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Topic: Regulation: Brazil closes 2000 gambling sites - page 3. (Read 1781 times)

hero member
Activity: 798
Merit: 702
Looks like the gambling affair overcame  the sticking point in this country. Accordingly, Brazil authority has in the mind the    development of  effective  regulations to permit gambling operations  for the relevant sites. First steps have been done already. According to  Brazil's Ministry of Finance 71 gambling apps from the pertained  companies were cleared up  given companies have to  pay the fee to receive licensees allowing them to proceed further in their online business.
This is nice now; it was foreseen from the beginning when they closed down 2000 gambling sites. If they don't, serious measures could have just been operating under their noses and making money from the citizens without the country getting anything in return and not checking and balancing them.
 
71 sites already approved shows that they're an interesting audience, which interests them, and more is still going to come; that's if the already approved applicants are able to meet up with the regulatory charges that they have been asked to pay before the end of 19th December, which, according to the report, only 16 companies out of the 71 have paid.
hero member
Activity: 2352
Merit: 905
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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.
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.
I believe that populism is the reason why Brazil banned gambling websites because in reality, this doesn't solve the problem, it worsens it. In my country, lots of people from Muslim countries come and gamble with millions of dollars, this results in more money in our economy but it's bad for their countries' economies.
By banning 2000 gambling sites, Brazill will lose lots of money. Their citizens will spend money on VPNs and make rich in foreign companies, and then they'll gamble in online casinos, spend money there and make foreign companies rich.
hero member
Activity: 714
Merit: 1298
Looks like the gambling affair overcame  the sticking point in this country. Accordingly, Brazil authority has in the mind the    development of  effective  regulations to permit gambling operations  for the relevant sites. First steps have been done already. According to  Brazil's Ministry of Finance 71 gambling apps from the pertained  companies were cleared up  given companies have to  pay the fee to receive licensees allowing them to proceed further in their online business.
sr. member
Activity: 448
Merit: 691
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After the Brazilian government blocked the websites, I came to test some of the betting sites that were supposedly blocked, and the result is that many are still operating and probably learned from the Twitter ban how to have an online website in a country where there was a ban. I think this block is like trying to cover the sun with a sieve, they will never be able to actually do that.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
But that needs a honest officer who can guard the tax money and distribute for their country.
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.
Yes, many countries have a corrupt officials which needs to discipline or even punished because of their mistake. But that will not easy as they can operate something illegal that other government officers doesn't know. The rule is clear but those corrupt officials know how to find the gap from the law that they already made with other government officials. They know every words from the law so they know how to manipulate it and escape from the law. It needs a clearly sight and the firmness of honest officers to want to enforce the regulations properly. The casino may pay double money for the corrupt officers to hide their illegality.
hero member
Activity: 2940
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....but instead those companies will really be just that paying a small % of the revenue directly into their pockets.
That seems impossible to pull off because, no matter how corrupt a country might be, they still need records showing they’ve collected taxes from the casinos they regulate. The closest scenario would be the casinos paying less tax than the actual amount owed, then bribing corrupt officials to avoid a government audit.

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.

Even if we're against taxation, there's really nothing we can do about it since it's the law. As they say, tax is the lifeblood of a country, and it’s a constant - there’s no country without taxes.
legendary
Activity: 1386
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But that needs a honest officer who can guard the tax money and distribute for their country.

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.
As for paying taxes then there's should really be no exemption when it comes to this because we do know on how big these businesses would really be able to make or simply with the revenue. It will really be just that depending on a certain country if it does have that corrupt officials on which they are really that being let to make those kind of operation on which does have that exemption on paying up on taxes 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.
legendary
Activity: 3080
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But that needs a honest officer who can guard the tax money and distribute for their country.

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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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."
Yes, that is what casino must do if they still want to run their business. Paying tax will be for the business and personal to help country develop better in the future. If that country allow gambling, that will be good for that country because the tax from gambling business can be big than the other businesses. But that needs a honest officer who can guard the tax money and distribute for their country.
member
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Quote
Rio de Janeiro (AFP) – Brazilian authorities on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling.

Source: Brazil ordered the closure of 2000 betting sites
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.

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.

Supporters of the online casinos ban in Brazil believe that it can cause addiction and money problems, especially for young and at-risk groups. The Brazilian government is worried that there are not enough measures in place to stop gambling addiction online, which makes it hard and expensive to regulate.
full member
Activity: 2170
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“FRX: Ferocious Alpha”
This seems to be a great action from new president to take down those who are not serving their government and people in best interest.

Gambling does not helping the country instead this is another way to take lives of the people.

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.
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."
and from the countries that has good government , but if there is abusive then taxes will not be going to the bag of the government instead to the bag of corrupt officials .
legendary
Activity: 3318
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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.
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."
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
The tax for the casinos and the gamblers are different. 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.

I am not too understand about this tax matters as I am not the officers from the government so the tax matters can be different between each countries. If you wants to know more about that, you can visits to the tax government office and asks to the officers about that. The closing of the online sites can be a good way to start controlling the online casinos.
hero member
Activity: 2716
Merit: 904
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.

There are two type of taxes that the casino will have to remit.

1- income tax.. that is their income tax due from their operation, that could be quarterly, semi annual but mostly it's annually.
2- witholding tax ... this is the tax that the casino witheld from the gamblers that wins a significant amount of money, this method is employed to ensure that taxes are remitted as the government doesn't trust the gamblers to declare their winnings.
copper member
Activity: 2422
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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.

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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
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.
hero member
Activity: 2982
Merit: 610
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.
The only way to access blocked casinos is by using a VPN, but any gambler doing so should be aware of the risks. These include potential account closures and, at worst, forfeiting any winnings. I doubt most gamblers would risk that, especially in countries where there are plenty of accessible casinos. In places like this, gamblers can still find what they’re looking for without facing those dangers.

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.

In our country, it’s a different story. They banned certain gambling operators, like POGO, not just for unpaid taxes but because they were using their licenses to scam people and engage in non-gambling-related activities. I’m not sure how it works in other countries, but I agree with you that shady practices are common in this space. That’s a given.
legendary
Activity: 2898
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So anyway, I applied as a merit source :)
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.
legendary
Activity: 3094
Merit: 1127
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.
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.
We do know that in todays technology then it would really be that so hard to stop someone to play gambling. Even if its banned on a certain country but still there's no way that it would really be stopped
if you are really that wanting on playing gambling. We can access gambling sites using up VPN and cant be traced up and with the help of crypto then we would really be able to play without being known
not only on the time or moment that you do comply with some KYC. It will really be that just better that you do really have still that control and moderation despite of having that bypass on playing gambling.
Banning out 2000+ gambling sites does really shows that neither the government is trying to make those illegal to be legal ones via having licenses or simply they wont really be allowing any sites to operate into their vicinity because of possible gambling addiction rate potential problem on which we dont really know on whats the story behind.

It would really be up to someone whether they would be still having that moderation into their gambling activity or not. Banning wont really be completely be able to stop if someone is really that wanting or eager
to play gambling.

legendary
Activity: 3080
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Hhampuz for Campaign management
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.
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.

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