Topic: Regulation: Brazil closes 2000 gambling sites (Read 1279 times)

That would be a problem if they’re not honest… corrupt countries have corrupt officials, so taxes don’t always go directly to the right projects; a portion often ends up in the pockets of these officials. But that’s a different matter. What we’re talking about here is taxes and their implementation. There should be a complete, clear rule for this law. As for those corrupt officials, that’s a separate issue to tackle. Even with corruption around, casinos still have to pay their taxes to stay within the law.

....but instead those companies will really be just that paying a small % of the revenue directly into their pockets.

Im not against taxes as long it will really be used or applied into economic development or enhancement on which
this is really the primary purpose of taxes on which it will really be that understandable on how it works but of course it will really be that totally on how the government will be applying those laws and regulations about taxation.

That would be a problem if they’re not honest… corrupt countries have corrupt officials, so taxes don’t always go directly to the right projects; a portion often ends up in the pockets of these officials. But that’s a different matter. What we’re talking about here is taxes and their implementation. There should be a complete, clear rule for this law. As for those corrupt officials, that’s a separate issue to tackle. Even with corruption around, casinos still have to pay their taxes to stay within the law.

But that needs a honest officer who can guard the tax money and distribute for their country.

The casino can actually handle the taxes themselves and just deduct it from our winnings - simple, right? But this applies only to countries with strict laws that make gambling winnings taxable. There are guidelines for this, and it’s transparent because it’s part of the law. If we ignore it, we could get penalized or even face jail time since, as they say, "ignorance of the law excuses no one."

What do you guys think, is it the right step? What will the government lose or gain? What will the citizens lose? Will the closed websites cooperate? Many might want to take their business elsewhere as they like to operate where the regulations are weak.

Do you think Brazilians would cooperate with the government? Some may think of VPNs to bypass the government's restrictions, but this might put them into trouble with casinos. I wonder how many of them know this.

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It takes a bold step to do this and it looks like some countries are now waking up. Regulation is important in the gambling sector, it's better not to have gambling outlets at all than to have them do as they like without proper accountability and even pocket all the money without giving the government what is due to them. As for the government, the tax due is not justified if not used properly, sensitises/educates the people about gambling and protects the rights of the citizens/residents.

I love it when I read this, which shows the government's seriousness in collaboration with licensed casinos/sportsbooks.

The casino can actually handle the taxes themselves and just deduct it from our winnings - simple, right? But this applies only to countries with strict laws that make gambling winnings taxable. There are guidelines for this, and it’s transparent because it’s part of the law. If we ignore it, we could get penalized or even face jail time since, as they say, "ignorance of the law excuses no one."

The casino must paying the tax for their business while the gamblers pay the tax for personal or their wins. But gamblers should pay the tax for their income/salary as a citizen.

It is true that the casino can check all of their members and they do that too for security purposes. But while it is a matter of tax I think gambling sites should bear the tax of their end which they earn only. And for the users, the users are liable to their country whether they will pay or not.

It is true that the casino can check all of their members and they do that too for security purposes. But while it is a matter of tax I think gambling sites should bear the tax of their end which they earn only. And for the users, the users are liable to their country whether they will pay or not.

That could happen reminds that regulator/government can ask that to the casino because casino can check to all of their members. So when the gamblers win much money, they must pay the tax to casino and the casino will report and gives the tax to the government. The gamblers can only obey the rules from the casino so they don't have to pay the tax to the government because their winning deducted to pay the tax. Everything can be possible as the government have the power to control the casino under them.

What if the government makes casinos act as withholding tax agents? Winning gamblers wouldn’t be able to evade their tax liability. This could likely happen if the government notices a gap between tax collection and their expectations. They’d have the data from gambling sites, which are required to report it, so they’d know exactly where to step in.

People from Brazil will definitely find news methods to access those sites or the casinos will be unblocked eventually when certain deals are made with the government, that is what most governments want, they appear to protect the country but are involved in making money for themselves from the operators.

Problems like this have happened in South East Asian countries too and I am not surprised to see that Brazil is also among the group of countries that are developing at present.

Not being able to collect tax is hard on the governments, specially when political and criminal groups are involved in elections and lot of other dirty stuff.

But it won’t completely stop gamblers. There are actually countries where gambling is banned some gamblers still find ways to keep betting. I think , when gambling is part of the culture (as it is in some countries), it’s tough to break that cycle. The most a government can do is try to discourage it, but how effective is that really? They might just be pushing tax revenue away. With the popularity of online casinos, no matter what kind of restrictions are in place, there’s always a way for someone resourceful enough to gamble.

That can happens to gamblers where they will still playing gambling without paying tax if they win because they know how to hide their winning. Tax should be impose but the officers who does their job must be clear from any illegal things so the tax can be distribute to the right place.

One of the main responsibility of the government is to make a country livable and making it secure into its citizens on which it will really be that a huge problem if they would really be able to see gambling addiction related kind of crime on which this has been caused by too much addiction due to uncontrollable gambling businesses that resides or available on such country. Whereas, the government will neither be making out some decision whether they will really be that still allowing it or would be making out such step on banning it out because of the effects that it do brings up. If they would really be prioritizing about taxation and revenue that it does give on a certain country then they wont really be caring about addiction then there's nothing we can do about it. Actually addiction is something a problem which is really that personal and if it turned out to be severe then this is where potential problems would really be rising and thats why on the moment that it will happen into you then it will really be normal that you should really be doing on what the things that must be done.
You are really indeed having that common sense whether you are still doing the right stuff or not. It is really just there are individuals who are really that good on controlling things and able to avoid addictions.

You are wrong my friend, it will affect them, the higher the tax, the higher the discouragement, this is normal economics everywhere in the world. Though some ardent gamblers and the addicted ones may continue to gamble all the same, the percentage of those who were supposed to gamble must have drastically reduced. Taxes have reasons beyond the government's revenue target, it also dissuades people from those activities. Imagine the government of a country increases the taxes to about 85%, do you think the majority of people will continue? Of course not. People mostly gamble for money but if they can only earn 15% of the money they narrowly win, what is the point of gambling?

You are wrong my friend, it will affect them, the higher the tax, the higher the discouragement, this is normal economics everywhere in the world.

We don't know the inner history of their decision to close those gambling sites.

It may happened that they are closed those ones which have refused to cooperate with government on sensitive matter or to gave them the protective money. Should they close all gambling sites I would understand their action but  some  sites remained  untouched, I wonder how many.