Does implementing a tax on a gambling platform really help a country? - page 2.

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Quote from: xSkylarx on June 15, 2021, 01:01:08 AM

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

-Why it wouldnt help? Of course on where tax does play a great role when it comes to countries development.
-I do only see Pro's on where development and progress would be there but only if those taxes had been used on the right way and wouldnt be corrupted or stolen.
-Percentage will vary because not all government would be having the same jurisdiction when it comes to this.
-House might really be showing off some increase since they had been asked for more bigger taxes but for sure it wouldnt really be that noticeable at all.

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Quote from: Lanatsa on June 28, 2021, 06:31:30 PM

Quote from: tabas on June 28, 2021, 06:17:08 PM

Quote from: molsewid on June 27, 2021, 07:11:04 AM

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

This is all about tax and theres no such business would really be exempt on this one because we know on what are the usage and benefits of taxes if its really be applied or used on the right way.

Tax is the blood of the economy and its a crucial thing that the government would really be minding about on getting taxes not only limited to gambling business but other businesses as well.

For a country to progress then it would really be needing on the help of tax.

It is an important source of funding for a government to proceed with its project. And that's why there has been several countries that have been open with gambling, physically but they've banned the online casinos. There's a reason why they've done that and it's all up to your understanding why they did it. Taxation from casinos without a doubt really helps a country.

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Quote from: blackened515 on June 26, 2021, 04:58:20 AM

casinos should also be giving the privilege to operate without the government's interference.

I totally disagree with this.

Giving such privilege will also allow illegal gambling operators to operate freely. With these taxes, somehow it can minimize the growth of some illegal gambling as operators there need to pay tax which they don't like obviously.

Let alone tax be implemented to the casinos. The only problem here is the percentage of tax but it can be discussed and arranged properly in a plenary session.

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Quote from: tabas on June 28, 2021, 06:17:08 PM

Quote from: molsewid on June 27, 2021, 07:11:04 AM

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

This is all about tax and theres no such business would really be exempt on this one because we know on what are the usage and benefits of taxes if its really be applied or used on the right way.

Tax is the blood of the economy and its a crucial thing that the government would really be minding about on getting taxes not only limited to gambling business but other businesses as well.

For a country to progress then it would really be needing on the help of tax.

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Quote from: xSkylarx on June 15, 2021, 01:01:08 AM

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

If the Government would benefit transparently, I would agree that's good to tax gambling but not on the situation of over taxation. Sometimes, there's a unfair treatment for this certain business as they will impose some strict rules towards it, that's why the gambling operations will be forced to pay for bigger tax. Hopefully if this would come to an implementation, it would come to a fair taxation bracket in order that the equal opportunity will be given same with other business operations that paid legit taxes.

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Quote from: molsewid on June 27, 2021, 07:11:04 AM

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.

It does and that's why there are countries who have their focus on gambling like Macau. And in cryptocurrencies, it's undeniable that one of the reason of its adoption is through the gambling platforms.
The first to accept cryptocurrencies and it's all because of them and the taxation that they're paying on the country where they're based surely helps the economy.

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Quote from: Obito on June 15, 2021, 01:09:47 AM

Tax is the blood of the economy

Tax is the blood donation from the economy, ideally a government should not drain so much blood the economy dies. The best tax to levy would very low percentages in order to encourage all global gambling to want to reside in that country rather then the opposite which requires walls to be built to stop customers, business and trade fleeing from oppressive regimes which contribute nothing towards the operation of an otherwise stable business. Even if a government is not corrupt, by its nature government is an expense which is costing all residents where as all other trade must compete and be the best the government relies on guns to enforce its legitimacy is often the worst operation and value to any user.

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Quote from: CryptocurencyKing on June 25, 2021, 04:28:07 PM

To have an idea of how much percentage the government should tax the gambling platforms avail to there nation, you ought to have an idea of there annual earnings and this is one thing most organisations or establishments are never truthful on.

On the notion of if, taxing gambling platforms is actually beneficial to the nation and its citizen, I'll answer by saying,

Is the idea of taxation actually beneficial to a nation?

If the answer to this question is YES! Then taxing gambling platforms makes no difference. What should be the major concern is, if the tax levied on the platforms are fair. Once its fair then, its all good.

and this is why, some can afford to pay higher taxes because they are really earning good profits. about being truthful about their annual earnings, i guess it is also happening not only to the gambling industry. and this is the reason why there are corrupt officials because they can manipulate the financial books of the company they are assigned to and get the kickback of doing so.
and also, if the tax will be the reason of bankruptcy of a specific casino, i think, this casino can always arrange a discussion to the government and discuss that they can't afford to pay such high percentage of tax. they can always meet in the middle to have a win-win situation to both sides.

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Quote from: molsewid on June 27, 2021, 07:11:04 AM

Quote from: Oshosondy on June 26, 2021, 05:04:47 AM

In the country gambling is allowed, government will not interfere with anything, all the government ls are concerned about are taxes paid. Some country will need the gambling site to pay tax, there workers will also gain from the gambling site while they will also have to pay taxes, also some will require punters to also pay taxes, that is all what the governments are concerned about. There is nothing they will interfere with other than paying tax which will help to generate revenue.

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.

I don't know if the gambling industry in a country is banned, I don't think the gambling business will pay taxes because they are standing illegally. Because for them to comply with taxes, at least the gambling industry must be legalized first, because with the legality of a business, of course it will have to do with complying with taxes. So if gambling is illegal in the country then of course, they will not pay taxes because even the local government forbids gambling business.

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Quote from: Oshosondy on June 26, 2021, 05:04:47 AM

In the country gambling is allowed, government will not interfere with anything, all the government ls are concerned about are taxes paid. Some country will need the gambling site to pay tax, there workers will also gain from the gambling site while they will also have to pay taxes, also some will require punters to also pay taxes, that is all what the governments are concerned about. There is nothing they will interfere with other than paying tax which will help to generate revenue.

I believe that gambling businesses really help a lot to the economy of a certain nation because the tax that the said gambling institution is paying is what really matters. I mean that the government or the country will surely implement a gambling institution to pay tax in return for the legal operation of the said business and it was a requirement to pay tax. Nonetheless they would not legally operated or worst couldn't operate without the proper coordination with the government.

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Quote from: alegotardo on June 26, 2021, 07:57:02 AM

I disagre!

Do not disagree reality.

Quote from: alegotardo on June 26, 2021, 07:57:02 AM

The government also needs to be concerned and intervene in gambling to verify that the money entering it is not being used by criminals for money laundering.

The money can be traced from non gambling source to gambling account, or to anyone's account that is not gambling related, it is just that government should not be given praise specifically about this, it is a general thing in the society which is not only gambling related.

Quote from: alegotardo on June 26, 2021, 07:57:02 AM

It's also necessary to ensure that the population's economy is healthy and not being overspent in gambling, that can also lead the government to spend more on health care and financial aid for people who have fallen into gambling addiction.

Government do not care about this, there are many addicts now in prison, some committed suicides and so on of bad occurrences, but why the governments in such countries never banned the gambling sites? The government do not care about you.

Quote from: alegotardo on June 26, 2021, 07:57:02 AM

Anyway, like any busines, it isn't enough for the government to just collect taxes, it's necessary to look after its population and ensure that this business is more helpful than ruining a country.

No matter what, gambling will be more helpful for the governments while citizens are losing money to gambling, nobody cares, no government that allow gambling cares.

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Quote from: xSkylarx on June 15, 2021, 01:01:08 AM

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

It base on the countryside because for such a country to innate such implementation of tax, i think they generate their revenue through tax, because am aware that some countries dont joke with tax and whenever you set up a business you most pay a tax to government in order to legalize your platform, their is nothing wrong with such policy rather for the gambling industry to accept the condition knowing that its government of the country rules and regulations, because looking at it in another way a country A and country B will not have the same terms and conditions.

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Quote from: Oshosondy on June 26, 2021, 05:04:47 AM

In the country gambling is allowed, government will not interfere with anything, all the government ls are concerned about are taxes paid. Some country will need the gambling site to pay tax, there workers will also gain from the gambling site while they will also have to pay taxes, also some will require punters to also pay taxes, that is all what the governments are concerned about. There is nothing they will interfere with other than paying tax which will help to generate revenue.

I disagre!
The government also needs to be concerned and intervene in gambling to verify that the money entering it is not being used by criminals for money laundering.
It's also necessary to ensure that the population's economy is healthy and not being overspent in gambling, that can also lead the government to spend more on health care and financial aid for people who have fallen into gambling addiction.
Anyway, like any busines, it isn't enough for the government to just collect taxes, it's necessary to look after its population and ensure that this business is more helpful than ruining a country.

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Quote from: blackened515 on June 26, 2021, 04:58:20 AM

Quote from: michellee on June 15, 2021, 06:37:27 AM

Tax really important in one country becaus ite the country can get more money to develop the country. Suppose the casino can give a big tax to the government. In that case, they can allocate the money to the important sector and build the country better. But I do not know about the percentage amount that the government can apply because that will depend on the casino income. I do not think that the government will use a high tax for one casino because it will make it difficult to pay the tax.

Implementing tax on Casinos will certainly help the country because of the income,but it won't really be a good Idea by the government because there is no job in the country,casinos should also be giving the privilege to operate without the government's interference.As you said,payment of the tax will still be a hard nut to crack.

The casino will still give the privilege to operate by the government but they need to follow and obey the regulation, including paying the tax. As long as the casino can follow and obey, the government will have no problem closing their business and the government will protect the casino. The casino needs to be honest related to their income to the government to verify and give their review that the casino can give a deduction for their taxes.

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Quote from: blackened515 on June 26, 2021, 04:58:20 AM

Implementing tax on Casinos will certainly help the country because of the income,but it won't really be a good Idea by the government because there is no job in the country,casinos should also be giving the privilege to operate without the government's interference.As you said,payment of the tax will still be a hard nut to crack.

In the country gambling is allowed, government will not interfere with anything, all the government ls are concerned about are taxes paid. Some country will need the gambling site to pay tax, there workers will also gain from the gambling site while they will also have to pay taxes, also some will require punters to also pay taxes, that is all what the governments are concerned about. There is nothing they will interfere with other than paying tax which will help to generate revenue.

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Quote from: michellee on June 15, 2021, 06:37:27 AM

Tax really important in one country becaus ite the country can get more money to develop the country. Suppose the casino can give a big tax to the government. In that case, they can allocate the money to the important sector and build the country better. But I do not know about the percentage amount that the government can apply because that will depend on the casino income. I do not think that the government will use a high tax for one casino because it will make it difficult to pay the tax.

Implementing tax on Casinos will certainly help the country because of the income,but it won't really be a good Idea by the government because there is no job in the country,casinos should also be giving the privilege to operate without the government's interference.As you said,payment of the tax will still be a hard nut to crack.

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Quote from: Renampun on June 25, 2021, 04:27:09 PM

Quote from: Saisher on June 25, 2021, 06:48:38 AM

If they are not helping the economy of a country where they are operating, then it's no use giving them license and permission, gambling casinos taxes are a big help to any country's economy they pay big taxes and they employ a lot of people, although they have bad effects for people the huge revenues from the taxes are big advantages for any country, they have to ignore the disadvantages.

That's true, because after all the state has facilitated them by law, then taxes are a must that must be paid by gambling business owners...

Casinos that refuse to pay mandatory taxes are closed because of how much money they make every day, is paying a little tax impossible? the state needs tax money from them to be able to continue to manage the country.

To think that they arent only the business that had been asked out to pay something which means everything is fair and square on where you do really need to pay up as these things as part of obligation as a business and do comply with the regulation of said country.Everything would be taxed from small business to big business and there would be no exemption to that so whatever percentage had been set out by the government then as a business owner then you wont have any choice but to comply if you do like for your business to be still open.

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To have an idea of how much percentage the government should tax the gambling platforms avail to there nation, you ought to have an idea of there annual earnings and this is one thing most organisations or establishments are never truthful on.

On the notion of if, taxing gambling platforms is actually beneficial to the nation and its citizen, I'll answer by saying,

Is the idea of taxation actually beneficial to a nation?

If the answer to this question is YES! Then taxing gambling platforms makes no difference. What should be the major concern is, if the tax levied on the platforms are fair. Once its fair then, its all good.

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Quote from: Saisher on June 25, 2021, 06:48:38 AM

If they are not helping the economy of a country where they are operating, then it's no use giving them license and permission, gambling casinos taxes are a big help to any country's economy they pay big taxes and they employ a lot of people, although they have bad effects for people the huge revenues from the taxes are big advantages for any country, they have to ignore the disadvantages.

That's true, because after all the state has facilitated them by law, then taxes are a must that must be paid by gambling business owners...

Casinos that refuse to pay mandatory taxes are closed because of how much money they make every day, is paying a little tax impossible? the state needs tax money from them to be able to continue to manage the country.

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Quote from: xSkylarx on June 15, 2021, 01:01:08 AM

I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

One country can be helped, benefited by gambling taxes in a virtual world only if it is able to master this technology. The right tools, the secure and precise system allow country with the needed accuracy to collect the fair percentage of taxes whithout harming any pocket.

Which countries governments are able to absorb and implant this technology?

Sometimes Countries prefer to keep their citizens gambling in disorder to take advantage with corruption!

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