After reading your posts, I saw that many people write that with the legalization of gambling, the level of corruption in the country increases.
Having looked at the list of the corruption index for different countries, which is compiled by Transparency International, I saw that Brazil is in 94th place on this list with an index of 38. For example, this index in France is 69, Japan is 74, and the record holder (with minimal corruption) New Zealand 88.
So with this level of corruption in the country, it is very problematic to legalize gambling. This will most likely lead to an increase in economic crime.
And President of Brazil is right that he does not think it is right.
Topic: Could Gambling Legalization be a positive thing for Brazil? (Read 413 times)
I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
they need to fix their government first before they look for some way to increase the tax revenue of their country because the only people who get the benefit from it is the corrupt government and for the country, it won't bring anything good except they will gonna suffer even more than when it was not yet legalized. Because there are high chances that people will take this chance to organize their own gambling dens to benefit from it and make everyone play like there is no tomorrow. It would become an instant trend, because of how many people play every day and they need to be ready on the mental health of those who lose their senses when they lose everything they have because more likely they won't do anything good after that.
Well from a perspective of decentralised gambling and crypto gambling, it might be already too hard for any government to effectively stifle "gambling dens" especially the ones running on TOR or similiar methods to cover their tracks and stay online.
So it isnt really a question of what they want to avoid but rather how they want to redirect the revenue from those gambling dens in such a way that they will be able to tax it.
The general consensus seems to be that the legalization of gambling in a country seems to be negative, but there are a few positive things too that need to be considered. In my country legal lotteries donate a LOT of money to charities and Sport development, so it is a bonus to some people that might benefit from that.
The taxes boost the service delivery in areas where there are no water and electricity and it funds large infrastructure projects. So it helps to stimulate growth and economic development. The down side is the gambling addiction ..but that can be managed within a legal framework.
The taxes boost the service delivery in areas where there are no water and electricity and it funds large infrastructure projects. So it helps to stimulate growth and economic development. The down side is the gambling addiction ..but that can be managed within a legal framework.
Taxes from gambling or other sources can be new resources for the corrupt officers because that is already happened in many countries and from a long time ago. It is hard to eliminate the corrupt officers related to the taxes because they can easily find a spot to get the taxes without anyone knowing. But if the Brazilian government wants to legalize gambling, they must have clean officers who can take care of the taxes so the corrupt officers will not have a chance to get that taxes.
Corruption is known as the long time illness in every government like here in my country it was already a problem for a long time ago and up until now it is still a problem of our nation that presents in every administration of our government. I don't think no there's an effective way to eliminate those corrupt people than by not giving them a chance to sit on any position in government during election (in a democratic country like mine). Going back to OP's concern I believe legalization of gambling could bring positive and negative thing at the same time, it could add revenue but still gambling addiction and others negative effect are still possible.
What do you guys think?
Shouldn't it be the sound decision??
Shouldn't it be the sound decision??
It shouldn't be sound, it should be normal ... we live in the 21st century, people will gamble anyway, why shouldn't we be aware of that and allow people to normally enjoy what they love to do, in this case, to gamble! As some other members say, there will be more work for people, good things can be done from taxes ... it is simply better to have a normal situation where everything is nicely regulated than to push gambling under the carpet and create bigger problems.
This is high on one industry. Putting 30% tax rate on just gambling website company is high, it may chase prospective investors off because every investor likes to put money where they can also make profit as quick as possible to take care of start up expenses and pay salaries. At least a 10% tax rate can go.
Money generated from gambling as just one sector won't be enough to rebuilding the country. It will put burden on operators and they might eventually collapse and the aim forfeited. So they can encourage other industry and grow them too.
I agree they should meet halfway 30% is not good even if it's a start-up for legalization of gambling, they can start at 10% then go higher in the succeeding year, by that time the gambling industry has already established their hold, they should give and take, both parties want profit and revenues, now are the best time to legalize and regulate gambling, and the Brazilian government can make a huge difference if they make a good decision in this pandemic.
What do you guys think?
I think the Brazilian government should immediately implement the gambling industry legally there.Shouldn't it be the sound decision??
With income and from what you said 3.5 million dollars, it is very reasonable and if brazil applies taxation to the gambling industry it is certain that the decision is unanimous and right.I think the Brazilian government's policy will benefit many parties.
• Increase state/income tax revenue.
• Reducing unemployment and creating employment opportunities in the gambling industry, if legal.
• For companies and gambling bettors, they feel comfortable, there is no concern that gambling in Brazil is legal or illegal.
What is clear, this rule will lead to one thing that leads positively to the economy in brazil.
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I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
Our country has legalized gambling because of the taxes that they could get from it but the taxes are actually another source of corruption and the corrupt officers are the ones who benefit from it. I think the Brazil government is also trying to get rid of the possible effect of gambling legalization in their country. It might also cause gambling addiction which could ruin lots of lives but I also believe that they would legalize gambling in time.
According to the article published :
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.
What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.
https://www.gamblingnews.com/news/brazil-gambling-legalization-would-bring-3-5bn-in-annual-tax/
The legalization of Gambling in Brazil alone can bring 3.5 Billion Dollars in Annual Tax. The country have not yet legalized the casino gambling but there have been frivolous attempts to make that happen. At the same time it could also be responsible for creating over 650,000 Jobs in collaboration with Bingo and other forms of betting as well. The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, in the middle of covid, any move counts and can be important as well.
The president have stern thinking and he is against it but some members think they are just looking 7 years worth of revenue if they are not legalizing it. What I do think is they should keep it into consideration that, be it legal or no people would still do it, might as well, make sure they are doing it on a trusted platform and at the same time bringing revenue for the country as well.
What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.
The legalization of gambling in Brazil is a very correct step by the Brazilian government.
The Brazilians themselves are not very gambling people, especially when you compare them with Asians. In Brazil, there is a cult of a healthy lifestyle, sex, football, carnival. Boys in Brazil play football, and girls spend a lot of time perfecting their figure and dancing samba. In Brazil, the sun always shines and the weather is great. All this is not conducive to the formation of dependence on gambling. Brazilians have a lot of interesting things in life.
At the same time, many foreigners come to Brazil (to Buenos Aires). They will be happy to gamble and thereby replenish the country's budget.
This will provide additional funds for the fight against crime.
I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
they need to fix their government first before they look for some way to increase the tax revenue of their country because the only people who get the benefit from it is the corrupt government and for the country, it won't bring anything good except they will gonna suffer even more than when it was not yet legalized. Because there are high chances that people will take this chance to organize their own gambling dens to benefit from it and make everyone play like there is no tomorrow. It would become an instant trend, because of how many people play every day and they need to be ready on the mental health of those who lose their senses when they lose everything they have because more likely they won't do anything good after that.
The country's lawmakers want to tax Gambling industry at 30% to be able to earn from them a descent amount to solve the economic fallout from the last year, country.
This is high on one industry. Putting 30% tax rate on just gambling website company is high, it may chase prospective investors off because every investor likes to put money where they can also make profit as quick as possible to take care of start up expenses and pay salaries. At least a 10% tax rate can go.
Money generated from gambling as just one sector won't be enough to rebuilding the country. It will put burden on operators and they might eventually collapse and the aim forfeited. So they can encourage other industry and grow them too.
I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
Our country has legalized gambling because of the taxes that they could get from it but the taxes are actually another source of corruption and the corrupt officers are the ones who benefit from it. I think the Brazil government is also trying to get rid of the possible effect of gambling legalization in their country. It might also cause gambling addiction which could ruin lots of lives but I also believe that they would legalize gambling in time.
What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.
However, such actions by the legislator can have many negative consequences for the entire population of the country. I will not list them because this is the result of a system analysis, which we will not be able to carry out without accurate initial data. There are countries where this business is legalized, and where it is prohibited. It all depends not only on the will of the legislators but also on the mentality of the population and their religion, beliefs, lifestyle and other factors.
Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.
The government should think about that if they do not want to lose the taxes from the gambling owners. It will be better if they can regulate gambling and control it to benefit from the gambling industry because the gambling industry can develop more than now. Besides making gambling legal, the government should realize that by doing that, they can face new problems that can happen with their people such as addiction to gambling, losing their job or income because people will use more money to gamble and else. It needs more discussion to all people and institutions before they make gambling legal and solve the problem behind gambling. I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
It will be better if there are countries who will alot the taxes the gathered in a specific area to focus with if for transactions, school or in that organization etcetera so it will be seen used in good project. By legalizing gambling will open more jobs as well additional adoption to crypto. Brazilians may already playing gambling even it’s not yet legal so it will be a good news for them.I think most of the country, although it is illegal, there are still a lot of people playing gambling, as they are enjoying it and at the same time earning money. If legalization comes to pass, then I think there will be a spike in the number of gamblers that will be playing since some of them are just scared of the law. The effect of this will be that more investors will come into the country since there is a huge demand for gamblers. This also has a good effect on the economy as there are a lot of investors putting their money in the country.
I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
It will be better if there are countries who will alot the taxes the gathered in a specific area to focus with if for transactions, school or in that organization etcetera so it will be seen used in good project. By legalizing gambling will open more jobs as well additional adoption to crypto. Brazilians may already playing gambling even it’s not yet legal so it will be a good news for them. 
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What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.
Well I think --that is a wise and good decision.What do you guys think?
Shouldn't it be the sound decision??
Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country.
There are sometimes governments that will change their protocol and perhaps they saw the potential of taxing gambling businesses which are really helping to boost economic growth. Gambling industries can generate a huge profit and through this profit, it could be taxable, the more profit will come the more amount that the casinos will tax. I don't know much about how the government of Brazil did not realized this while earlier but good thing now they are awake for the potential one.
I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.
It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can. As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.
Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.
If they want to get some decent taxation from it, they just allow it yet prohibit and put sanction for those that won't register their casinos. Upon legalization, they're making the market open and these operators won't hide from them anymore. And likely, profit from these casinos might increase because they have the confidence due to the fact that they're registered and backed up by the government.
I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.
It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can. As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.
Because if they will not make it legal, gambling will exist underground and the government will have no share from this black market. So why not make it legal instead so government can get something out of it, right? Because gambling will always exist anyway. Also, the government can also help these gamblers run after the casino if in case they will have complaint about them.
The
And most of the time this is an issue with those leaders that want to hold some kind of moral high ground when what matters the most is how they can benefit the people they are governing despite whatever values and principles they may hold, it seems those people prefer to keep outdated ideas and let their citizens starve than to simply do what it is best for their people, and this is nothing new, as there have been some criticism against the current government as similar circumstances have presented themselves in the past and the interests of the people are always left last. Quote
R$100 billion fiscal deficit
is enough reason to legalize gambling and the 650,000 jobs to be created once they legalized gambling and the companies that will revolve around these casinos are very compelling, but unfortunately, its president and evangelical leaders are against it, although they have presented a way to overturn a veto this is still a long way to get an approval the debate should start so they can weigh the advantages and disadvantages, only the good of the Brazilian should be considered, it's a debate against morality and the survival of the economy.Jump to: