Japan becomes more friendly towards Gambling - page 4.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: fiulpro on December 07, 2020, 06:39:02 AM

- the citizens will still be taxed if their winnings exceed a certain amount

This one should be highlighted so people would be aware that taxation only applies if they won above the ground. Sometimes, people are scared trying gambling because they think they'll be taxed once they won any amount. A good law like this will make the entertainment industry be active thus will give them a benefit too. Especially now that people are more engaged in online activities, not far from trying online gambling.

Quote from: fiulpro on December 07, 2020, 06:39:02 AM

Share your thoughts?? Would things like this benefit other countries too?

Every country has its different perspective over something, it this goes good then why not other countries follow it?

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I kinda thought that Japan is gambling-friendly on the get-go due to Tokyo’s large gambling houses and whatnot. Either way, this gives a wider market for people who want to waste their money and to have a good time at the same time. The government would have to get some more taxes from the gambling economy and thus open up more projects that could help the general economy going. Overall, a good decision on a larger picture, albeit somewhat hard on the gamblers and gambling houses alike.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

A good policy indeed but the benefits of it might not be seen right away as currently, it's no doubt that travelling within countries isn't a priority by most people. And aside from that, casinos in Japan is not fully operating on their usual.

As per the report, there are foreigners that got stuck in Japan when the lockdown was imposed. If some of those are gamblers, then they will enjoy that policy.

But moving forward, looking at long-term views, it's a big deal for their future visitors especially those who are eyeing to experience gambling environment in Japan (part of the visitors itinerary).

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

Quote from: fiulpro on December 07, 2020, 06:39:02 AM

According to the recent reports Japan after realizing how the taxation on IR's can fail to attract foreign players removed the taxation on the gambling winnings in IRs. Now people can enjoy a more gambling friendly environment **particularly the foreigners**.
The government is working towards building the policies according to the international standards.
- full reforms will be announced on 10 December
- the citizens will still be taxed if their winnings exceed a certain amount

I do believe that this is a very positive thing, it will attract more people for sure and can even aid in post covid recovery.

https://www.gamblinginsider.com/news/10577/japans-irs-wont-tax-winnings-of-foreign-visitors

Share your thoughts?? Would things like this benefit other countries too?

I am not sure if it has a really economic impact by the end. Foreign visitors can really make the difference or it's just an apologize to give a more soft law to the whole population? I
am not sure this can give an impact for other countries, since these kind of regulations are mostly adapted to a specific nation/previous laws.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: chaser15 on December 07, 2020, 01:53:33 PM

Don't know the status of Japan but are they welcoming tourist now on their country or allowing foreign visits in big numbers? If yes, then they can feel the advantage of that new casino policy. If no, they have to wait at least a year.

On the other hand, Japanese residents would still be taxed if the winnings exceed a certain amount. Should be modified too in the future as some foreigners aren't considering to travel yet because of the pandemic.

For now on this pandemic situation then its hard to believe that there would be foreigners that would flew to Japan for the sake of gambling out there
we know the risk of this current situation we are into.For their citizens then its no surprise that government will really be putting or setting up taxation
when they do hit up a certain limit which isnt a surprising step for govt as long we do talk about tax then expect on what would be the basic
and default rules on this one.Adding or considering gambling is a good news for those who do love to gamble but of course it will
really be following those typical terms.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Don't know the status of Japan but are they welcoming tourist now on their country or allowing foreign visits in big numbers? If yes, then they can feel the advantage of that new casino policy. If no, they have to wait at least a year.

On the other hand, Japanese residents would still be taxed if the winnings exceed a certain amount. Should be modified too in the future as some foreigners aren't considering to travel yet because of the pandemic.

Noctis Connor

hero member

Activity: 1008

Merit: 540

Well japan are prohibited in any gambling activities but everything can be change when your country wants more taxes from people , this is a good idea to grow their economy back after the pandemic happened , it would help to their economy with tourist and others for them and start collecting taxes to rebuild what covid done its damage. It is not surprize since It is japan they can do everything they want as long as it is good in their country. And hoping that they will start accepting bitcoin too.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: onrise on December 07, 2020, 12:31:55 PM

Quote from: bunglor on December 07, 2020, 10:58:21 AM

yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.

Considering the legalization, government will benefit from the taxes that they will collect, knowing that from this situation while the
pandemic still at large, every possible ways to collect funds will considered.

In the business side, there are people around this country who's involved in gambling so instead of doing it illegally, legalizing it will
bring more money for the government while battling with this virus.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: fiulpro on December 07, 2020, 06:39:02 AM

Share your thoughts?? Would things like this benefit other countries too?

Its no surprise that there would be such changes even though they have prohibit gambling and now they do go to the opposite way.

If they do saw that theres benefit or one of the best way to had on this pandemic in terms of revenues or tax then for sure theres no doubt
that they would see the advantage.

So if they do open then that's a good news not only for outside players but also into its citizens who do want to play gambling.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: onrise on December 07, 2020, 12:31:55 PM

Quote from: bunglor on December 07, 2020, 10:58:21 AM

yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.

^ It can definitely bring good to any country if they will also follow on what Japan is about to do, for it will attract more gamblers to play in their country as it can still generate higher revenue instead of the opposite due to the taxation that was initially implemented for foreign players. This action of the Japanese government is really beneficial in terms of tax revenue especially during this time where every country is still at the point of recovery from the injury caused by the pandemic. Nevertheless, withal on this reform can be negative that more people whether their citizens or not could be addicted to gambling, for such Japanese government should still need another regulation that would secure healthy habit as well as fair treatment to every player and must be implemented strictly.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: bunglor on December 07, 2020, 10:58:21 AM

yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

This is good decision considering the tourists and also from revenue perspective. As from gambling they would be collecting money via taxes and this would just help the economy to grow and post pandemic each government requires money now. Also, if people play in limits or just as a source to entertain it is a good thing just to have some fun time while gambling. Also making it legal will just help to get revenues rather than those who were gambling it illegally and were not even getting any revenues for it.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Aside from the fact that these policies will increase tourism in the country, it can also bring good to the Japanese government for the tax reform will surely generate an increase in their revenue once implemented especially this time of the pandemic, and I am pretty sure that there will be no government who will do such movement if they will be the one who will still suffer in the end.

Although in general, it can bring positive impact however there could still be a gloomy side on this, such as the government should also implement some regulations which will make their citizens not get addicted to gambling and even protection for players both for local citizen and tourist.

If every country will do the same definitely it will bring an advantage to their economy but they also need to be cautious in the effects once they also do what the Japanese are about to.

Maus0728

legendary

Activity: 1904

Merit: 1563

Quote from: avikz on December 07, 2020, 06:48:29 AM

It's more of a trick to attract foreign travelers into the gambling industry within Japan.

That's actually quite the thing here. Japan became more friendly not towards Gambling, but towards Foreign Gamblers. But as we all know, Japan's culture doesn't fully limits nor prohibits gambling, as even many gambling games originates from the country such as Sugo-roku, Pachinko, and Takarakuji lottery. Also, pointing the fact that their government do also taking actions on slowly revising their Criminal Codes that prohibits certain games such as Mahjong and gambling companies always complies with levels of certifications to run a gambling house, Japan's gambling market is still one of the Japan's tourists attractions.

But honestly, their movement in taxing citizens than tourists is just a pro-tourist movement. Why? Because they all know that their people gets addicted in gambling, so they'd rather implement a controlling law to them than to be fair on every gamblers -- both foreign and local, that plays within Japan. Therefore, I don't think of this as a good idea in their local gambling. You, would you like to be taxed just because of playing games? Well I personally not. Cheesy

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: ice098 on December 07, 2020, 11:12:34 AM

In each country, gambling is always there, from small-time lottery to casinos, each of them only differs in the amount of taxes, if foreigners are allowed to play and many more, it just happens that Japan has become more open to it now and many opportunities will be open, it can create more job to a country that can help their economy by using their taxes, but I think, it cannot really affects other country, like us every country has their perspective , has their own decision and their own plan towards gambling, they can be as open as Japan or "friendly" or maybe they cannot.

If I will be asked, I think they are friendly towards gambling since then because based on what I have observed, one of the favorite past time of the Japanese people in Japan is playing gambling games aside from drinking beer, sing along in the bars and hanging out with their friends. Playing gambling is okay for as long as you are not yet an addict.

ice098

hero member

Activity: 1498

Merit: 586

In each country, gambling is always there, from small-time lottery to casinos, each of them only differs in the amount of taxes, if foreigners are allowed to play and many more, it just happens that Japan has become more open to it now and many opportunities will be open, it can create more job to a country that can help their economy by using their taxes, but I think, it cannot really affects other country, like us every country has their perspective , has their own decision and their own plan towards gambling, they can be as open as Japan or "friendly" or maybe they cannot.

sunsilk

hero member

Activity: 3038

Merit: 634

I've watched a day in the life of a casino operator in Japan. And I see that there really are a lot of Japanese gamblers but if that means that they're "more" friendly this time. Those reforms might be favorable to them.

It may not be seen from another perspective but I think that it's also part of their culture to spend a day or a lot of time in a casino. But that's for the physical casinos, I don't know about online casinos if they're also friendly.

bunglor

full member

Activity: 648

Merit: 114

yes gambling is one of the best way to get some fund to the community to grow and maybe to help the economy this pandemic. i think i read before from different countries about legality of gambling to their country or maybe about regulating the online gambling.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

This is good for their economy the intent really is to attract foreign players, this could boost the gambling businesses running in their country at the same time the government will be much beneficial from this implementation. This government move could also attract more investors to put up casinos in japan.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: Fundamentals Of on December 07, 2020, 07:23:30 AM

There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.

They probably already think of it before implementing it, gambling may already happening in Japan though not that big and loud but and seems contralable so they are confident that they will be able to handle it when they allows it legally. Japan is good in implementing rules and their people is quite disciplined enough, hopefully they will not be exposed in alot oglf gambling problems.

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Gambling is just in contrast with societal norms. But governments will make a way in order to make use of something which cannot be stopped or totally controlled. In my country, there's this sin tax to regulate those things. This is applicable to vices such as cigarettes, alcoholic beverages and gambling. Once something is regulated, tax will be imposed in order for such activity to be allowed. So that's more likely what happened to gambling industry in Japan. The question should now be concerned on the rate of tax to be imposed in this activity whether it would be too high for the gamblers or just fair enough for this activity to continue.

Topic: Japan becomes more friendly towards Gambling - page 4. (Read 906 times)