Big companies finally had enough of the excessive tax - page 7.

Peanutswar

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Quote from: Kong Hey Pakboy on June 22, 2021, 11:42:43 PM

Why do you side with the enemy? Big companies look like they are the victim here but that "excessive tax" that you are talking about isn't going to be of any help to you, they will just have more money to line their pockets. What we should be reacting is that we should be happy about the taxes because they help for a bigger government fund.

There's a point to might help the economy because the large amount of earnings what if theres a hidden transaction telling they paid tax but their not hoping not will happen.

Still it depends on the regulation of their country AFAIK in Philippines my country theres a small amount of percentage of tax but still, it's just a small amount to the gambling companies but in some instant, they think it's a large amount because they want to focus on their earning. A different perspective, different believes still need to have a concrete agreement for both terms regarding the tax payment

Lucasgabd

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@iv4n question is a must for understanding the system

gov + big corporations forms the Corpostate and this is the main governor in many places (the first I saw using this expression was @notsofast on twitter)

As an example: in Brazil one of the biggest donors for the biggest 2 opposing political parties is Itaú, a huge bank.

regarding @traderethereum comment: some corporations will even prefer to pay the fine than the taxes, specially if judgements are slow and they can buy the fiscals

KTChampions

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Quote from: iv4n on June 24, 2021, 07:49:54 AM

Quote from: KTChampions on June 24, 2021, 06:27:01 AM

There is a lot of truth in your words. Big companies have turned into big scammers - for example, it annoys me when they do business in one place, but pay taxes on the other side of the world, this is completely absurd. But when fighting these scammers, there is a very big danger of giving too much authority to the government, the government in most cases is also an enemy and is trying to crush all our rights and freedoms.

And who is the enemy here? Big companies or governments? Or they are two faces of the same coin?

Lately, we have many topics about gambling taxes in some parts of the world... and I guess it's good to know what's happening around! Here on the forum, and in comments around the internet, I see some people think higher taxes are ok, others disagree... and I see some good arguments from both sides!
My opinion is simple, perspective depends on the place where you live! And from one end of the world to another we have many different countries, with different laws and regulations! Most of all with different social and many other policies! What I wish to say, there are not many countries that are well-governed countries... where paying taxes really pays off for everyone! Most countries (and I am from one) are a complete disaster! Governments and big companies are sucking out the money to shell companies abroad, as KTChampions said! It's a sad truth, but in countries like this higher taxes are just making more problems for the majority!

Sure. If you do not restrict large companies and governments, they turn into a disaster. High taxes are a disaster, as are companies that completely avoid them. But governments turn into a disaster in the same way: if the government collects taxes but does nothing good, and the other extreme is that the government collects too many taxes, does something good, but at the same time completely restricts our rights and freedoms. It is very difficult to find a balance in solving this problem, which is why it is always relevant and discussed.

traderethereum

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Quote from: Kittygalore on June 24, 2021, 07:08:10 AM

Quote from: zanezane on June 23, 2021, 01:30:05 AM

I don't think that they had enough, they are probably losing just a small percentage of their annual profits when the taxes for their businesses are increased and isn't gambling a profitable business? Why they worry about it when they can probably just make people spend more on their casinos, they are good at it anyways.

That's probably the case, we all know that businesses are just trying to maximize their profits and that taxes are their natural enemies. I think the reason that they worry is probably because they will pay more taxes no matter what.

Maybe they will hide some income and not report it to their government because of the high taxes.
But we hope that they do not do that because if their government knows, they will get punishment and it can damage their reputations and in the end, the government can close their business.
Their annual profits will still be bigger than the taxes that they should pay, so I think it will not be a problem for them to pay the taxes monthly or yearly.
Maybe if their income is not too high compared to the other casino, they can report it to the government to reduce the money following their income to make it difficult to pay the taxes.

iv4n

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Quote from: KTChampions on June 24, 2021, 06:27:01 AM

Quote from: Kong Hey Pakboy on June 22, 2021, 11:42:43 PM

Why do you side with the enemy? Big companies look like they are the victim here but that "excessive tax" that you are talking about isn't going to be of any help to you, they will just have more money to line their pockets. What we should be reacting is that we should be happy about the taxes because they help for a bigger government fund.

There is a lot of truth in your words. Big companies have turned into big scammers - for example, it annoys me when they do business in one place, but pay taxes on the other side of the world, this is completely absurd. But when fighting these scammers, there is a very big danger of giving too much authority to the government, the government in most cases is also an enemy and is trying to crush all our rights and freedoms.

And who is the enemy here? Big companies or governments? Or they are two faces of the same coin?

Lately, we have many topics about gambling taxes in some parts of the world... and I guess it's good to know what's happening around! Here on the forum, and in comments around the internet, I see some people think higher taxes are ok, others disagree... and I see some good arguments from both sides!
My opinion is simple, perspective depends on the place where you live! And from one end of the world to another we have many different countries, with different laws and regulations! Most of all with different social and many other policies! What I wish to say, there are not many countries that are well-governed countries... where paying taxes really pays off for everyone! Most countries (and I am from one) are a complete disaster! Governments and big companies are sucking out the money to shell companies abroad, as KTChampions said! It's a sad truth, but in countries like this higher taxes are just making more problems for the majority!

Lucasgabd

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Quote from: mv1986 on June 22, 2021, 06:54:29 PM

In many cases the government can't make perfect decisions because that is the paradox politics are up against. If they do their job very good, the strongest unit within a state is the economy, but once that is achieved, the problem is that the economy takes over or at least exerts influence over political decisions, hence it is not the perfect state anymore. Lobbyism is an issue and I am sure gambling is an industry that has strong lobbyists under its belt.

Hayek talks about it, that knowledge is spread between many individuals and that having the pretension to say that a central state will be better at knowing what people mwant and think its better for them is not a good idea

Reading the "The road to serfdom" now and relates to it somehow...

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Quote from: stomachgrowls on June 23, 2021, 06:25:02 PM

It is somewhat pointless if they would be keeping on making out warnings but at least they are really showing off some concern but actually they dont really care at all.Those were just complimentary or some form of formality just to make themselves that they do really care but actually theyre not.

If government is really been that in concern into their citizens health then they wont really be allowing thing in the first place.

This just really proves out that tax and income would really be their main priority rather than into other health problems or concerns.

Concern? It's pretty empty then imo. It's like they put those warnings in cigarette packs and make boring ads and whatnot about negative effects of whatever(cigs, drugs, gambling, etc.) just for the sake of it. Let's be real, even they themselves know that what they are doing is a fruitless endeavor. They only do it just to keep up the appearance that they actually care. If they really did, honestly? They would've done a loot more stuff that could help when they remove said negative stuff. (except for gambling, like fr, that's just your own decision-making and not really negative, unlike cigs).

Kittygalore

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Quote from: zanezane on June 23, 2021, 01:30:05 AM

I don't think that they had enough, they are probably losing just a small percentage of their annual profits when the taxes for their businesses are increased and isn't gambling a profitable business? Why they worry about it when they can probably just make people spend more on their casinos, they are good at it anyways.

That's probably the case, we all know that businesses are just trying to maximize their profits and that taxes are their natural enemies. I think the reason that they worry is probably because they will pay more taxes no matter what.

KTChampions

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Quote from: Kong Hey Pakboy on June 22, 2021, 11:42:43 PM

Why do you side with the enemy? Big companies look like they are the victim here but that "excessive tax" that you are talking about isn't going to be of any help to you, they will just have more money to line their pockets. What we should be reacting is that we should be happy about the taxes because they help for a bigger government fund.

There is a lot of truth in your words. Big companies have turned into big scammers - for example, it annoys me when they do business in one place, but pay taxes on the other side of the world, this is completely absurd. But when fighting these scammers, there is a very big danger of giving too much authority to the government, the government in most cases is also an enemy and is trying to crush all our rights and freedoms.

ethereumhunter

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Quote from: stomachgrowls on June 23, 2021, 06:25:02 PM

Quote from: mv1986 on June 23, 2021, 04:36:39 PM

Quote from: ethereumhunter on June 23, 2021, 01:36:19 AM

Quote from: Cling18 on June 23, 2021, 12:25:50 AM

Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

In our country, our government is actually obviously promoting gambling since they could get lots of taxes from it which will benefit the corrupt officials. Instead of discouraging gamblers, they see it as another opportunity to gain funds. Tax is actually part of gambling, and it honestly supports a huge part of the economy, so no matter how heavy it is to pay huge taxes, we should still take responsible for it.

If your government also warns the people about the danger of playing gambling, that will help people realize the risk and play gambling carefully. Otherwise, the government will see that many people will be addicted to gambling sooner or later and if that happens, they need to spend more money to cure them. Yes, tax is part of the economy, and we should pay that tax as a citizen. The gambling industry in your country and another country also contribute to the growth of the country.

You really think so? Wink

Do you know how many warnings there are on cigarette packages about potential cancer and what not? It doesn't really bother anyone. I have never heard that someone quit smoking because the government warns smokers about cancer and other illnesses.

I don't think warning about gambling will prevent anyone from playing. I think more real life stories of people who really got into trouble sharing their experiences could help, but even then it is still everyone's own decision.

It is somewhat pointless if they would be keeping on making out warnings but at least they are really showing off some concern but actually they dont really care at all.Those were just complimentary or some form of formality just to make themselves that they do really care but actually theyre not.

If government is really been that in concern into their citizens health then they wont really be allowing thing in the first place.

This just really proves out that tax and income would really be their main priority rather than into other health problems or concerns.

People stop smoking, gambling or other addicting because of themselves and not because of the government warnings. But some people can stop doing that because they see the warning from the government. If you want to stop, just trying to stop, no matter if there is a warning or not because that is about your life and you need to take responsibility for yourself. I agree that is a formality and they do not care at all about yours.

If the government really care about their people, they must close the casino, the cigarettes factory, and other to prevent people for using that. That will give a big impact to the country because those thing gives the tax for the country.

stomachgrowls

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Quote from: mv1986 on June 23, 2021, 04:36:39 PM

Quote from: ethereumhunter on June 23, 2021, 01:36:19 AM

Quote from: Cling18 on June 23, 2021, 12:25:50 AM

Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

In our country, our government is actually obviously promoting gambling since they could get lots of taxes from it which will benefit the corrupt officials. Instead of discouraging gamblers, they see it as another opportunity to gain funds. Tax is actually part of gambling, and it honestly supports a huge part of the economy, so no matter how heavy it is to pay huge taxes, we should still take responsible for it.

If your government also warns the people about the danger of playing gambling, that will help people realize the risk and play gambling carefully. Otherwise, the government will see that many people will be addicted to gambling sooner or later and if that happens, they need to spend more money to cure them. Yes, tax is part of the economy, and we should pay that tax as a citizen. The gambling industry in your country and another country also contribute to the growth of the country.

You really think so? Wink

Do you know how many warnings there are on cigarette packages about potential cancer and what not? It doesn't really bother anyone. I have never heard that someone quit smoking because the government warns smokers about cancer and other illnesses.

I don't think warning about gambling will prevent anyone from playing. I think more real life stories of people who really got into trouble sharing their experiences could help, but even then it is still everyone's own decision.

It is somewhat pointless if they would be keeping on making out warnings but at least they are really showing off some concern but actually they dont really care at all.Those were just complimentary or some form of formality just to make themselves that they do really care but actually theyre not.

If government is really been that in concern into their citizens health then they wont really be allowing thing in the first place.

This just really proves out that tax and income would really be their main priority rather than into other health problems or concerns.

mv1986

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Quote from: ethereumhunter on June 23, 2021, 01:36:19 AM

Quote from: Cling18 on June 23, 2021, 12:25:50 AM

Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

In our country, our government is actually obviously promoting gambling since they could get lots of taxes from it which will benefit the corrupt officials. Instead of discouraging gamblers, they see it as another opportunity to gain funds. Tax is actually part of gambling, and it honestly supports a huge part of the economy, so no matter how heavy it is to pay huge taxes, we should still take responsible for it.

If your government also warns the people about the danger of playing gambling, that will help people realize the risk and play gambling carefully. Otherwise, the government will see that many people will be addicted to gambling sooner or later and if that happens, they need to spend more money to cure them. Yes, tax is part of the economy, and we should pay that tax as a citizen. The gambling industry in your country and another country also contribute to the growth of the country.

You really think so? Wink

Do you know how many warnings there are on cigarette packages about potential cancer and what not? It doesn't really bother anyone. I have never heard that someone quit smoking because the government warns smokers about cancer and other illnesses.

I don't think warning about gambling will prevent anyone from playing. I think more real life stories of people who really got into trouble sharing their experiences could help, but even then it is still everyone's own decision.

ethereumhunter

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Quote from: Cling18 on June 23, 2021, 12:25:50 AM

Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

In our country, our government is actually obviously promoting gambling since they could get lots of taxes from it which will benefit the corrupt officials. Instead of discouraging gamblers, they see it as another opportunity to gain funds. Tax is actually part of gambling, and it honestly supports a huge part of the economy, so no matter how heavy it is to pay huge taxes, we should still take responsible for it.

If your government also warns the people about the danger of playing gambling, that will help people realize the risk and play gambling carefully. Otherwise, the government will see that many people will be addicted to gambling sooner or later and if that happens, they need to spend more money to cure them. Yes, tax is part of the economy, and we should pay that tax as a citizen. The gambling industry in your country and another country also contribute to the growth of the country.

zanezane

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I don't think that they had enough, they are probably losing just a small percentage of their annual profits when the taxes for their businesses are increased and isn't gambling a profitable business? Why they worry about it when they can probably just make people spend more on their casinos, they are good at it anyways.

Xinarae*

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Gambling is an addiction and addiction to gambling at a time when big companies eventually charge extra taxes for gambling to make more profit. Almost every gambling place is taxed and it is a part of their game later there are many gamblers who give up gambling in the neighborhood without paying taxes just as it is true that many taxable people are evading taxes, are those who are paying taxes also getting proper services from the state taxation is a means of expressing loyalty to the state as a citizen. In return the responsibility of the state is to provide various services to the people to provide their security. This is the norm in a democratic state.

Cling18

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Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

In our country, our government is actually obviously promoting gambling since they could get lots of taxes from it which will benefit the corrupt officials. Instead of discouraging gamblers, they see it as another opportunity to gain funds. Tax is actually part of gambling, and it honestly supports a huge part of the economy, so no matter how heavy it is to pay huge taxes, we should still take responsible for it.

Wexnident

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Quote from: DoublerHunter on June 22, 2021, 04:59:05 PM

^ It is possible, but my question is if there is an illegal gambling casino which is you think they are much better than the regulated one, will you still gamble it there? For me, I don't, because most the illegal gambling casino has shady activity, not unless, the government will hunt them and force to stop operation which is very risky if you have a fund on that casino. That is why even how taxes will apply to the casino, they are still preferred this since they are running a business, besides, generating tax must have a calculation per annum and I don't think there is a casino that give more than 80% to the government, usually from 10% to 50% probably.

I don't think people would choose to go for illegal ones even with high taxes on the legal ones simply because being caught means losing EVERYTHING. You already lost money on the casino, but there's another risk of losing everything other than money after all. Not to mention that casinos wouldn't necessarily protect you if they were caught. And really, there's no sense if the difference isn't that much, I don't think that bit amount of money is enough for you to throw away the guarantee that you are playing in a safe environment.

Kong Hey Pakboy

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Why do you side with the enemy? Big companies look like they are the victim here but that "excessive tax" that you are talking about isn't going to be of any help to you, they will just have more money to line their pockets. What we should be reacting is that we should be happy about the taxes because they help for a bigger government fund.

mv1986

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Quote from: Lucasgabd on June 22, 2021, 02:56:47 PM

Quote from: qwertyup23 on June 17, 2021, 06:25:59 PM

Quote from: Woodie on June 13, 2021, 03:05:01 PM

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

I do support this view.

The taxing power is limitless as it is one of the three (3) inherent powers of the government where they can exercise it for revenue or preventive measures. The twenty percent (20%) excise tax is imposed primarily to discourage the people from gambling due to its negative effects in the society. While this measure is not an absolute guarantee that businesses will opt not to enter the gambling industry, it is nevertheless a revenue measure for the government that will enable them to create projects from such revenue.

the problem happens when lobby affects the decisions of the government on what should be allowed or not and what should be taxes or not.

curious that I just read Rothbard's book: Anatomy of the state
so I may be a bit biased against the possibilities ofthe government to make good decisions

Grin

In many cases the government can't make perfect decisions because that is the paradox politics are up against. If they do their job very good, the strongest unit within a state is the economy, but once that is achieved, the problem is that the economy takes over or at least exerts influence over political decisions, hence it is not the perfect state anymore. Lobbyism is an issue and I am sure gambling is an industry that has strong lobbyists under its belt.

DoublerHunter

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Quote from: Silberman on June 22, 2021, 04:29:21 PM

Quote from: harizen on June 21, 2021, 06:05:08 PM

Quote from: Fredomago on June 21, 2021, 12:43:50 PM

For people who can afford and willing to continue even that huge amount of implemented taxes there's no stopping them to partake with this activities.

It makes sense. Just like how people treat the increase of sin tax in tobacco, liquor, etc. They don't bother with the tax as long as they want to take part in it.

In other words, people know how to adjust and there will be a time that they are now used to experience an increased tax.

Gambling operators also know how to adjust if ever they will be imposed by the additional tax of the government. They will pass it to their customers in a way that is not noticeable or proposed a win-win situation for both parties.

There is also yet another possibility, when the tax on something is too high like on liquor or cigarettes people will find products that did not paid those taxes and that are cheaper because of it, this is why governments need to be careful about how they tax something as too high taxes can generate black markets, and the same is true for services which is the category in wich gambling falls, if the taxes are too high then illegal casinos will appear and people will prefer them over the legal ones simply because they give better odds.

^ It is possible, but my question is if there is an illegal gambling casino which is you think they are much better than the regulated one, will you still gamble it there? For me, I don't, because most the illegal gambling casino has shady activity, not unless, the government will hunt them and force to stop operation which is very risky if you have a fund on that casino. That is why even how taxes will apply to the casino, they are still preferred this since they are running a business, besides, generating tax must have a calculation per annum and I don't think there is a casino that give more than 80% to the government, usually from 10% to 50% probably.

Topic: Big companies finally had enough of the excessive tax - page 7. (Read 2355 times)