Online Gambling could be used to pay for covid problems - page 11.

Yogee

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Quote from: btc78 on October 24, 2020, 12:15:43 AM

I totally support the government action towards this matter because at least funds will be taken from those casino operators and companies that bagging tons of money from gamblers and pays small amount of taxes.

Governments have to tread carefully when it comes to tightening regulation and imposing more taxes on online casinos registered in their country.

The possibility of casinos passing off taxes to gamblers in the form of service charges is there. Many players will leave and move on to other online casinos iif that happens.

Governments will end up collecting less taxes from online casinos since players left because of tight regulations and increased service fees.

btc78

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I totally support the government action towards this matter because at least funds will be taken from those casino operators and companies that bagging tons of money from gamblers and pays small amount of taxes.
and besides this is to help people that In need specially this pandemic time that we already knew about How European countries suffers a lot and needed funds to support their people.
in some manners at least the government is seeking for Legit way of taxation and not just suck implementation .

robelneo

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Online gambling is one of the few industries that thrive in the Covid period pandemic and imposing more tax measures will ease the burden of these nations, government are always on the look for revenues and since so many industries are down they are now looking on the obvious which is the online gambling, it's not that will affect the online casinos it's just that the action is understandable, and they can strike up a deal but not to the point that they will slice a big shares of the revenues.

carlisle1

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This is the problem about government stands,they are suing the gambling casinos online because it can be harmful for their people but now the twist happens that they wanted casinos to add funds for covid Victims.
it is either they wanted this to be bread and butter or they admitted about cannot handle the gambling totally so" if you can't Hit them Just Join them "

Hope that this will not lure the gambling operators out of europe or instead of doing legally the operators will hide in illegal form of gambling.

btc_angela

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Traditional casino's has not been impacted by government taxes, although some of them might be enjoying some tax cuts or good deal with the governments that's why they still exists even in a small countries. But taxing online casino's to prevent fraud? How is that? Do they take this online casino's in court? I don't think this is essential though, and it's hard to regulate online casino's by nature. It's much complicated that regular and traditional based.

Ayiranorea

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Online gambling can't be attributed with the covid-19 pandemic. Even before covid-19 people are much into online gambling. The usage of online gambling has increased during the pandemic lockdown followed around the globe. Gambling is just a small portion of one's entertainment. One is supposed to take care of their health, so for sure one needs to focus on developing immunity to overcome the covid-19 problem. For some reason we need to go to outer world for Survival.

Janation

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

What do you think ? Is this essential? Would it affect the online casinos?

I think that it is badly needed by the government.

Most of the funds of the government right now are focussed on how they would be able to take care of their citizens while also strengthening their medical force to fight this pandemic. For the gamblers, I don't think so since that just means more fees and as you've said, no anonymity. People might choose to gamble on other sites rather than stopping.

mezzaluna

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Its actually not just used to pay for Corona Virus related problems but rather even before the pandemic came, users are already resorting to gambling to sustain their daily living (only if you are winning). Online gambling is always helpful to people who really wants to monetize their time in some way although it can quite damage their capital too. Regulations regarding Online Gambling should depend on the website? I guess? Since they can cater international players.

maydna

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Every country can make regulations related to gambling, and they can force gambling, whether it's offline or online gambling, to pay the taxes. The gambling owners should know and search for more about that, and they should obey it because if they break, I am afraid that the government will not allow them to operate.

If people should pay the taxes for playing gambling or get a limitation in using their money to playing gambling, I think that would be good since the government wants to help people reduce their time in gambling.

The decision will have two opinions from people who will agree and disagree, and that is the government's job to decide which is good for their country. Perhaps, that can affect the online casinos, but we know that the online casinos will figure out how to avoid the countries which have too many regulations.

Oilacris

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Quote from: AliMan on October 23, 2020, 07:36:33 PM

Quote from: Wapfika on October 23, 2020, 05:31:44 PM

As the economy is having problem and finding ways to keep them is to find ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

This is a good alternative when tax will be implemented with online gambling, and as pandemic will be suppressed normal life will be saturated. Government need businesses to sustain, so in cooperation with different sectors I think it's an ample solution. Regulations should be imposed with definite classifications, not just with gambling but also for other types of institutions particular with online goods.

For some example here in our country where every business and institutions had already opened up their doors because it wont be sustainable if they do decide up to close everything excluding to those essentials.

Theres no other possible solution on where to get those funds to be used on lots of purpose but only to the tax itself. Last resort would be taking out some loans or debts from other rich countries
which it isnt really a wise idea where it would just worsen up the economic state of such country.

Gambling businesses is profitable even on this middle of pandemic, there were still gamblers that who do still play out and making this business still making some money or revenue.

AliMan

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Quote from: Wapfika on October 23, 2020, 05:31:44 PM

As the economy is having problem and finding ways to keep them is to find ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

This is a good alternative when tax will be implemented with online gambling, and as pandemic will be suppressed normal life will be saturated. Government need businesses to sustain, so in cooperation with different sectors I think it's an ample solution. Regulations should be imposed with definite classifications, not just with gambling but also for other types of institutions particular with online goods.

Assface16678

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

What do you think ?
Is this essential? Would it affect the online casinos?

Regulation and taxation, right? To most of the activities, governments are looking for a way in order to get something from it. I do like the idea that the money that would be taxed from gambling would help the economy but corruption exist, I doubt each government will responsibly use the taxes from this industry to aid this pandemic perhaps, or to simply put the taxes in the right track. That's the only thing i'm concerned with. Taxation is not a problem but its essence does. Not all gamblers are winning bigtime and if the taxes on this activity will just be directed to their corrupted pockets, efforts will be in vain. But I doubt it would push away gamblers in online platforms to not engage, it is like on vices wherein no matter how high the price already is, consumers would still purchase some.

Oasisman

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

2. No privacy

This alone could affect both the gamblers and the online casino. Nobody wants to be monitored, and thus the main reason why people wants to gamble using crypto.
Regulating online casinos will just make online gambling an expensive leisure.
In this dire situation the government tends to monetize everything from the internet, they want to impose tax and regulate everything as physical stores and casinos are limited and doesn't able to generate enough income to meet the normal taxation value. I'm not sure If gamblers and online casinos are benefiting from it, but one thing is for sure, it'll always in the favor of the government.

DabsPoorVersion

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

What do you think ?
Is this essential? Would it affect the online casinos?

This is essential only to the government,

This is not okay for online gamblers because their privacy will be gone and this will add more additional charges from them, though it is okay to tax as long as it will help the covid problems but due to regulations, this will make gamblers provide their identity even if they don't want to.

Eternad

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Quote from: Yaunfitda on October 23, 2020, 05:19:09 PM

Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.

If it will only due to money or tax they wanted to charged then just let the gambling casino registered but not fully regulated by them. Let the casino just required some permits to operate so they can still taxed them depending on the amount they earned thru gambling or make it only as a requirement to continue to operate but not literally regulating them and put changes in online casino. Many governments see that many were dealing online transactions that lessening the amount paid by registered companies. Any online transactions now were eyeing by many governments even the use of Spotify and Netflix. They wil need to provide a system to see how they will taxed online transactions now.

batang_bitcoin

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

Is this essential? Would it affect the online casinos?

It is essential for casinos that have office in their jurisdiction. But if not, they are not covered of this law not unless the law states specifically to the gamblers who are residing covered by that law. The ones that will feel the impact are mostly those casinos or individuals that are on that country that will apply that possible law they're about to create. I can't give that much of my opinion on this as it's still on the process and consideration, I'll wait until it's being passed on, read and finalized.

TimeTeller

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Quote from: Wapfika on October 23, 2020, 05:31:44 PM

As the economy is having problem and finding ways to keep them is to find ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

From the gamblers side, it is not good as it may incur additional charges and yes, privacy is another issue here.
But if we look at it from the government's side, this will be another avenue to earn income.
And that they badly needed this option, as a lot of businesses are still not in good shape.
Also, prevent scam online casinos. There's a lot of them actually, trying to dupe naive players.
So there are pros and cons on both sides, just weigh your options as a gambler.

Wapfika

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As the economy is having problem and finding ways to keep them is to find ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

johhnyUA

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Quote from: fiulpro on October 23, 2020, 12:21:21 PM

I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.
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What do you think ?
Is this essential? Would it affect the online casinos?

Man, this is what a government is: trying to get tax from everything it can. And yeah, "regulations" is never going to be good. More likely theu just create few "licensed" casinos where everything will be shitty and many grey casinos, where everything will be even worse (scams become more often in their part).

Also with all this leftists shit, i think in near future you will think not about is it good to tax and regulate casino rather about "Is it good to tax fresh air outside"?

FinneysTrueVision

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This seems unnecessary. Unless a casino business is based in your jurisdiction you don't need to try and take money away from them that they earned. Imposing even more regulations on them could negatively impact casinos and gamblers and push people towards more private, unregulated options that don't require KYC. At least some countries are loosening their restrictions on online gambling like Germany and Latvia so all hope is not lost.

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