Topic: Big companies finally had enough of the excessive tax (Read 2350 times)

Quote from: mv1986 on July 20, 2021, 02:36:10 PM

You mean to say that the physical casino in your country were not closed in the time of pandemic ? That's strange because the pandemic has the impact on the whole world and not a single country was safe from this virus. The countries who didn't applied the early lockdown , later had to pay the price when patients affected from covid19 rise to the alarming numbers.

would love to see comparison data on all countries number of cases x lockdown duration x lockdown start date.

but still, wouldn't be surprised to know some countries had casinos open, specially countries where lobby is strong, in Brazil they reopened churches before schools
many messed up things going on in Politics

I would not be surprised of this as well, we must remember that some economic sectors are very strong and as such have influence over the policies governments can take and they can change them to their favor, so it would not be surprising that in a country where the gambling industry was strong and politicians accepted bribes the physical casinos remained open for longer or were not even closed on the first place, for example where I live all businesses were open before schools showing how little the government cares about the education of the children.

just playing the devil's advocate here
schools can be a much bigger vector for virus transmission than simple businneses
but yes, I get what you mean

usually most governments care much more about investing in defense and military power than education and culture.

instead of their words, look at their actions

agustina2

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I am not 100% sure whether Las Vegas fully closed its doors, but what I do know is that gambling in Las Vegas hit an all time high in the beginning of 2021! Cheesy

Vegas casinos got closed. If I remember it right, Vegas was one with the most number of confirmed cases in the US.

They are in-talk here in this forum section during the pandemic last year wherein their Mayor wants to open the casinos despite the large cases as former USA President Trump itself was in favor of the Mayor's plan.

Quote from: mv1986 on July 20, 2021, 02:36:10 PM

People freaked out when they reopened their doors fully. It was crowded anyway, but who would have thought they will bounce back with an all time high?

People miss the entertainment part of their life. It's hard to fight mental stress during pandemic.

Lanatsa

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Quote from: KTChampions on July 13, 2021, 07:09:43 PM

Quote from: Silberman on July 20, 2021, 10:50:00 AM

Online gambling is flourishing... I guess you wanted to say that land-based casinos suffered from this pandemic, but it's not completely true! They had a long break, but in my country, they are still working well, despite everything!

Whom else to blame than governments? Government should work for the people, not for big companies! Simple as that! But we have totally opposite situation in most parts of the world, where government officials are getting rich while they help big companies/corporations to earn more and more!

Wasn't there a lockdown in your country? I thought the whole world went through this.
Judging by the fact that now all over the world severe discrimination is gradually being introduced against those who do not want to be vaccinated, online casinos will always have a good share of the gambling market.

I don't see any discrimination into those people who don't want to get vaccinated and that's an another part of concern since we aren't talking about business or revenue on here.

About tax then its just actually a thing which should be asked or required upon since we know on how tax do really plays a role on economic development on a certain country.

Gambling business is generating big revenue and its just right that they would be asking more than into those businesses which are lesser in terms of overall revenue.

mv1986

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Quote from: Lucasgabd on July 18, 2021, 10:13:21 AM

Quote from: Lucasgabd on July 18, 2021, 10:13:21 AM

You mean to say that the physical casino in your country were not closed in the time of pandemic ? That's strange because the pandemic has the impact on the whole world and not a single country was safe from this virus. The countries who didn't applied the early lockdown , later had to pay the price when patients affected from covid19 rise to the alarming numbers.

would love to see comparison data on all countries number of cases x lockdown duration x lockdown start date.

but still, wouldn't be surprised to know some countries had casinos open, specially countries where lobby is strong, in Brazil they reopened churches before schools
many messed up things going on in Politics

I would not be surprised of this as well, we must remember that some economic sectors are very strong and as such have influence over the policies governments can take and they can change them to their favor, so it would not be surprising that in a country where the gambling industry was strong and politicians accepted bribes the physical casinos remained open for longer or were not even closed on the first place, for example where I live all businesses were open before schools showing how little the government cares about the education of the children.

Maybe maybe there were some countries that kept their casinos open, but as far as I can tell even Monte Carlo closed the doors of its casinos. I am not 100% sure whether Las Vegas fully closed its doors, but what I do know is that gambling in Las Vegas hit an all time high in the beginning of 2021! Cheesy

People freaked out when they reopened their doors fully. It was crowded anyway, but who would have thought they will bounce back with an all time high?

Woodie

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Quote

“Excise duty on betting at 20% of the amount will be wagered,” said Yattani, which would mean that the amount would be levied and passed on to a person who has won on a bet, which according to Yattani would also help discourage betting in the country.

20% is quite for something the government has not invested in and am certain these guys pushing for such have no fresh ideas of how to generate revenue for the government and have chosen an easy way out to tap in the billion dollar industry.

Quote

Now the biggest football clubs have joined hands to oppose this rule

Football clubs taking sides of gambling, is this not something that would get them in trouble?

Silberman

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You mean to say that the physical casino in your country were not closed in the time of pandemic ? That's strange because the pandemic has the impact on the whole world and not a single country was safe from this virus. The countries who didn't applied the early lockdown , later had to pay the price when patients affected from covid19 rise to the alarming numbers.

would love to see comparison data on all countries number of cases x lockdown duration x lockdown start date.

but still, wouldn't be surprised to know some countries had casinos open, specially countries where lobby is strong, in Brazil they reopened churches before schools
many messed up things going on in Politics

I would not be surprised of this as well, we must remember that some economic sectors are very strong and as such have influence over the policies governments can take and they can change them to their favor, so it would not be surprising that in a country where the gambling industry was strong and politicians accepted bribes the physical casinos remained open for longer or were not even closed on the first place, for example where I live all businesses were open before schools showing how little the government cares about the education of the children.

Lucasgabd

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There's no need to be upset

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

Online gambling is flourishing... I guess you wanted to say that land-based casinos suffered from this pandemic, but it's not completely true! They had a long break, but in my country, they are still working well, despite everything!

Whom else to blame than governments? Government should work for the people, not for big companies! Simple as that! But we have totally opposite situation in most parts of the world, where government officials are getting rich while they help big companies/corporations to earn more and more!

You mean to say that the physical casino in your country were not closed in the time of pandemic ? That's strange because the pandemic has the impact on the whole world and not a single country was safe from this virus. The countries who didn't applied the early lockdown , later had to pay the price when patients affected from covid19 rise to the alarming numbers.

would love to see comparison data on all countries number of cases x lockdown duration x lockdown start date.

but still, wouldn't be surprised to know some countries had casinos open, specially countries where lobby is strong, in Brazil they reopened churches before schools
many messed up things going on in Politics

virasog

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Quote from: iv4n on July 14, 2021, 03:32:58 AM

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

Online gambling is flourishing... I guess you wanted to say that land-based casinos suffered from this pandemic, but it's not completely true! They had a long break, but in my country, they are still working well, despite everything!

Whom else to blame than governments? Government should work for the people, not for big companies! Simple as that! But we have totally opposite situation in most parts of the world, where government officials are getting rich while they help big companies/corporations to earn more and more!

You mean to say that the physical casino in your country were not closed in the time of pandemic ? That's strange because the pandemic has the impact on the whole world and not a single country was safe from this virus. The countries who didn't applied the early lockdown , later had to pay the price when patients affected from covid19 rise to the alarming numbers.

Silberman

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Yes, there was a lockdown, and casinos didn't work! It's why I wrote they had a long break! After lockdown, they started with a shorter working time, but for some time they are working their "normal hours"! My sister is working in a casino, so it's where I get information about this... I am not going to land-based casinos!

I agree, online casinos are becoming more popular! But that doesn't mean that ground casinos will disappear! Some people simply like to visit them, and for them, gambling is about going there, talk with people, gambling... drinking coffee or something stronger while doing all that!

Physical casinos are always going to exist because they offer a different experience than what you can get out of online casinos, but online casinos are gaining a lot of ground not only because of the pandemic that is still in place, they are gaining in popularity as well because the minimum bets in those casinos are smaller and you do not have to give a tip to every single person working there and when we add the variety of games offered in online casinos then it becomes obvious why online casinos have become so popular over the years.

Lucasgabd

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There's no need to be upset

Quote from: hahay on July 14, 2021, 06:24:42 AM

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

the government will often try to squeeze somewhere instead of shrinking the size of the public machine and their salary sizes.
it's just how it is
considering the global cenario I'd expect taxes to raise on the next decades as more and more money is bridged to crypto and alternative systems

RealMalatesta

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^ It is very funny that we are talking about how taxes are either not paid or should not be paid, funnier even when people who do not own something as large as a casino come here and defend the wealthy people who own one, and say that they should not be paying high taxes.

There are few reasons why this happens, one of the reasons is that people think that government takes the money and then not spending it where they should, when USA spends 760 billion dollars on military, you know your taxes goes towards lockheed more than it goes back to you, who are you at war with? Who out there is attacking USA right now? No one, then why spend more than next 26 biggest spending nations all combined? All because military would literally kill the person who says we shouldn't.

Or another reason people may think that people should not be helped by the government, let everyone be whatever and if there is a problem then it is free markets problem, but remember without taxes and regulations companies were willing to pay children 1 dollar per hour to work, it is only the government that prevents it, so free market will always fail in morality if you let it run free. There are some more but these are the main two reasons, it is just funny.

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Quote from: Tumanggor on July 14, 2021, 04:22:12 AM

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

After all, the government should make other policies in this pandemic era regarding tax payments, in my country tax payments can be delayed during this pandemic and of course this policy is very good for the people's economy. At least there are loosened rules regarding taxes during the pandemic because after all, the government cannot only rely on income from taxes because there are still many from other sectors that can at least be income.

The effects of the Covid-19 pandemic that are still attacking the whole world, of course, bring the situation in two crises at once, namely the economy and health, and of course the government must really be able to take policies as an effort to reduce the risk of the spread of covid-19 which is increasingly widespread today so that the health impact of and the economy can be minimized, and it can be said that the current pandemic is of course very draining on the state budget and we know now that the main sectors that have been the state's income have also been greatly affected by covid, such as customs, taxes, mining and non-tax revenues, So this situation makes the country has a very heavy burden.

KTChampions

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Quote from: KTChampions on July 13, 2021, 07:09:43 PM

~

Wasn't there a lockdown in your country? I thought the whole world went through this.
Judging by the fact that now all over the world severe discrimination is gradually being introduced against those who do not want to be vaccinated, online casinos will always have a good share of the gambling market.

online casinos are not affected by the lockdown at all, they even get more visitors IMO
then it's really not natural that online casinos are not willing to pay 20% tax when their income increases

Fully legal casinos have paid taxes and continue to pay, and in fact they do not experience any problems due to changes in revenue indicators - the tax is paid as a percentage of profits, so its size can be said to be constant. As for casinos that evade taxes, it is not surprising that every year it becomes more difficult - online is more and more strictly regulated and even the crypto is gradually coming under the full control of the fiat world.

yazher

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You own the pen

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

Banning is the solution and if they wanted to get some money in a legal way from those companies, high taxes are the solution. That's why most of them are now closed because they cannot handle the heat and the excessive tax that has been implemented. But some of them didn't give it up as they create something alternative which will hide their activities from their government. But if they get caught, they will face serious charges which will lead them to pay more money.

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Quote from: KTChampions on July 13, 2021, 07:09:43 PM

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

It's such a bad time to implement it but you can't blamer a government that wants to have money coming in times of pandemic, but one of their reasons to prohibit people from gambling is a bad one, if they don't want people to gamble in their country they should ban gambling, they really want to justify their additional taxes to these gambling companies, which is also suffering from this pandemic.

After all, the government should make other policies in this pandemic era regarding tax payments, in my country tax payments can be delayed during this pandemic and of course this policy is very good for the people's economy. At least there are loosened rules regarding taxes during the pandemic because after all, the government cannot only rely on income from taxes because there are still many from other sectors that can at least be income.

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I think 20% tax is a reasonable thing to be paid by offline/online casinos because their business is still good during this pandemic