I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
Putting tax in every businesses like in gambling casinos might it be online or not is a sign of being fair in law as it is considered as business. It can be small but it shows fairness for everyone plus the government can act if there are reports when something happens in such casino. Though it may be a small or big amount it will truly can help if the government alloted it well in some projects and not just in corrupt politicians. The problem now is not if the tax help its how the authority will use the tax. 
Topic: Does implementing a tax on a gambling platform really help a country? - page 6. (Read 1321 times)
June 21, 2021, 02:31:09 PM
June 21, 2021, 01:04:59 PM
Anything that is getting money in the pockets of the government is apparently considered good for the country even if we have no idea how this money is getting used up.
Well for the starters, any business have taxes and therefore if we are talking about the gambling one for the big terms it's very understood that we are going to see government implementing taxes. But let's talk about what is not right :
" Implementing heavy taxes!! "
10-20% is honestly a big deal and it can for sure cause probelms for the people who are engaged in this business and also the small individuals who just started out. At the same time it's not an easy task to get it going so the initial cost is ofcourse going to be big , which can discourage some people from going towards it.
It's a necessary evil !
The gambling companies have to stay in business and at the same time it will only work if the government is somehow getting benefited.
Well for the starters, any business have taxes and therefore if we are talking about the gambling one for the big terms it's very understood that we are going to see government implementing taxes. But let's talk about what is not right :
" Implementing heavy taxes!! "
10-20% is honestly a big deal and it can for sure cause probelms for the people who are engaged in this business and also the small individuals who just started out. At the same time it's not an easy task to get it going so the initial cost is ofcourse going to be big , which can discourage some people from going towards it.
It's a necessary evil !
The gambling companies have to stay in business and at the same time it will only work if the government is somehow getting benefited.
June 21, 2021, 11:59:03 AM
Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.
I agree.
However, playing outside the country would be hard especially if you're not a citizen on whichever country you'll go that doesn't have any tax in gambling. But it won't be a problem I guess if you're a popular person or a person that has many connections, but if you're just a normal man evading the tax in gambling in your country by playing abroad, it doesn't worth in my perspective.
It seems to me the opposite is true. If you are an ordinary person and do not play for large sums, then you will always find an option where you can play without KYC and without taxes. But if you are a famous person and play for large sums, then it is more difficult because the risk is great - in many countries tax evasion is a criminal offense, plus a famous person risks his reputation.
June 21, 2021, 10:05:34 AM
I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.
I agree.
However, playing outside the country would be hard especially if you're not a citizen on whichever country you'll go that doesn't have any tax in gambling. But it won't be a problem I guess if you're a popular person or a person that has many connections, but if you're just a normal man evading the tax in gambling in your country by playing abroad, it doesn't worth in my perspective.
June 21, 2021, 06:08:13 AM
I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
June 21, 2021, 08:41:58 AM
Yes, it's a sure thing that those will go with that said allocation. But as I've said too, if a country has already a good road and has perfect infrastructures, they won't just put it to that allocation. The government will put that through another sector that has been lack of funds and that's what I'm saying. As long as it's beneficial for the citizens of that country then that's where it's going to go. You enjoy to gamble, the casino gets taxed and they contribute to the service that the government is giving to its people freely.
June 21, 2021, 07:45:53 AM
I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.
Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
The tax will be for building anything necessary for our country. The government already knows the tax allocation because they already have a master plan of what they will do with the tax. But if we talk about corruption, I am not sure that all officers can prevent corruption because it is happening in many countries. But there will be an officer who will stay away from corruption because they know that will break their integrity to take care of the taxes.Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
June 21, 2021, 07:25:45 AM
I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
Nevertheless, the gambler understands that a million with a 20% tax looks much less attractive than a million without tax, right? Therefore, he will try to evade potential tax payments and play outside the jurisdiction of his country, thus the country loses any tax deductions from him at all.
June 21, 2021, 04:48:26 AM
There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part.
I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public. Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
June 21, 2021, 04:39:04 AM
I am not following this anymore, are there any dex casinos?
I think that there's still some in existence but it's hard to know if they really are actual dex casinos because that's what they're trying to say and describe themselves.But if you look at their operations, you'll say that it's not a decentralized casino.
In my very own opinion, implementing a tax on any gambling platform will really help a certain country because they will be able to pay taxes, and to that reason, the economy of a certain country will really boost up and due to this happening that gambling platforms will implement to pay taxes every quarter of the year the money that will get from the taxes will be able to help to build a bridge, roads and etc.
But does the economy will really increase? or only the gambling operator and the politicians will benefits from this>? because the more the people lose is the more the economy down fall. hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 21, 2021, 01:52:11 AM
I'm not good about how the tax will go but I guess the allocation is most will come to us, just like building infrastructure, widening of road and repair and also our health and of course our public employees, such as teacher, soldier or any public worker that under by the public.
Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
The tax will be for building anything necessary for our country. The government already knows the tax allocation because they already have a master plan of what they will do with the tax. But if we talk about corruption, I am not sure that all officers can prevent corruption because it is happening in many countries. But there will be an officer who will stay away from corruption because they know that will break their integrity to take care of the taxes. Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
June 20, 2021, 06:00:02 PM
In my very own opinion, implementing a tax on any gambling platform will really help a certain country because they will be able to pay taxes, and to that reason, the economy of a certain country will really boost up and due to this happening that gambling platforms will implement to pay taxes every quarter of the year the money that will get from the taxes will be able to help to build a bridge, roads and etc.
There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part.Gambling taxes was a huge help to the economy and it can be bost the growth of the economy, if your government is not corrupt, for sure there's a good innovation of your economy and the tax that collected from gambling is worth it.
June 20, 2021, 05:46:25 PM
In my very own opinion, implementing a tax on any gambling platform will really help a certain country because they will be able to pay taxes, and to that reason, the economy of a certain country will really boost up and due to this happening that gambling platforms will implement to pay taxes every quarter of the year the money that will get from the taxes will be able to help to build a bridge, roads and etc.
There will be a certain place as these taxes go. You're right and those are some examples where it shall go for developing countries but for most countries that have already a good infrastructure, there's another sector for which this taxation goes and those are like their health care system and other important benefits that their citizens are going to have. Huge taxes from casinos are also going back to the citizens that they can use if they needed to. The casinos understand that they're not spared from taxation because they can earn sums of money from this industry and the government is also taking a part. 
June 20, 2021, 03:45:56 PM
What are the pros and cons of it?
I think the advantage of having higher taxes on gambling is that it detaches people from gambling and forces them to do something more constructive because although as fun as gambling might be, it is not a constructive way of spending time and time.The only disadvantage of having higher taxes is that people might want to use illegal means of gambling since they want to avoid these taxes.
What should be the proper tax percentage for you that they should impose.
There is no pre-determined number in my mind but it should be small enough to keep the players away from illegal gambling sites and big enough to make sure gamblers feel bad about paying it and feel negative when gambling.Will this be a bad thing for gamblers?
Yes, because they have to overcome the house and later pay tax if they win but in the long term it isn't a bad thing for gamblers because the intention behind taxes is to create disinterest towards gambling. 
June 20, 2021, 03:43:38 PM
Implementing taxes on gambling is good as long as the money collected from the taxes goes towards the right work. I mean taxes are the reason behind roads, schools, etc and basically the whole economy revolves around taxes. Sometimes the taxes are collected but not used for the right work instead some corrupt individuals will use it for their own good which is where the taxes are not worth it.
Gambling is a means of entertainment and people should have no problem paying a small tax if they earned something while having fun at gambling but the problem is that most of the times money collected from taxes go towards individuals rather than the economy which is why a lot of people want to evade taxes.
Gambling is a means of entertainment and people should have no problem paying a small tax if they earned something while having fun at gambling but the problem is that most of the times money collected from taxes go towards individuals rather than the economy which is why a lot of people want to evade taxes.
June 20, 2021, 02:22:02 PM
I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos. The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos. Because in a pandemic situation like now, online casino users are higher than people who play in physical casinos. Therefore my prediction in the future all online casinos will apply KYC, because surely the government is aware of the great opportunities that can be obtained if imposing taxes on online casinos.
Well, people can always gamble online but they can be easily caught too because everyone has their unique IP addresses noted when they visit a website and the local authorities can anytime track IP addresses to corner such gamblers. Banning online gambling is sometimes important because there is almost no way to verify the loss and profit stats of the players and hence the government loses control over their citizens.Online gambling with crypto is even more anonymous and hence a lot of countries are getting strict towards such platforms because you can make different accounts and play leaving behind no way to count your wager.
People sometimes forget that taxes taken are going to contribute towards the nation's growth and worth paying it, but I am against insane taxes which some countries have imposed on gambling winnings.
June 20, 2021, 12:37:37 PM
In my very own opinion, implementing a tax on any gambling platform will really help a certain country because they will be able to pay taxes, and to that reason, the economy of a certain country will really boost up and due to this happening that gambling platforms will implement to pay taxes every quarter of the year the money that will get from the taxes will be able to help to build a bridge, roads and etc.
June 20, 2021, 04:23:13 AM
Tax implementation on gambling platform are mostly done by majority of developed countries which are means to track down online enterprises in making sure that due obligations are enforced.
Developing and less developed countries has no time or system to track down online business enterprises maybe because of their less exposure and corruption in the taxing system.
And that's why most of the developing countries are easy to impose ban on online casinos because they're more focused on the physical casinos so that the taxation are for real and easy for them to collect.Developing and less developed countries has no time or system to track down online business enterprises maybe because of their less exposure and corruption in the taxing system.
Unlike the online casinos, they can just fly everywhere they can and cannot be caught by the authorities if they evade taxes.
I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens
can still access online casinos. The best step is that online casinos must be regulated by the government, so that the government can get tax
revenue from online casinos. Because in a pandemic situation like now, online casino users are higher than people who play in physical casinos.
Therefore my prediction in the future all online casinos will apply KYC, because surely the government is aware of the great opportunities that
can be obtained if imposing taxes on online casinos.
Some countries do that because they want to strengthen their local casinos so that there won't be any exploitation that shall happen online and most taxes will come from the local casinos because some online casinos don't pay for it.
June 19, 2021, 05:36:08 AM
I think the government banned online casinos is not a good thing to do, because still countries that have banned online casinos, their citizens can still access online casinos.
It really depend on which country the ban is enforced. For a country where the majority of the population is Muslim, the ban will be welcomed by all circle, although some people can still access gambling site.The best step is that online casinos must be regulated by the government, so that the government can get tax revenue from online casinos.
For a non-Muslim majority country, it is still possible for the government to regulate casino instead of having to ban them and impose taxes. Unfortunately all Muslim countries will not legalize gambling and receive taxes from gambling because it will cause a reaction of rejection from the population.So far I agree that taxes can help the government get more money that might be useful for economic recovery and other infrastructure during the pandemic.
June 19, 2021, 05:12:05 AM
Any tax that the government will receive is considered as income, hence it will help in the financial aspect.
However, a country cannot just accept gambling operators and give them license without proper control, they should also look at the effect of the people within a country if overall it will not give a positive effect like it will increase the gambling addiction or the crime due to gambling, then there's no reason to be more aggressive in issuing a license, everything should be foreseen so risk could be managed.
The Philippines have POGO, these are gambling operators that are foreigners and cater only foreigners, so this way it will not make people addicted but the people will benefit from taxes through the government.
However, a country cannot just accept gambling operators and give them license without proper control, they should also look at the effect of the people within a country if overall it will not give a positive effect like it will increase the gambling addiction or the crime due to gambling, then there's no reason to be more aggressive in issuing a license, everything should be foreseen so risk could be managed.
The Philippines have POGO, these are gambling operators that are foreigners and cater only foreigners, so this way it will not make people addicted but the people will benefit from taxes through the government.
This is an interesting approach to taxing gambling, but I don't fully understand how it works. Firstly, how can they tax foreigners? As far as I know, foreigners should pay taxes in their own countries, no? Secondly, although Philippine Offshore Gaming Operators are are targeting foreign customers, Chinese mainly, and their websites are blocked in Philippines, how this blocking thing is effective in reality?
Jump to: