Online Gambling could be used to pay for covid problems

ice098

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I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

We should always consider the fact that we choose bitcoin and other altcoin because we don't want anyone to invade our privacy or we want to make our each transaction without trace, so this is not a good idea for me. It can only lessen our amount of winning as well , because government will surely take advantage on it and regulate it.

Quote from: Obito on November 20, 2020, 03:26:04 PM

His point is just to secure the privacy of each and everyone and I don't think that he means about agreeing to the additional taxes that may brought my the casinos or some extra fees, and absolutely even though some people or some gamblers has enough money to pay the additional taxes they will still not going to pay for it because at first, who wants to paid some extra fees when you are gambling? you are already putting your money at risk in order for it to grow yet you are paying extra fees for nothing.

Yes but the moment they will allowed it, taxes will be implemented, what will be the difference of cryptocurrency in fiat, if there will be taxes? we chooses bitcoin in gambling, trading and other stuff because we don't want to have a big tax and for our privacy.

dunfida

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Quote from: nikola22 on November 20, 2020, 02:53:00 PM

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I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

do you really think this is a great idea? as you understand additional taxes for casinos mean extra fees for common gamblers. almost sure noone here wants to pay additional fees even if they will be headed to covid problems.

No one will and casinos wont really be seeing this as a good idea on where they would be charged up tax even more and where it would be heading? For sure it would be on gamblers same as you said.
We are badly beaten out by this pandemic in talks of economy but somehow there are some temporal situations that can at least held up before we do slapped down to the floor.
This isnt only enclosed to gambling business but also into other businesses as well which should really be obliged to pay up proper taxes.If government decided
to make it higher then people would just suffer more and thats not really an appealing thing to happen.

Obito

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Quote from: nikola22 on November 20, 2020, 02:53:00 PM

Quote from: ?? on ??

I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

do you really think this is a great idea? as you understand additional taxes for casinos mean extra fees for common gamblers. almost sure noone here wants to pay additional fees even if they will be headed to covid problems.

His point is just to secure the privacy of each and everyone and I don't think that he means about agreeing to the additional taxes that may brought my the casinos or some extra fees, and absolutely even though some people or some gamblers has enough money to pay the additional taxes they will still not going to pay for it because at first, who wants to paid some extra fees when you are gambling? you are already putting your money at risk in order for it to grow yet you are paying extra fees for nothing.

nikola22

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I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

do you really think this is a great idea? as you understand additional taxes for casinos mean extra fees for common gamblers. almost sure noone here wants to pay additional fees even if they will be headed to covid problems.

Kasabus

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I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

This would be more applicable in fiat as casinos as it's easy to regulate it, however, crypto online gambling is also not impossible to regulate so it's up to the government if they will issue license to crypto casinos and let the tax revenue help them recover from crises. As what we've seen, most of the licenses of crypto casinos are coming from few license provider only, what if more countries will allow it, I think it will not only help a country to grow but at the same time it will also help crypto casinos to grow.

ethereumhunter

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Quote from: ice098 on November 19, 2020, 08:48:03 AM

To be honest applying you casino business for business permit and registration to the government for legal operation would cost a lot for a business owner but having a licensed to operate was its big advantage or its card to compete to other casinos. So definitely once a casino business be it real business or online gambling that doesn't follow the rules of the government were for sure do not have a license to operate.

At least, the government can not do something bad to our casino because if some of their officials want to raid and want to ask about the money, we can show them that we have a government license. Maybe the gambling owner already thinks about having a license or still operates their business without a license, and I guess that if they have much budget, they will try to apply for the license to be safe from the corrupt officials.

Bitcoin Smith

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Yeah it is possible but it need lots of people in the place where it is possible otherwise the people will suffer in this covid situation because everyone will not seen ready to make it fast I think happen in future only.

TinaK

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I think that could be a great idea to implement for normal bettors or players but since we are all in cryptocurrency industry or crypto related enthusiast we won't agree to this since the first reason we used crypto is for our privacy.

In this situation they expect some regulation of gambling, So automatically all the users are comes in the KYC because once government will enter in the market we see the more security. The current situation of COVID problem is comes in the end so we don't need for this in gambling because many whales are not like a regulated gambling and government control of online transaction. Once BTC will globalized in crypto platform we expect many regulations in gaming.

ice098

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Quote from: ethereumhunter on November 19, 2020, 03:19:03 AM

Quote from: TopT3ns on November 18, 2020, 03:35:52 AM

So far, seeing that there are only a few casino places that follow the rules of the government, the rest they don't care about the rules given by the government, online gambling is difficult to ask to obey government regulations because they don't have real-world gambling locations so maybe That's one of the thoughts of online gambling place owners.

Maybe the casino that does not follow the government's rules doesn't have a license, so they don't think that following the rule is necessary. But if that is happening like that, maybe that casino will get something bad from the government because they don't follow the rule. I don't know how online gambling can follow the rule because they are not bound by one country. But I am not sure about that.

Quote from: Clement Kaliyar on November 18, 2020, 05:34:55 PM

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site, you know and everyone knows that it is impossible to come with that kind of restrictions.

I think the online casino will search for the country that does not apply any tax for any online business. If they can get it, they will not have to think about the tax, and they will run their business smoothly. If that so, the government needs to make a regulation related to the online casino so they can still get taxes from the gambling business.

To be honest applying you casino business for business permit and registration to the government for legal operation would cost a lot for a business owner but having a licensed to operate was its big advantage or its card to compete to other casinos. So definitely once a casino business be it real business or online gambling that doesn't follow the rules of the government were for sure do not have a license to operate.

Golftech

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Quote from: shoreno on November 19, 2020, 02:31:37 AM

if that is the only way to get rid of the illegal gambling that are happening online , i will support that movement . not only that we can combat tax evaders but we can also combat those scammers . they will think twice to scam if they are already registered under the government because the efforts that they make on making thier business legal will be wasted and they cant also hide because they already provided thier records right at the start . tax can be a big help now that countries are suffering from the effects of the covid19 .

It gives more securities to gamblers who will use the platforms, most gamblers
inspect license from each sites that they'll visiting wanting to make sure that their
money is safe incase something happened while playing, there's someone who can
help them once they report their case. Gamblers will be much comfortable using the
site and with the license government have the rights to tax those existing business,
as they really needed sources for rehabilitation of the entire country.

ethereumhunter

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Quote from: TopT3ns on November 18, 2020, 03:35:52 AM

So far, seeing that there are only a few casino places that follow the rules of the government, the rest they don't care about the rules given by the government, online gambling is difficult to ask to obey government regulations because they don't have real-world gambling locations so maybe That's one of the thoughts of online gambling place owners.

Maybe the casino that does not follow the government's rules doesn't have a license, so they don't think that following the rule is necessary. But if that is happening like that, maybe that casino will get something bad from the government because they don't follow the rule. I don't know how online gambling can follow the rule because they are not bound by one country. But I am not sure about that.

Quote from: Clement Kaliyar on November 18, 2020, 05:34:55 PM

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site, you know and everyone knows that it is impossible to come with that kind of restrictions.

I think the online casino will search for the country that does not apply any tax for any online business. If they can get it, they will not have to think about the tax, and they will run their business smoothly. If that so, the government needs to make a regulation related to the online casino so they can still get taxes from the gambling business.

shoreno

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Quote from: Clement Kaliyar on November 18, 2020, 05:34:55 PM

Quote from: ethereumhunter on November 18, 2020, 03:15:02 AM

Yes, you are right. If every business can follow the government rules, that can help the country's economy grow and they can have better development in the future. So if the casino which can make a lot of money from the gambling industry can pay the taxes which will be bigger than the other business, I am sure that can help the government. Every help from the business owner will be worth it for the government to run their countries and help other people in this pandemic.

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site,

if that is the only way to get rid of the illegal gambling that are happening online , i will support that movement . not only that we can combat tax evaders but we can also combat those scammers . they will think twice to scam if they are already registered under the government because the efforts that they make on making thier business legal will be wasted and they cant also hide because they already provided thier records right at the start . tax can be a big help now that countries are suffering from the effects of the covid19 .

ralle14

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It's hard for this online casinos to obey every rules from the government, they might follow some just to continue facilitating if they
have licensures from that specific place.

But nonetheless, they will not follow those rules that may affect their profits. There are illegal gambling around which mostly being
used by the underground gamblers, this place won't be affected or doesn't care to any government laws.

Some online casinos have no choice but to follow the rules even if it's going to cost them their profits since they chose to operate there but not every country have the same rules when it comes to gambling. Overall only a few casinos will be affected by these changes since the majority of online casinos we know are regulated by Curacao and from what I know they're less strict compared to the others.

iTradeChips

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I am not really sure if I could call it regulation but I think our country is already doing it with the POGOs. These are online gambling sites that are being taxed and the taxes are being used for medical benefits for the poor through the government agent PAGCOR. As such is already happening here and possibly elsewhere, I do not see anything wrong with this being implement in Europe and the Americas. Such taxation would be helpful in their respective countries.

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Quote from: Clement Kaliyar on November 18, 2020, 05:34:55 PM

Quote from: ethereumhunter on November 18, 2020, 03:15:02 AM

Yes, you are right. If every business can follow the government rules, that can help the country's economy grow and they can have better development in the future. So if the casino which can make a lot of money from the gambling industry can pay the taxes which will be bigger than the other business, I am sure that can help the government. Every help from the business owner will be worth it for the government to run their countries and help other people in this pandemic.

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site, you know and everyone knows that it is impossible to come with that kind of restrictions.

I agree with you. We cant never tax those country. But the government will usually try to ban gambling website from those countries to operate in domestic territory. Look at China. They truy to shut down foreign gambling websites which have a huge number of local users

Tax is obglitory. But if I have a chance, i will try to avoid paying tax. Using my money for some non profit organizations is a better option since they use funds in a transparent way which we can supervise. I cant trust my government much

FlightyPouch

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Quote from: AicecreaME on November 17, 2020, 10:49:24 PM

Quote from: FlightyPouch on November 15, 2020, 07:00:26 AM

Quote from: Taskford on November 15, 2020, 06:47:20 AM

Casinos are booming at the time of pandemic so there's no downside for this since it can help people and it's beneficial to the economy also since for now the economic state is not really good and it's good to have a certain outlet where the government can take funds to use to fight the pandemic as well for the other things that needed to take care. And there's nothing wrong with regulation since if the casino is regulated the gamblers can assure that they are safety.

In terms of our country, I think there will be a negative result to this and this will be taken by the people as an insult since they think that our national government is not handling the funds that well. A lot of projects got cancelled is with the current issues and situations our country is facing, people are trying to point it all out that the government are the ones at fault why things are worsening so, yeah, there is that.

Well, the only ones that has been cancelled are those good project that will help the whole country to rise again because of this pandemic, and the ones that continues and has been approved by the Government here in Philippines are those shitty projects that should have been not the priority in the amidst pandemic.

In short, I bet even the taxes they get in the casinos are getting stolen as well by them and they just pretending to spend it to something shitty again but the truth is they are putting it in their bank accounts. Nothing's gonna help if the Government of a certain country is corrupt and very incompetent.

Not just good, it is one of the great projects or plan for the country as it will protect the people and will have a budget for such gruesome situations like what just happened. What I am trying to say here is that if they will be imposing more taxes to gamblers, people will be enraged since they want more taxes while they can't even handle those well. They should just let the gamblers do their donations, because I know a lot of them are willing to do that.

Clement Kaliyar

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Quote from: ethereumhunter on November 18, 2020, 03:15:02 AM

Yes, you are right. If every business can follow the government rules, that can help the country's economy grow and they can have better development in the future. So if the casino which can make a lot of money from the gambling industry can pay the taxes which will be bigger than the other business, I am sure that can help the government. Every help from the business owner will be worth it for the government to run their countries and help other people in this pandemic.

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site, you know and everyone knows that it is impossible to come with that kind of restrictions.

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Quote from: milewilda on November 18, 2020, 03:48:43 PM

Quote from: Debonaire217 on November 18, 2020, 09:48:33 AM

We should ask why most of the gambling platforms online especially those who are crypto-based online casinos are registered on Curacao, that is because the regulation of cryptocurrencies there are favorable to the casinos themselves. That means that as an owner running a cryptocurrency business, they often value their interests rather than to pay too much in taxes by registering on their own nation. I'm sure, every country has a casino regulation and they strictly impose a huge tax on this business. But the good thing here, physical casinos couldn't escape their country's regulation which will definitely help the economy by the tax. Thus, it could mean that the government has most of the responsibility to use the funds to help fight against covid problems.

Wont be just limited to gambling business alone but in other businesses as well but we know that gambling business does generate millions of revenue which
it is really just worth for them to pay up some tax because we know on how important it is on countries development and other purposes just like now on
where we do hit up by a pandemic so badly where this one compensate to those expense and would really be helpful.It would really just vary on
countries type of government if they are really that truthful into their positions or wont really making any corruption act.

Maybe gambling industry is very lucrative and like you say we might talk of millions. However, taxation of this industry or taxation in general will not help economies to recover after the covid crisis. The problem is much deeper and there is actually no business who isn't affected so countries need very comprehensive recovery plan and new taxations are not solution. So, I don't believe that gambling industry could help in significant way to fight consequences of covid crisis.

milewilda

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Quote from: Debonaire217 on November 18, 2020, 09:48:33 AM

We should ask why most of the gambling platforms online especially those who are crypto-based online casinos are registered on Curacao, that is because the regulation of cryptocurrencies there are favorable to the casinos themselves. That means that as an owner running a cryptocurrency business, they often value their interests rather than to pay too much in taxes by registering on their own nation. I'm sure, every country has a casino regulation and they strictly impose a huge tax on this business. But the good thing here, physical casinos couldn't escape their country's regulation which will definitely help the economy by the tax. Thus, it could mean that the government has most of the responsibility to use the funds to help fight against covid problems.

Wont be just limited to gambling business alone but in other businesses as well but we know that gambling business does generate millions of revenue which
it is really just worth for them to pay up some tax because we know on how important it is on countries development and other purposes just like now on
where we do hit up by a pandemic so badly where this one compensate to those expense and would really be helpful.It would really just vary on
countries type of government if they are really that truthful into their positions or wont really making any corruption act.

hahay

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Regulate online casino's? Perhaps it can be easy said than done. From what i see, the heavily affected by the new law will be the fiat based casino's. Because cryptocurrency types of gambling sites are pretty hard to regulate especially when the site, is not Europe based. People can just migrate their funds to those funds who doesn't require KYC.

If the fiat casino is not European based, doesn't that also have different rules and becomes difficult, the regulations are just a gambling site based in Europe so fiat or cryptocurrency will get the same rules. Maybe it will be tightened because the rules are made to restore the economy and I think there is nothing wrong with it, maybe it is just a temporary rule and maybe it can change at any time.

Topic: Online Gambling could be used to pay for covid problems (Read 81629 times)