This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.
This has been the wishes of every gambling sites which are heavily taxed by the government, they want to spend the money that the government is collecting to market their gambling site because the competition in online gambling is very competitive.
It's also good for Japan they can attract more foreigners to play in the gambling sites located in their country, but I doubt if others will follow Japan's lead, not every country is like Japan but it can be done.
Its like every country has been considering gambling as a good source of income of the nation today to uplift the economy because of economic downfall due to covid 19. And yes this is what we are all longing right, that the world or each country may become considerate to the gambling world. Hopefully that each nation who still banned gambling in their respective country may also be gambling friendly if it is the only way to regain their economy again.
That is indeed what’s happening right now. Gambling industry has been taken more into account now than before as it is since as one of the sectors that could be of significant contributor to the economic recovery. And I think that the government and leaders now are more conscious and open to every possible movement that would help the nation surpass this ongoing crisis.
Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!
