Topic: Nigerian Government plans to begin taxing gambling. (Read 2256 times)

That's ridiculous to tax on gambling, unlike the win and loss of the bet. This is why people look for loopholes and get into gambling activities. Already the country is economically down, and once again this makes the people suffer. There are rich ones, but the gap between the rich and poor is very big. This need gets narrowed, but the government is much into filling its own pockets. Almost every country has a similar problem. In my country, gambling is restricted, but they've begun to enter the market in terms of small flash games, which also have the same precautionary statement at the end of the advertisement stating this can turn out to be addictive and cause financial problems. Be responsible and play. Governments need to make proper studies and make decisions on these kinds of issues. Will this tax money be spent on building rehabilitation or other things that help people come out of gambling?

The gov is your partner only in good times, as long as the operation makes a profit, you pay taxes, if it makes a loss, you pay taxes too, when a true partner shares profits, divides losses and pays the expenses of a business.

This is very similar to the gambling regulations that they want to implement in brazil, where you will pay taxes on the profits from your bets at a percentage of 15% (last time I saw), regardless of whether you are in profit or loss.

The best thing to do is to use casinos that are not from these countries or that aren't regulated in countries that restrict or regulate the gambling market too much.

Likely real from our members that are from there.

They know what's better on this and each government has to tax every sector they think that they should be doing for more.

And for the losing gamblers, I think you're right that they have to reconsider that losses aren't taxable but I don't know in most government reforms.

If the news is real,the government also should analysis the data.Because not all the gamblers who playing the gambling making money.If the tax is for the gamblers who make money is the fair one,if the government announce the taxation for all the money transactions in the name of gambling into their bank account means.This leads to the biggest problem for the gamblers who was already suffer from the gambling losses.This made the gamblers to pay the additional money for the losses too.Instead the government can create the law to the gamblers who make money in the gambling.

Really understandable for those countries who do have that kind of situation on which there are several industries on where they are really that getting some big taxes and thats why they would really be that deciding on not to ask some tax into gambling business but actually it is really that hard to believe that they wont really be including it out on which we know that gambling business is really that a profitable one and one of the most big industries on which a certain country would really be able to snip out some profits. Therefore, if Nigerian government do make out some decision on taxing up gambling businesses then it will really be that a good
step for them to have at least that kind of economic development as these businesses or industry would really be giving out that kind of good revenue or in terms of taxes.

Just like the rest been saying that if this one will really be having that good application or use of those taxes then it wont be that shocking that economic development would really be there.
Each government would really be having their own plans on how to handle out economic approach into it.

Gambling is a big industry and market for a country not to tax it. If there are nations that are free of taxes from the gambling industry, it is for sure that they're benefiting from the other sources that they have.

But it's true that gambling businesses are quite big and a government cannot avoid to tax them unless there are some clauses that they're also going to benefit while not taxing them.

The majority of the countries do tax gambling and that's of no surprising anymore.

Just like you’ve rightly stated, the government will never be transparent about how they spend the revenues generated from their citizens via taxes, levies and other forms and methods of (should I say) extorting the citizens. Yes it’s quite true that we the citizens may in one way or the other benefit from a few of the infrastructural developments around us, but then again, it wouldn’t be bad for them to make appropriate accountability for the revenues they generate because most of us are of the opinion that the revenues generated do not equate to the number of infrastructures that we see (except they’ll tell us that there are some we don’t know of) and until this issue is addressed and they start giving a more transparent account of the generated revenues, citizens will always feel skeptical about paying of tax.

The gambling business is a fairly promising business, and if gambling is built in a country that allows it, I think it is natural for gambling companies to pay taxes because of course they have built a gambling casino, so there are benefits to be gained. In addition, gambling is one of the things that attracts many people and I am sure that in all countries there must be many people who are interested in gambling, so when a gambling company is built it can be profitable even though it also depends on the marketing. Is it possible that what you said is true, gambling is a way to make money for the country? I am not sure about that, gambling companies seem to be owned by individuals only and of course the benefits are only for individuals, only the country benefits from the taxes that casinos must pay. Therefore, I think there is no more benefit to the country if not just taxes.

Well where we come from in Nigeria it is very difficult for our leaders to openly talk about what they are using the taxes that they collect from people to do because we keep seeing them taking loans to fund projects that can be taking care of with the amounts generated through tax but then they will not have access to steal plenty money that's why they keep borrowing to finance projects. I'm not encouraging anyone not to pay tax but then we should also try to find out if the things we pay for are been used to do what it is meant for.

There's a penalty for avoiding to pay tax but I'm yet to see the government make laws that will punish tax eaters same way they provide laws and punishment for those who do not pay taxes.

If this is the case on which they arent that able to put up some taxation into business or industries including gambling industry then it is really just that right that the government will really be having those considerations
on applying taxes on which it is really just that right. If we do really tend to look up on how much revenue or profits these casinos do make then it will really be that a huge beneficial thing for the development of the country in speaking about taxes because this will really be that something important or relevant. As long it wont really be that too high on tax percentage then it is really that something these business could be able to deal with. It cant really be just that right that they wont really be taking actions in regarding about taxation. If their government is really that mindful about on this aspect then they would really be having such application.

Its a right call that they will really be putting up such next step because this would really be that for the betterment of the country and hopefully those taxes would really be applied and used up on the right way.
We do know that corruption could really be thats still able to exist and it will really be that pointless if those taxes would really be just that directly go into their purses or pockets.
Anything could happen but lets hope that it wont.

nigeria is tax free country, that's why many investors do establish in nigeria, when you talk about gambling tax, some countries do use gambling as a source of making money and I know very well that gambling has to do with generate funds to the Country they establish, in some foreign countries they uses gambling as a means of making money, like source of economy boost up, but in nigeria they kicked against all those things that do give money, but as they realize that gambling can give money its when they lift tax levy on gambling which is  supposed to be, I'm not kicking against Nigerian demanding tax for any gambling business or establishment.

I don't think this is something that actually be implemented, gambling was once considered to be illegal by the Nigerian government so for them to say this means that they are not definite with the things they say. Talking about taxes, there are some parts of the country where this is very compulsory especially for some businesses but what do they use those resources for? Taxes are supposed to be used for the benefit of the country but they don't do anything to make the country better. If they start taxing gambling they would just imbezle those funds.

It is why the government must work seriously to clean their institution from the corrupt officers because they can use that money for their own interest. The money that will be used for public is gone while it is difficult to investigate as they are surround by many people that always protect them from the clean officers.

The corruption needs to be fight and I am sure that Nigeria government still have an officers that cares to their country and will do many things to catch their officers who commit corruption. Although it is never easy to eradicate corruption, but I am sure that one day, they can reduce the number of the corruption in their country.

Well, for me, I see no reason why I'll attempt avoiding taxation, even when I don't see anything meaningful it's been used for. This is because I see nothing wrong with paying of tax, but what I'm against is the government or any other agencies try to misuse the power you've been given and using it to extort innocent and naive citizens who do not have any clue of what they're even paying, or saying I'll need to paya tax I know fully well that it's absolutely irrelevant, that's the kind of tax I'm not gonna pay.

Yes and I am quite sure when for example most of the people there are reluctant or do not pay taxes after the government implements the regulation then there is a possibility that most of the people there have thoughts in that direction, in the sense that as I said earlier that maybe they think that paying gambling taxes will not change the economic situation in their country.

On the other hand, for the problem of avoiding taxes, I think it depends on how the government implements the tax payment system, if the tax collection is really difficult for gamblers to avoid, such as the salary deduction scenario as you conveyed, then of course it is quite difficult for them to avoid paying the tax when they do not want to comply with the regulations, and so far I do not know about how the regulatory system will be implemented by the government so that gamblers cannot escape from taxes, and if it is nothing more than just an ordinary regulation in the sense that it only requires people to pay taxes without any action that makes gamblers have no other choice but to pay, then I think it is unlikely for gamblers to obey the regulation.

Corruption is indeed a serious problem in many countries, including Nigeria, so indeed the plan to implement a gambling tax in Nigeria has received a lot of attention and rejection from several parties, perhaps it is not wrong to apply the tax in order to keep the growth of gambling in the country under control and also the country revenue can be stable, even in order to increase tax revenue, previously the Nigerian government has legalized a lot of gambling but strangely more income and more state treasury is In fact the development of infrastructure and various facilities is not running according to the plan, Nigeria is one of the countries that has a fairly high poverty rate ratio even though in fact they have a lot of natural resources for the country income, So indeed the high level of corruption committed by officials in the country has been going on for quite a long time and according to some existing surveys, Nigeria is currently on the list of 145 out of 180 countries with the highest corruption in the world.

It’s impossible for the government to provide anything tangible as proof of what they’re actually using all the taxes they’ve been acquiring over the years because the only purpose and place the taxes go is their pockets, well of course a few infrastructures which they use as camouflage. Because if the taxes are adequately spent, then the quality of life in Nigeria would have been at least 10X better than the present condition.

It is true that the people of Taxation are involved in corruption among themselves with money which is proved and found at various times and also when they are doing audit about any organization if the people of that organization try to come to negotiation with the people of Taxation and show lure of money then they themselves in that case. Money earmarked for public coffers for private gain is reduced through corruption and favoring self-financing.

Because of such greedy government officials, tens of billions of tax dollars are being lost in Nigeria just because of corruption. The shadow of this corruption can be seen at every level from high level to low level. If you consult with tax people about your personal tax file, they can teach you about tax evasion policies.

Honestly I think we will argue about this again and again but we will never arrive at a good end, in a working government you get to see the good works and projects that are been carried out by the amount of money that is generated through tax but what do you expect from a government that was selected instead of going through the due process? Corruption has eaten the integrity of most of the politicians in Nigeria to the point that they even come on the media to brag about what they have been doing so far. You do not expect to see a positive result when the whole system is corrupt.

I will say this again, just do your part by paying your tax because of you are discovered as someone who has not been paying tax, they may decide to seal your property or get you arrested if you are not smart enough to discover their plans. Just do the needful and watch them continue to use the money to enrich themselves but remember that the records will always show that you have been paying your tax if the need arises.

If that is reality, we see that those officials see the corruption happen in their environment but they can not doing anything. They see their high levels officials involve in that corruption so that will difficult to investigate. That corruption practice was happen from a long time ago and it seems they made an organization that hide their activity from public. If one of them caught in the investigation, they can sacrifice that person to hide the most of them. It is cruel but that is what happen to the corruption. They can do many things to cover their activity and that makes too difficult to catch them.