers. The cons here is that there are gamblers who are not in favor here because you as a gambler, will you be able to accept additional fees or tax whenever you play? Of course not.
Argentina is a third world country. It's quite normal that governments in 3rd world will look for several possibilities to get more incomes during the pademic when their economy can't support such an agressive crisis. The market of "Entertement" could be considered as a victim of this policy. Taxes augmented in everything even illegal stuffs,gambling isn'tan exception 
Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.
it is very cruel if the government imposes a tax on gambling players during this outbreak...it is no secret if gambling business owners will definitely get a big profit, it is very natural for them to contribute to the state by paying taxes because currently, of course, almost all countries need funds to save their economy as a result of this corona outbreak.
That is good news for CRYPTO GAMBLING.
How is this a good news? LOLNow gamblers are going to have a good reason to abandon traditional casinos and play at crypto currency sites which won't raise any taxes on them.
For Argentina it won't be good. The government thinks they are going to increase their income from taxes, but in fact it can be quite the opposite, as gamblers tend to look for another gambling methods, such as the clandestine ones or crypto casinos.
If you only read the OP's post you'll understand that it will cover any gambling and that includes the online gambling and betting. This will be effective in as early as the 2021 enters, this means that gamblers in Argentina will pay additional 5% for taxes in online and conventional gambling platforms. The only good news I can think of is that people will hesitate to gamble, instead some of them will just use it in more useful way. For Argentina it won't be good. The government thinks they are going to increase their income from taxes, but in fact it can be quite the opposite, as gamblers tend to look for another gambling methods, such as the clandestine ones or crypto casinos.
I would say taxing on gambling should always be high, because it is an industry that is guaranteed to make a profit and there is not that many business in the world that can say that. Normally I would say other business' are the same when they do not get customers they bankrupt and so will casinos as well but casinos could get just one whale and still make it big, plus if you do not get customers as a casino which is literally an "attraction" that means maybe you shouldn't have opened it.
It can't even get saturated, there are a billion casinos in Las Vegas and from the HUGE ones to small tiny ones they all make money somehow. So, I would say taxing these companies for gambling should be pretty high, not even 5% it should probably be higher for bigger ones.
You are right yet this industry is a multi billion one which means it is indeed profitable and 5% tax isnt really that much high if you do compare it on other countries It can't even get saturated, there are a billion casinos in Las Vegas and from the HUGE ones to small tiny ones they all make money somehow. So, I would say taxing these companies for gambling should be pretty high, not even 5% it should probably be higher for bigger ones.
which does have much higher tax rate.So i dont really see this as an issue with argentina government on making such step because it isnt really that bad after all
because this is just for the sake of economic development and yet we know on whats the purpose of tax after all.It is really not that surprising
since we are on amidst of pandemic which such increase shouldnt really be complained of.
Increasing those taxes happened because of the situation and I guess, nothing that can be done maybe just filed an appeal or something like that. The government just wants to restore this damaged economy quickly and if they set gambling to raise taxes, that might already be the best option because the increasing number of gamblers keeps the gambling industry on the rise too. that way, I'm sure every gambler will be able to adjust to this new tax because after all, most gamblers realize that gambling is entertainment by spending money and they are ready to play with money ready to spend, right.
It's what governments do! Most governments are in a bad financial situation, always short with money (do we even wonder why anymore?), so they look what can they tax! In this specific case it's Argentina and gambling!
I am not against tax and paying, but I would like more things to be done with that money! Maybe I have a weird stand on that, but I live in the country that have taxes on everything, and every year new things get taxed, and some old taxes are higher, it's like the normal thing for me... but what I don't see is that money going to something that will benefit the entire country! Read corruption, over 60% of public debt to GDP, read politicians are getting rich while they help rich to become richer. So I don't have big respect for governments today and their ways to take more money for themselves!
And like always we can't fight with force, or we can?! You either adapt to new things, or you go underground to try to find a way, and we all know how risky that can be!
They just saw how the online gambling casinos are making a huge profit from the pandemic, so they raised it from 2 to 5% that's a big jump, they just doubled the percentage, for an industry that's making $2.4 billions worth of revenue, the government will get its attention, and they have a reason now to increase the tax, that's the pandemic.
I guess it's time for online gambling sites to contribute but the government should acknowledge their contribution to their economy.
I guess it's time for online gambling sites to contribute but the government should acknowledge their contribution to their economy.
Acknowledgment? The fact that these gambling operators enjoy paying less tax for "several years" is already heaven to them. The gambling industry there is so active even without pandemics but still, the government only imposed a 2% tax on them.
These operators should be thankful that the government barely regulated gambling in that country. The time now to pay back. That tax increase won't hurt the gambling industry there as a whole. Gambling is one of the most performing industries there amid pandemic so not a problem at all if a 3% increase will be imposed.
If they increase the taxes too much, then it will push the gambling industry underground in to the hands of criminal gangs. In the end the government will face a reduction in tax revenue, which is exactly opposite of what they are expecting. To be frank, gambling is not one of the sectors where they can increase the tax rates heavily. The margins are very narrow and even a 1% increase can have serious impact on the volumes. They need to reverse this decision.
Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.
It will be a domino effects, once they suffer from this taxes the owners will implement also this tax to the gamblers to lessen
the burden to continue getting good amount of profits.
That's the chance that may take place while the government really needs additional money to start recovering, gambling industry
will be ask to cooperate as the government knows that this venue are capable to help.
Because this pandemic maybe the reasons why they are increased the tax for the gambling but I don't complain with that because it should be high tax for the gambling industry since the owner gets a lot of profit from the player. But if they applied this taxes to the player I would disagree with that. I those taxes they get from the gambling will be use in the project not on their own pocket or their own sake.
Increasing those taxes happened because of the situation and I guess, nothing that can be done maybe just filed an appeal or something like that. The government just wants to restore this damaged economy quickly and if they set gambling to raise taxes, that might already be the best option because the increasing number of gamblers keeps the gambling industry on the rise too. that way, I'm sure every gambler will be able to adjust to this new tax because after all, most gamblers realize that gambling is entertainment by spending money and they are ready to play with money ready to spend, right.
Related to the tax that they push to increase, my thoughts are always bad because you have to pay tax for gambling and My Thoughts at least they don't ban online gambling government earns from it too because they see that many people gamble and gamble they find their way to get some money. They did what they thought could get them for money and that tax money will be used publicly or into the pockets(I am not accusing its, just that is what the government is portraying this day we cant see who is into justice and injustice)
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