Topic: Online Gambling could be used to pay for covid problems - page 4. (Read 81629 times)

Every potential venues the government will seek for it and try to make it possible just to accumulate additional taxes. They will proceed as they've got

the authorities as long as they can implement legal basis for this said action. Gambling industries is really active especially the online gaming,

implementing additional taxes won't stop them to continue facilitating.

Well, it does not say that it will solve all the problems but they see it as one solution that can help them. They see it as one of the possible solution since there's a lot of money circulating in online gambling that's why they are taking this consideration as a solution for the problems that they are facing right now.

Yes, it will not solve the problem (and for countries that do not legalize gambling, this option is not a solution at all), because to allocated new funds for the Covid problem, a country must be able to encourage its economy from various sectors. But at least the specific tax for online gambling can be used as a help fund to reduce the cost of covid.

Tax is a compulsory levy that must be paid by taxpayers. Even though the imposition of taxes on online gambling may not be liked by gamblers, but if the goal is really to help the Covid problem, I think everyone will be able to accept it.

I don't think that taxing online gambling will solve all the problems with financing covid problems. first of all there is a need to cut payments to officials and that move will save a lot of money.

intend for complete control? it's very possible...
surely the government will extort the players and even the gambling business owners because it is certain that the government knows how much money it produces. the good news is that until now there has been no news where the government in a country imposes a very high tax on gambling.

For me, it is okay if the government will try to regulate the online casinos. When the pandemic started, lots of offline casinos in different countries have been closed for oublic due to modified enhanced community quarantine and also the emerging online casinos start to bloom. I don't see any problem whenever government will dive into regulating online casinos. Security of the gamblers will be assured. Ofcourse those casinos who are registered in our government have complete papers and definitely not a scam. 

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That's the thing, we don't exactly know if said taxes are actually being used to help those that were damaged by the pandemic. Plus, who knows, they may not even remove the said regulations even after the damages are already paid and the pandemic is over. It'd probably be a lot better if casinos were to set up their own charity fund where a set % of revenues are sent every month or so and after a set period of time, would stop giving them since they themselves are businessmen that need to improve their business as well as pay their employees.

Not to mention that, why only the gambling industry? Shouldn't they just pretty much ask for funds for every working business? It'd be hard to judge though since different businesses have different revenues, but well, not that we can be picky at this time.

If the government intention is to protect the end users and get upto certain % as a revenue in tax then it is fine but they want a complete control and too much taxes on gambling and other entertainment then it will have a negative impact because the impact will be on end user and they may think of alternative if its involves too much complexities or too much of interference.

If the government can really get the taxes, that will help the country's economy. But if that is related to the online casino, I think that will not easy as we know that the casino can host their site in other countries that don't apply the taxes to their business. It needs more work to find the online casino and makes them follow the regulations from the government. If that regulation is for the casino in their country, it could apply to the casino because it can control the place from abusing the law. It will protect not just the casino, but the user can get protection from the government.

Following that point, it's indeed will help the government generating additional funds as gambling business are one of those many active venues even in this pandemic crisis.

People who are enjoying this place are not being bothered as they will continue playing whatever additional taxes will be implemented.

And with government monitoring, the business will be more protected as the owners needs to
comply with laws avoiding them to do illegal things as gamblers can turned  against them.

I personally have no problem with paying gambling taxes, especially in this "PANDEMIC" period all countries really need money to improve their country's economy.  The positive thing that I see from taxpayers regarding gambling is that gambling sites we are playing are more monitored and player funds are guaranteed safe because it is certain that user funds are protected by the government..

The government want profit by controlling online casinos to appear safe to users. The growth of online gambling as well as the transition of gambler from physical casinos to online casinos has been monitored by the government to maximize the potential income from gambling for them. Setting it up is a gimmic but in the end is an advantage. It's great that they seem to care about user, but if user have to bear the fees the site charges gambler then I'm sure there is some resistance on the part of gambler. It's like a tax in my opinion.

Yeah! exactly, taxes are supposed to be paid by everyone not only in gambling but the rest of the other industries. It is to distribute the money to the poorest people in their respective countries or to construct any developments to their cities to make everyone convenient for their living. Most of the time if the leaders of those countries are just, they are most likely to make their place environmentally friendly like that of Japan and Saudi Arabia. But if the leaders are crooks, no matter how much taxes they get from their people, you won't see any progress to their country after so many years.

Regulations are important to protect the users but they could use this to take advantage on milking money from the online casinos. This would affect not only the casino but the users also since they will charge the expenses to the users. The Government should also offer protection not only to users but also to the casino. It should be a win win situation for all

Industryies that cash in money this big like gambling are indeed accountable to help the government in crises like this. But we all gotta remember that the government should partake in the helping as well. Take. For example Philippines, where they loaned billions of dollars as COVID-contingency funds and even started taxing online selling, yet they got the highest amount of cases all over SEA because of poor management. I'm not saying that good financial management is all it takes, but it is an integral part in helping a country rise from shambles.

That is not a problem as this will help to minimize the spread of scam sites and have to stop. But one thing it puts in my mind if the government will never use their power to ask for huge fees and milking gambling sites for their own benefits. And we're not sure as well if this will not be politically manipulated once they are in control of us. A reason that gives me worries and not totally in favor of regulation unless if there is a third party handled separately, not the government.

This is just probably saying that there will be some extra fees to be simple as that. Because of the online casino will be regulated and will be supported by the local government of yours then probably there will be a tax so that there will be benefits to the government, am I right? Then if that's the case then there will be extra fees for that to support the tax that has been need to pay by the online casinos.
As a player this will be just a burden because there will be an extra fees for playing but on the other side it will be also a good because as of now many people are bored and playing online casinos in order for them to support there boredom and if it regulated by the government meaning this is already legal.

It is good that online Casinos are regulated by the governments its one way to protect users and at the same time to monitor the flow of money coming in and out of the platform. Expecting regulators to tighten online platforms due to new normal and tax implementation to online businesses is inevitable.

Regulation in gambling can turn out to give positive results in three ways.

1. It can reduce the amount of black money being used for gambling.

If gambling is regulated people won't be able to use their black money for gambling since the government will keep track of income source of the money being gambled.
Hence this will reduce the black money usage for gambling. This also has a negative impact that there are many people who use black money for gambling.
So if gambling is regulated then there will be less number of people gambling and this will reduce the profits for gambling site owners.

2. It will yield more tax returns for the government.

I consider this as a good thing because gambling site owners would definitely get good profits from their site.
They shouldn't mind paying some of their profits as tax to the government. Paying taxes help to make our country's economic growth more stronger.

3. It will reduce the amount of scams in the name of gambling.

Regulation in gambling means that the government will be involved in it and the amount of scams in the name of gambling will reduce drastically since the regulatory bodies will be able to keep a track of gambling sites and may be ban those which are unauthorized. This will make the scam sites tough to survive and then they will have to wind up their business.