Topic: Nigerian Government plans to begin taxing gambling. - page 3. (Read 2231 times)

Corruption is a problem that cant really be resolved or something that cant get rid off with. Even if we do speak into those countries which considered as first tier or 1st world but still this kind of problem
does really exist no matter what. Tax is something that will really be commonly be misused specially if the officials are those people who do have bad intents on which this is something that they will really be using. As for taxation then just like on what everyone is really that talking into that it is normal for economical improvement or progress.There is really that those kind of hesitations when it comes to tax
usage.If the government will really be planning on taxing gambling on a particular country then there's nothing we can do but to deal with it.

If we see the reality, it is time for the government realizes what they must do with their corrupt officers so they can runs their program properly. They must investigates their officers who commit corruption and punish them so slowly they can clean their government from those people. Corruption is a global matter that needs to be solve immediately before their country lose the chance to grow to be better.

It is not easy to clean the corruption especially if that was happen from a long time ago. It needs honesty and braveness from all officers to work better for their people. If their country can grow, that will benefit all of the people. Hopefully, the tax can be distribute to the right places.

Do citizens even have a choice when it comes to payment of tax in this country? try not to pay and you get forced by all known means and after you've paid the tax you don't see anything reasonable to point at as to what they used the money for. Normally, it's not out of place that gambling companies are being taxed before their operation in a region is allowd most expecially when you consider that the numbers of active gamblers in our country is at a rate that's quite much and such taxed money can go a long way in boosting the economy and solving some of the needs in the country.

The same way they should be taxing exchanges that are operational in the country is what they should be doing to gambling companies who might not have a physical office in the country but have access to a large market due to the digital stage we have in the country.  These small mediums in an ideal instance are supposed to add up to the revenue the country is generating through oil to boost our countries GDP due to our large population of users of these gambling platforms. It's an advantage we have but since we're not even certain that when the gambling companies are taxed, the resources will be utilized the right way, it's not even encouraging to look at this from a positive eyes.

Similar thing here, I click on the link to read the full details since Op story seems unclear to grab the main content of the story. Unfortunately, nothing is clear even in the original content. I saw gambling on the title but reading further got me confused because gambling was not mentioned again in the rest of the story.

However, I understand that gambling platforms including the newly established ones are paying tax to FG but people gambling are exempted from the system. Perhaps, this could mean paying government some percentage from every single win you have when you gamble. I will not be surprised if that's the case since the guy occupying Aso rock now is tax oriented and you can see how he's taxing every aspect of the nation.

Taxation in Nigerian ( and I believe in other Countries too) is unavoidable, so whether or not Nigerians like or are in support of how the revenues are spent, they’ll still need to pay their taxes after all as tax evasion is a crime and punishable by the law. So the citizens I believe don’t have more or less of a choice in this particular subject matter. But yeah you’re right, it’s better for the citizens to first perform their civil duties to avoid the state of ewo ewo   , let the fault only come from the greedy politicians who choose to loot and embezzle public funds.

I thought about it a little and did a little research and found that some types of gambling are indeed legal in the country, one of which is legalized land-based casino games and in my opinion if land-based casinos have been legalized, shouldn't there be tax payments from the beginning of the existence of land-based casinos? if the players are required to pay taxes, I think that is impossible.
In terms of profit, of course the casino will get more profit, therefore paying taxes is the responsibility of the casino. Besides, it is only natural that they have to pay taxes because they have clearly benefited from the many players who visit.

https://en.wikipedia.org/wiki/Gambling_in_Nigeria

You know, there are countries in which gamblers who are fortunate enough to win a significant amount of money are not taxes a penny from what they warn out their good luck. Australia is an example of it, and I think there are also others from Europe as well.
The fact is, when the system is not corrupted and the money of the people is not taken by those in power to do their own business, the system of governance becomes efficient enough so it is not necessary for politicians to tax form the good luck of gamblers.
That is what Nigeria and other countries should aim to, first become transparent and efficient enough and then see if they still need to tax from the people of their country in such aggressive manner.

Also, politicians from  Nigeria should be banned from having any kind of business relationship with casinos or betting books, as it could become a conflict of interest for them and the nation, ideally people should not rely on betting and gambling for them to survive, but at the same time casinos could "donate" to politicians so they would not pass laws against the business of gambling or programs to allow the rehabilitation of problem gamblers.
It is a very sensitive topic...

I think even in the first world countries, there are complains like this that they're not getting what they deserve. It means that it's a global problem and all we have to do is to focus on ourselves and do whatever we can do to make ourselves better. Because whether there is or there is no government, it is us that shall make our lives predict and do what must be done in order for us to live accordingly to what we want to.

I think it's not just you guys but for most people in every country. We have the right to criticize the governance of our government and if we don't see some good developments from our taxes into our country or areas, we'd really hate to pay taxes. While the working class won't care at all but it doesn't mean that they don't care really at all, they just have no choice but to pay what's adhered for them to pay because if they refuse to do so, it will reflect to their tax records and could make things complicated.

Everything that earns money, individuals, companies, businesses, etc. But for some laws, there can be an exemption depending on the priority of the government and to those that are part of the exception.

The reason why most Nigerians hate to pay tax is because they have perceived the system to be so corrupt up to the extent that they don't want to contribute their penny to fattening the pockets of those few politicians, but even as that, it's better that the country have enough revenue to keep the economy running, let it be that those in power are the ones looting it, than for everyone to hate the tax system and don't pay at all and allow the system to collapse. Any industry that generates money should always be levied to pay their tax.

You've got a point but some certain things must also be put into adequate consideration. Such as, are these revenues really going to infrastructural development or projects that'll be beneficial to the people. If the answer is yes, then I absolutely have no problems with it, but every Nigerians knows that the government has already failed the citizens, and every revenue that's taken from the people and other establishments goes directly into the pocket of a few politicians and then the people are left with nothing but leftovers. So even if the government begins to tax gambling today, the only people that'll actually benefit from it would be themselves and not really the citizens.

No, you don't have to pay tax for every time you won a bet, but if your end balance is higher than your initial bankroll, you will pay income tax for the gains. If the gamblers pay tax for every time they won a bet, they would be broke and the government would be rich because won a bet doesn't mean you're in profit.

That's what the system, same with employees who work in a company, both companies and employees are obliged to pay tax.

The most obvious difference between a casino and a gambler is that a casino is a business. They are protected by the government and their business is completely dependent on the government, so paying taxes is their mandatory duty and responsibility. Meanwhile, regular gamblers like us are just people spending money and looking for a place to relax after a tiring day at work. So it would be unfair if we had to pay taxes every time we won a bet because we already pay taxes at our main job, there is no reason why we should also pay taxes when we have fun. It sounds absurd even if the money is used by the government for good purposes.

If the casino pays tax and the lucky player pays tax then it looks like a scam, don't you think? The casino is always in the black, so it is logical that it pays taxes, but where is the logic in the player paying taxes? Roughly speaking, from the casino's side, both losses (players' winnings) and profits (players' losses) are added up, and from the players' side, only winnings are taken into account.

Anytime I sat down and look at how this government has been performing in the last year they have been in the office, I weap and just don't stop thinking. Apparently, this policy came as a result of reformation of policies and how the Nigerian governments wanted to increase the rate of taxation in the country, they also pass some circular about taxing content creators, the same people they couldn't provide jobs and are hustling to put food on the table, this government is a joke.

There is large inflow of money that goes into gambling as announce by the gambling regulation authority and that figure got into their head and they are now trying to use that as a way to make money into the treasury but the corruption has not reduce even small, it's scary how the government are making things so difficult for everyone and yet no releaf for people, to the extent they want to tax people on gambling, this is international disgrace to the Nigerian government.

When it comes to corruption then this is something which cant really be totally make out some exemption in tier 1 countries on which we know that when it comes into this aspect the corruption
would really be still something that could be present into these countries. This is why we cant really be able to remove out those possibilities about taxation and other stuffs correlated to it.
As for taxation in gambling then it will really be just that normal considering this industry is really that generating that huge amount of revenue. So its normal that they would be taxing out.
It will really be just matter whether those taxes would really be used or put up on the right way.

Indeed! Tax money is very different from protection money. However, taxation protocol is needed if they want the business to be legit. The people can also enjoy such tax money as the government can use this collected funds to carry out government projects. Just look at the side that the government can use the money generated from tax. And that includes the gambling business.


Unfortunately, that's the reality for most countries. Corruption is still rampant everywhere. Lucky if you are residing in a country where corruption is minimal. Because with tax alone, government can already improve the lives of their constituents. However, with corruption involved, a lot of funds are going to the pockets of these irresponsible politicians.

You don't just generalize things like that... Is everyone in the country into gambling? If no, then how does this correlate with the economy of the country? Gambling has zero effect on the surge in prices of commodity in the country and I think you should outline that to everyone's understanding.
Secondly, nobody is compelled to gamble - whatever happens at the long run of nurturing a habit that you started off with is something that YOU alone should be held accountable for, not the country. They government have figured out another way to squeeze money outta your pockets so that's left for you to figure out what next to do.

No! Alot of people will rather be held responsible for what they know, rather than what they don't. Do you someone that wagers on a normal casino platform can just switch to web 3 ? It depends on their priorities though.

Very common on a corrupted country on which there would really be these kind of hidden transactions on which it would really be pertaining on having that kind of protection into those people who are sitting on the top of the chain. This is where there are really businesses or things that cant be shut down just because there's someone who do really project it out. As for taxing matters then its something that government will really be that not easily slip it out. We do know that they do know that making or extracting out huge taxes on gambling based businesses are really that significant, so it will really be normal that they would really be coming after that. As long they could be able to do so then they would really be definitely be doing it. There's nothing we can do if our government would really be trying out to tax almost everything. Its not really that bad on having those kind of taxation as long those taxes would really be put up in good use and wont really be that corrupted because usually this is the case that do happen.

Tax money is different from protection money. What you’re describing is more like protection money. Even if the government is corrupt, tax money still technically goes into government funds before it is misused. However, protection money is given directly, without any receipts, and is handed to corrupt officials so they’ll overlook deficiencies and violations, allowing the casino to operate without proper compliance.