Never be afraid to say that almost all state officials are corrupt officials. Only a few of them are clean of illicit money from corruption and bribery because that is a fact of many countries today. We never know the actual amount of tax revenue from various source because they only announce the total amount without transparency. However, I only think positively that the tax will reduce the burden on the state and also help increase state treasury income.
You are right, I think so even my country has actually formed an anti-corruption agency. For countries that legalize gambling and collect taxes from these activities, this will be detrimental. Although the nominal may be small, but if it is accumulated it will be big. I think all countries announce the same globally, they will need a lot of pages if it is made very detailed.
Topic: Does implementing a tax on a gambling platform really help a country? - page 9. (Read 1323 times)
June 16, 2021, 11:26:16 AM
June 16, 2021, 07:42:01 AM
When it comes to online crypto casinos, taxes are a detriment because they can be factored in for different asset values, and there is no generally accepted regulation... I think this is bad for gamblers...
As for regular casinos, of course taxes are normal, as for any kind of business...
As for regular casinos, of course taxes are normal, as for any kind of business...
June 16, 2021, 07:31:10 AM
Never be afraid to say that almost all state officials are corrupt officials. Only a few of them are clean of illicit money from corruption and bribery because that is a fact of many countries today. We never know the actual amount of tax revenue from various source because they only announce the total amount without transparency. However, I only think positively that the tax will reduce the burden on the state and also help increase state treasury income.
You are right, I think so even my country has actually formed an anti-corruption agency. For countries that legalize gambling and collect taxes from these activities, this will be detrimental. Although the nominal may be small, but if it is accumulated it will be big. I think all countries announce the same globally, they will need a lot of pages if it is made very detailed. June 16, 2021, 06:49:40 AM
Tax is being use in public management, it keeps the economy circulating, without it, Government alone can't make anything for its country. Here in our country;
Source
With this percentage of tax, it will slowly but surely (hopefully) will heal Philippines economy in this time of pandemic. Taxes could be a great help also to give citizens relief goods to help them to survive this pandemic. There's so much help of taxes, and taxes that casinos pays to the Government is the largest, if I'm not mistaken.
Source
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Under a senate bill, which Roque said Duterte designated as “urgent,” offshore gaming operators must pay 5% tax on their gross gaming revenue, according to Senator Pia Cayetano, the measure's sponsor. It will also require foreigners employed in online casinos and their service providers to pay 25% income tax.
With this percentage of tax, it will slowly but surely (hopefully) will heal Philippines economy in this time of pandemic. Taxes could be a great help also to give citizens relief goods to help them to survive this pandemic. There's so much help of taxes, and taxes that casinos pays to the Government is the largest, if I'm not mistaken.
June 16, 2021, 06:33:26 AM
Imposing taxes on online and offline gambling will certainly have a good impact on the country's finances, because taxes will certainly increase state income which of course has no bad impact from it. Gambling is entertainment for some people and not about obligatory activities so yes, applying taxes will not be a problem because after all, with taxes a country can develop better and there should be no problem about it.
June 16, 2021, 06:23:12 AM
Tax is one of the if not the most important thing in a country. Without it, there will be no developments in the country as a whole. No new roads, no new buildings, no infrastructures.
Implementing tax on a gambling platform or in this case, a casino will boost the economy as the government will get tax from their revenues. This is also the main reason why most of the countries are allowing casinos to be built on it because they will get huge taxes on it.
The sad thing in most of the countries is that, the government is getting a portion of the total tax of the countrymen and will be divided towards them for their personal uses. I don't want to use the word "all" since I believe that there are still good governments and uncorrupted governments but most of them are just greedy as f*ck.
Implementing tax on a gambling platform or in this case, a casino will boost the economy as the government will get tax from their revenues. This is also the main reason why most of the countries are allowing casinos to be built on it because they will get huge taxes on it.
The sad thing in most of the countries is that, the government is getting a portion of the total tax of the countrymen and will be divided towards them for their personal uses. I don't want to use the word "all" since I believe that there are still good governments and uncorrupted governments but most of them are just greedy as f*ck.
June 16, 2021, 06:17:02 AM
The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
Never be afraid to say that almost all state officials are corrupt officials. Only a few of them are clean of illicit money from corruption and bribery because that is a fact of many countries today. We never know the actual amount of tax revenue from various source because they only announce the total amount without transparency. However, I only think positively that the tax will reduce the burden on the state and also help increase state treasury income. June 16, 2021, 06:13:21 AM
I don't like the idea of a tax on profit that you made with gambling or betting. I know of course that the income of taxes is the engine that keeps countries running and enables investments into the infrastructure and so on. My problem with the gambling tax is, that the money that gamblers use for gambling was already taxed because, at least in most cases, they got that money from their job, which means they already paid wage tax for that. Now they risk this money for gambling because it's their hobby and for the case that they are successful and make some profit with it they have to pay taxes on that profits again. That kind of double taxation just sounds not fair to me.
I strongly disagree with you. Usually a tax would also count for your winnings. E.g. you go into the casino with 100 USD. You leave it with 110 USD. So you will have to pay a tax just for the 10 USD in winnings. Your argument is as a consequnce quite bad, because there in no double-tax-evnt in this case.It's ok that we have different opinions
. June 16, 2021, 05:34:33 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...
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...
I don't like the idea of a tax on profit that you made with gambling or betting. I know of course that the income of taxes is the engine that keeps countries running and enables investments into the infrastructure and so on. My problem with the gambling tax is, that the money that gamblers use for gambling was already taxed because, at least in most cases, they got that money from their job, which means they already paid wage tax for that. Now they risk this money for gambling because it's their hobby and for the case that they are successful and make some profit with it they have to pay taxes on that profits again. That kind of double taxation just sounds not fair to me.
June 16, 2021, 04:46:24 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...
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...
I don't like the idea of a tax on profit that you made with gambling or betting. I know of course that the income of taxes is the engine that keeps countries running and enables investments into the infrastructure and so on. My problem with the gambling tax is, that the money that gamblers use for gambling was already taxed because, at least in most cases, they got that money from their job, which means they already paid wage tax for that. Now they risk this money for gambling because it's their hobby and for the case that they are successful and make some profit with it they have to pay taxes on that profits again. That kind of double taxation just sounds not fair to me.
June 16, 2021, 04:26:24 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...
Tax is the only big source of revenue for the government and they need to collect it for gdp and economic as well as infrastructure development of the country ranking it up in list of top countries.Tax evasion and corruption are the main factors which hinder the countries growth.But if government impose taxes on casinos then they should allow them to legally operate also and have proper tax structure for them say fixed percentage not under Capital gains for players also.Taxes eventually reduces your income or profit and they should be utilised in most efficient manner.So if it is used properly and not too much high then it will create s equilibrium situation for every gambler. 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...
June 16, 2021, 03:56:52 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...
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...
In terms of Economic growth Tax is really needed for the country to grow money from the people will be used to build infrastructures, provide financial needs on Non-governmental organization, and provide financial needs on every aspect of project the government wants to establish in building a great country, but if the country will be corrupt then tax would surely be wasted,
So in terms if the government would want to inflict a larger tax on gambling I think it will be OK, and in a situation that we have now it will be a great help.
June 16, 2021, 03:09:41 AM
The gambling business is currently one of the interesting things used to overcome the problems of a country's global economy.
because the casino or house has a very large income, the taxes that must be paid to the government are also very large and really help the country's economy.
and countries that legalize gambling, firmly believe that this business can improve the country's economy because it is never empty of visitors and a place where people spend money.
because the casino or house has a very large income, the taxes that must be paid to the government are also very large and really help the country's economy.
and countries that legalize gambling, firmly believe that this business can improve the country's economy because it is never empty of visitors and a place where people spend money.
June 16, 2021, 02:22:09 AM
Tax is the blood of the economy, they make the public roads, the public schools, the public and government hospitals. Pros of taxing a gambling platform is that the government is able to get a really big tax since gambling houses earn a lot of money and close to zero losses in a day sometimes. Cons is that if the government is comprised of corrupt officials then the taxes will be for nothing.
Well said. Tax is really necessary to help build a better country and I think businesses like gambling casinos who are earning huge through their business has a responsibility to pay tax. It was like giving back for what they had, actually not only the businesses but every citizen who are earning above minimum are mandated to do so.The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
June 16, 2021, 01:46:39 AM
If we talk about tax, it will be one part of the country that will help the country grow and build facilities.
That is the pros of implementing the tax in all business and gambling as one of the income sources for the country contributing to growing the country's economy.
The cons are taxes sometimes too big than usual because the government needs more income to continue developing.
The percentage of the tax can be 10%-20% but that will depend on the government itself.
The people or gamblers should pay the taxes because they can make sure their country can develop and have more facilities. The result will be back to the people themselves.
That is the pros of implementing the tax in all business and gambling as one of the income sources for the country contributing to growing the country's economy.
The cons are taxes sometimes too big than usual because the government needs more income to continue developing.
The percentage of the tax can be 10%-20% but that will depend on the government itself.
The people or gamblers should pay the taxes because they can make sure their country can develop and have more facilities. The result will be back to the people themselves.
June 15, 2021, 09:47:15 PM
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.
actually some countries had already implemented on this ..and now there are others that considering that instance .
Quote
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
Help in what way? does the tax will really impact the economy?Quote
- 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?
the answer imply by one , and that is will give bad thing to the gamblers .- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Quote
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
There is no impossible for the government to what may imply . and surely if this will be on top then it will happen then. 
June 15, 2021, 08:25:47 PM
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
Of course, it does. The country needs money. The primary way for any state to acquire money is through taxation. Gambling platforms are just one source of tax revenue for the country. And I don't think they should be exempted.
As a matter of fact, if I were to decide, gambling platforms should be paying more taxes than other businesses. It is because gambling is a luxury. It is never a necessity to anybody. If the state is imposing taxes on the most basic of needs of its citizens, there is no reason why it shouldn't do the same, even more, to gambling.
Finally, gambling platforms are money machines. They are like wishing wells where people throw money into. They have a lot of money. They should pay up.
June 15, 2021, 06:30:39 PM
Yes, it does. Anything that involves the taxing of an establishment or a specific activity generally helps the country as it serves as the revenue for the expenditure of a country.
Like what some have already mentioned in this thread, tax contributes immensely to the economy as it enables the government to pursue their economic activity through the revenue garnered from the tax. Without any tax gathered, this would limit the expenditure and creation of projects by the government that could improve the lives of the country. But, there are requisites to the taxing power as it must be fair and equitable in order to prevent any chaos and abuse from the government.
Of course, this is the ideal concept of tax considering that the government fulfills so their duty to its citizens.
"The power to tax involves the power to destroy.."
- Justice John Marshall
Like what some have already mentioned in this thread, tax contributes immensely to the economy as it enables the government to pursue their economic activity through the revenue garnered from the tax. Without any tax gathered, this would limit the expenditure and creation of projects by the government that could improve the lives of the country. But, there are requisites to the taxing power as it must be fair and equitable in order to prevent any chaos and abuse from the government.
Of course, this is the ideal concept of tax considering that the government fulfills so their duty to its citizens.
"The power to tax involves the power to destroy.."
- Justice John Marshall
June 15, 2021, 05:58:30 PM
- What are the pros and cons of it?
Simply, I am sure that if gambling in the country is legal, they will need taxes to pay.The pros are about the cou8ntry can have more income from taxes and this may be good for the country and its society,
While the cons, it may really make some gamblers being pressed with they need to pay high fees.
What should be the proper tax percentage for you that they should impose.
It will vary on what country and also platforms. Some countries have determined the tax based on the average income and also its taxes. However, some countries also have very high taxes for gambling that can make many people not to gambling anymore. ut, of course, some big companies will continue it because the gambling business is very worth it. Will this be a bad thing for gamblers?
It will depend on the gambler itself, if he feels safe with the taxes, it is no problme. But once more, the high cost of gambling will make the gamblers themselves feel depressed. 
June 15, 2021, 05:36:30 PM
Taxation wont be existing if it wasn't really relevant nor useless at all and to think that on where the government would get some funds for countries development
then it would really be main in tax.
Its just common sense that tax is really needed and mentioned to be the blood of the economy and without this then it would be all a non developing one.
10-20% tax for gambling business is already considerable though and also there are countries which do ask out even more but we cant do something about it if
their government do really ask or require out.
then it would really be main in tax.
Its just common sense that tax is really needed and mentioned to be the blood of the economy and without this then it would be all a non developing one.
10-20% tax for gambling business is already considerable though and also there are countries which do ask out even more but we cant do something about it if
their government do really ask or require out.
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