Taxes on gambling send the right message? - page 8.

Botnake

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Quote from: pawanjain on July 22, 2021, 11:41:17 AM

Quote from: btc78 on July 21, 2021, 06:45:58 AM

Quote from: Kong Hey Pakboy on July 21, 2021, 04:49:57 AM

There's nothing wrong with high taxation of this business, I mean don't they make a lot of money so I think that it's fair that they pay a large amount of money to give back to the community.

But the main concern is that Who will suffer? isn't the Gamblers? Will the operators/owner of gambling site/Businesses suffer from this taxation increase?

Actually the site has no even problem on that because in the end it is the Players will take care of everything.

So this is a Win Win solution on their side , They have followed what governments given on them yet they also covered the taxations .

It's always the middle class people who get affected the most when the governments impose any kind of taxation.
That's what is happening here as well. The gambling operators don't pay taxes out of their pockets but instead they pay it from the profits they make out of their businesses.
If their business is generating less profits due to high taxation they probably increase their charges/costs/commission to make it even.
Eventually it's the gamblers who have to suffer in the end.

That's right, it's always the end-user or consumer that will suffer in high taxes in real life, in gambling, I don't know if increasing the charges and other fees would help especially if there's a healthy competition in the area, maybe gambling operators just have to focus on increasing their number of gamblers by being aggressive with the promotion or advertisement so they'll be able to increase their revenue as well.

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Quote from: paxmao on July 14, 2021, 06:37:29 PM

However, other countries simply set high taxes to these activities, which I think is a false morality, as if by paying these activities can be less questionable. (Note: I personally do not question regulated gambling).

The "sin tax" is a pretty common way to profit from behavior you would like to curb as a government. I actually think it's a good way to handle the situation. Rather than force your citizens to do thinks "underground" and risk their safety engaging in business with possibly unscrupulous characters, they just have to pay insane taxes. This also probably helps the losers a bit, as they can at least get a decent tax break for a run of bad luck. In the US, some states have some pretty crazy sin taxes on alcohol and tobacco that make it difficult for some people to engage in those activities.

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Quote from: pawanjain on July 22, 2021, 11:41:17 AM

It's always the middle class people who get affected the most when the governments impose any kind of taxation.

I think the middle class are not affected too much by chances join taxation. The lower class that is closely to Middle class but still lack of several more things to join the middle class, would be affected the most.

Quote

That's what is happening here as well. The gambling operators don't pay taxes out of their pockets but instead they pay it from the profits they make out of their businesses.
If their business is generating less profits due to high taxation they probably increase their charges/costs/commission to make it even.
Eventually it's the gamblers who have to suffer in the end.

Companies have to survive and gain beneficiaries from their operations. If they can not survive with completion from opponents. If they can not get beneficiaries and only get loses from their operations, they will close their services. To save money for their own pockets, rather than spend it for non-profitable services and cost of many sort of operations.

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Quote from: btc78 on July 21, 2021, 06:45:58 AM

Quote from: Kong Hey Pakboy on July 21, 2021, 04:49:57 AM

There's nothing wrong with high taxation of this business, I mean don't they make a lot of money so I think that it's fair that they pay a large amount of money to give back to the community.

But the main concern is that Who will suffer? isn't the Gamblers? Will the operators/owner of gambling site/Businesses suffer from this taxation increase?

Actually the site has no even problem on that because in the end it is the Players will take care of everything.

So this is a Win Win solution on their side , They have followed what governments given on them yet they also covered the taxations .

It's always the middle class people who get affected the most when the governments impose any kind of taxation.
That's what is happening here as well. The gambling operators don't pay taxes out of their pockets but instead they pay it from the profits they make out of their businesses.
If their business is generating less profits due to high taxation they probably increase their charges/costs/commission to make it even.
Eventually it's the gamblers who have to suffer in the end.

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Quote from: stadus on July 22, 2021, 09:59:59 AM

Quote from: Quidat on July 21, 2021, 04:59:53 PM

Tax is the blood of the economy and its just normal that government would really imposing those taxes for that sake and this is where progress all depends on to those someone who had
sit on the peak or government itself on how they would use it well because the progress of a certain country would really depend on how its been handled.

Tax is a lifeblood of the economy and it's necessary that every business will operate legally so the government will benefit through taxes, however, the government should be fair implementing taxes, they should not discourage the business owners to operate, instead, help them to grow their business.

For me, it's not wise to increase taxes to discourage the business from operating, the simple solution is to not allow them to operate.

All your statements are true only on one condition - if the country where such taxes exist is not a corrupt country! Because in that case, the taxes will be directed not in the right direction, but to the enrichment of various officials... Which ultimately has a very negative effect on business...

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Quote from: Quidat on July 21, 2021, 04:59:53 PM

Tax is the blood of the economy and its just normal that government would really imposing those taxes for that sake and this is where progress all depends on to those someone who had
sit on the peak or government itself on how they would use it well because the progress of a certain country would really depend on how its been handled.

Tax is a lifeblood of the economy and it's necessary that every business will operate legally so the government will benefit through taxes, however, the government should be fair implementing taxes, they should not discourage the business owners to operate, instead, help them to grow their business.

For me, it's not wise to increase taxes to discourage the business from operating, the simple solution is to not allow them to operate.

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Quote from: YuginKadoya on July 21, 2021, 01:39:21 PM

Quote from: Silberman on July 21, 2021, 12:07:06 PM

Quote from: Ryker1 on July 18, 2021, 04:47:55 PM

Quote from: Silberman on July 18, 2021, 11:20:40 AM

You are right on the sense that taxes can be used in this way, low or no taxes to encourage something and high taxes to discourage certain behaviors, I have no doubt that many politicians see it this way which is why things like alcohol and gambling have such high taxes, but even then I have no doubts there are many politicians that do not really care and are using this as nothing more but a justification to keep raising taxes to those industries.

Well, I agree with the discouraging part and thinking that it is right. I also noticed in my country that they seem implemented a law to raise it high the taxes on the tobacco industry, we know that it is not good health and many manufacturers would suffer and becomes losing interest if they will put high taxes. The same story on gambling, if they will put a high taxes many of the owners will also discourage and do not continue their business until they will stop, now it makes sense to me why they had high taxes.

And I understand this as well because this is present all over the economy, people complain about the rich receiving a lot of tax incentives but since they are the ones with the capital and they are the ones that generate the most jobs then it makes sense that governments cater to them so they can attract investors to their countries and improve their economies, which is why the concept of trying to tax the rich to oblivion is never going to work.

The Economy of a country will surely thrive with given taxes, we can say that there will be no government at all if there is no one paying their taxes, so in doing so I guess it is ok for me to get certain taxes to increase to some product that is nonessential, and products that may cause harm to the body or doesn't really good and healthy for your body, these given taxes sometimes is OK with the owners of that gambling casino, because they know they would surely get it back with the gamblers that are playing, right now even though it is still pandemic, Casino's are open and people can surely bet and gamble to their heart's content, as long as the safety protocol is monitored, well in some countries.

Tax is the blood of the economy and its just normal that government would really imposing those taxes for that sake and this is where progress all depends on to those someone who had
sit on the peak or government itself on how they would use it well because the progress of a certain country would really depend on how its been handled.
Since gambling businesses are making big revenue then its just normal that they would really be asking for such businesses and when it comes to percentage then
it might be possibly be higher too.

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Quote from: Silberman on July 21, 2021, 12:07:06 PM

Quote from: Ryker1 on July 18, 2021, 04:47:55 PM

Quote from: Silberman on July 18, 2021, 11:20:40 AM

You are right on the sense that taxes can be used in this way, low or no taxes to encourage something and high taxes to discourage certain behaviors, I have no doubt that many politicians see it this way which is why things like alcohol and gambling have such high taxes, but even then I have no doubts there are many politicians that do not really care and are using this as nothing more but a justification to keep raising taxes to those industries.

Well, I agree with the discouraging part and thinking that it is right. I also noticed in my country that they seem implemented a law to raise it high the taxes on the tobacco industry, we know that it is not good health and many manufacturers would suffer and becomes losing interest if they will put high taxes. The same story on gambling, if they will put a high taxes many of the owners will also discourage and do not continue their business until they will stop, now it makes sense to me why they had high taxes.

And I understand this as well because this is present all over the economy, people complain about the rich receiving a lot of tax incentives but since they are the ones with the capital and they are the ones that generate the most jobs then it makes sense that governments cater to them so they can attract investors to their countries and improve their economies, which is why the concept of trying to tax the rich to oblivion is never going to work.

Taxation is never the solution. If you tax riches they will leave the country with their fortunes, if you tax gambling industry people will play at illegal casinos, if you tax tobacco industry people will buy it from a smuggler, if you tax income, goods and services people will buy less, impacting jobs generation negatively and consequently the whole national economy.
Taxes should be used to finance only basic needs like health and security, so they could be minimized to not harm the individuals of a society very much like we see right now. The point is that there are many people who live from these taxes (public employees) + benefits the state guarantees to them because the law forces to, so in no way they want to decrease them. So the rest of the society have to pay for it.

People nowadays think they are too smart for having the called democracy, but it works like any other system where few are on the top and most at the base of the pyramid must maintain their luxurious lives.

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Quote from: Silberman on July 21, 2021, 12:07:06 PM

Quote from: Ryker1 on July 18, 2021, 04:47:55 PM

Quote from: Silberman on July 18, 2021, 11:20:40 AM

You are right on the sense that taxes can be used in this way, low or no taxes to encourage something and high taxes to discourage certain behaviors, I have no doubt that many politicians see it this way which is why things like alcohol and gambling have such high taxes, but even then I have no doubts there are many politicians that do not really care and are using this as nothing more but a justification to keep raising taxes to those industries.

Well, I agree with the discouraging part and thinking that it is right. I also noticed in my country that they seem implemented a law to raise it high the taxes on the tobacco industry, we know that it is not good health and many manufacturers would suffer and becomes losing interest if they will put high taxes. The same story on gambling, if they will put a high taxes many of the owners will also discourage and do not continue their business until they will stop, now it makes sense to me why they had high taxes.

And I understand this as well because this is present all over the economy, people complain about the rich receiving a lot of tax incentives but since they are the ones with the capital and they are the ones that generate the most jobs then it makes sense that governments cater to them so they can attract investors to their countries and improve their economies, which is why the concept of trying to tax the rich to oblivion is never going to work.

The Economy of a country will surely thrive with given taxes, we can say that there will be no government at all if there is no one paying their taxes, so in doing so I guess it is ok for me to get certain taxes to increase to some product that is nonessential, and products that may cause harm to the body or doesn't really good and healthy for your body, these given taxes sometimes is OK with the owners of that gambling casino, because they know they would surely get it back with the gamblers that are playing, right now even though it is still pandemic, Casino's are open and people can surely bet and gamble to their heart's content, as long as the safety protocol is monitored, well in some countries.

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Quote from: Ryker1 on July 18, 2021, 04:47:55 PM

Quote from: Silberman on July 18, 2021, 11:20:40 AM

You are right on the sense that taxes can be used in this way, low or no taxes to encourage something and high taxes to discourage certain behaviors, I have no doubt that many politicians see it this way which is why things like alcohol and gambling have such high taxes, but even then I have no doubts there are many politicians that do not really care and are using this as nothing more but a justification to keep raising taxes to those industries.

Well, I agree with the discouraging part and thinking that it is right. I also noticed in my country that they seem implemented a law to raise it high the taxes on the tobacco industry, we know that it is not good health and many manufacturers would suffer and becomes losing interest if they will put high taxes. The same story on gambling, if they will put a high taxes many of the owners will also discourage and do not continue their business until they will stop, now it makes sense to me why they had high taxes.

And I understand this as well because this is present all over the economy, people complain about the rich receiving a lot of tax incentives but since they are the ones with the capital and they are the ones that generate the most jobs then it makes sense that governments cater to them so they can attract investors to their countries and improve their economies, which is why the concept of trying to tax the rich to oblivion is never going to work.

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Quote from: Kong Hey Pakboy on July 21, 2021, 04:49:57 AM

There's nothing wrong with high taxation of this business, I mean don't they make a lot of money so I think that it's fair that they pay a large amount of money to give back to the community.

But the main concern is that Who will suffer? isn't the Gamblers? Will the operators/owner of gambling site/Businesses suffer from this taxation increase?

Actually the site has no even problem on that because in the end it is the Players will take care of everything.

So this is a Win Win solution on their side , They have followed what governments given on them yet they also covered the taxations .

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Quote from: Pamadar on July 20, 2021, 04:48:00 AM

Quote from: Obito on July 20, 2021, 01:27:03 AM

~snip

They will in the other side but as a good advertisement to bring to the notice of the public,

I mean those business owners can extend that help in promote their business they can extend hands just to gather interest from the public, safe and almost free advertisement that will generate more potential prospects to use their services, as long as they can gained those owners will adjust but if they see nothing in returned better not expect from them to take part. That's how greed those people are!

The problem is that businesses limit their help when they do this kind of thing, they care more about not putting out much money into helping people, they want their profit as much as possible untouched.

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There's nothing wrong with high taxation of this business, I mean don't they make a lot of money so I think that it's fair that they pay a large amount of money to give back to the community.

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Quote from: Obito on July 20, 2021, 01:27:03 AM

That depends on the ethics and moral compass of the businessman I mean most businessman are greedy right? So there's an unlikely chance that they are going to be giving back to their community.

Yes, the businessman is greedy but not all of them are greedy.
Some of them will have good ethics and morals and will not do that action.
That will be symbiosis mutualism between them and it is like take and give back to their community.

Quote from: Lorence.xD on July 20, 2021, 02:11:46 AM

Exactly, that's why they are immune almost to paying taxes, they secretly instill their politician friends in position of great power and leverage because they want to make sure that they have favours that they can utilize when needed.

That is why they seem too strong to breakable, but it is just a matter of time to separate each other and give them trouble because of what they did.
The clean government and officers will not stay quiet to see that and investigate until they can prove what they did wrong.
It is more effort to drag them out from the dark place and punish the dirty politicians and business owners who commit a crime.

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Quote from: agustina2 on July 20, 2021, 07:34:47 PM

Quote from: mv1986 on July 20, 2021, 02:32:36 PM

What I still don't get is aren't all these gambling companies set up in a way such that they pay low taxes anyway?

There's a fixed tax rate for that. But the government saw that the gambling industry is heavily operational and demand during pandemic, in most parts of the globe, so they take advantage of it by imposing an additional tax. Not really a problem for gambling operators as long as it was reasonable to impose and have a legal basis for it to take action.

Wrong term using mate Government did not take advantage but they have just implementing what they can afford to earn as if they did not then Only Gambling operators will benefit from it?
understand what i mean there ?
the government must make good profit from it because they spent tons of money from the pandemic support.

Quote

Once the country finally recovers its former economic state before the pandemic, there should be a discussion for another tax adjustment pointing to gambling.

There is no need,and instead Taxation in gambling Must be brought much high because this is a Billion market that only pays small taxation when legal business pays more, specially SInTax from the alcohol , cigarettes and fatty/salty/sweet products do.

aioc

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Quote from: paxmao on July 14, 2021, 06:37:29 PM

I was thinking that many countries are reluctant to legalise certain activities such as gambling, prostitution, smoking, ... and, apart from countries that have strong social and religious restrictions (I refer to those as the death-by-boredom countries) others simply consider than the state should not profit or allow activities that are considered diminishing for the workers or that may harm their health and personal relations (it must be difficult to be an addict to gambling or a prostitute and have a normal life).

However, other countries simply set high taxes to these activities, which I think is a false morality, as if by paying these activities can be less questionable. (Note: I personally do not question regulated gambling).

I don't think they are putting huge taxes just to discourage people from gambling, studies show that people who frequently gamble will continue to gamble at whatever cost even if they are living hundreds of miles away from casinos, they will always find ways to play in a casino, for relaxing pleasures or profits, they want to experience the feeling and the atmosphere of being in a casino at whatever cost.

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Quote from: agustina2 on July 20, 2021, 07:34:47 PM

Quote from: mv1986 on July 20, 2021, 02:32:36 PM

What I still don't get is aren't all these gambling companies set up in a way such that they pay low taxes anyway?

There's a fixed tax rate for that. But the government saw that the gambling industry is heavily operational and demand during pandemic, in most parts of the globe, so they take advantage of it by imposing an additional tax. Not really a problem for gambling operators as long as it was reasonable to impose and have a legal basis for it to take action.

Once the country finally recovers its former economic state before the pandemic, there should be a discussion for another tax adjustment pointing to gambling.

But what happens if they locate a main office for an online casino in Panama or Cayman Island or Cyprus/Malta? The taxes are crazy good there. I understand the problem with physical casinos, but often times when you check out where those casinos are registered, it's very often one of these countries. Sure if the taxes are applied to the gamblers, that is indeed bad, but if they do that they also have to allow players to deduct losses or not? That's how I know it and that is the reason why governments usually refrain from imposing taxes on the players themselves.

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Quote from: mv1986 on July 20, 2021, 02:32:36 PM

What I still don't get is aren't all these gambling companies set up in a way such that they pay low taxes anyway?

There's a fixed tax rate for that. But the government saw that the gambling industry is heavily operational and demand during pandemic, in most parts of the globe, so they take advantage of it by imposing an additional tax. Not really a problem for gambling operators as long as it was reasonable to impose and have a legal basis for it to take action.

Once the country finally recovers its former economic state before the pandemic, there should be a discussion for another tax adjustment pointing to gambling.

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Quote from: Botnake on July 20, 2021, 04:55:03 PM

Quote from: KTChampions on July 20, 2021, 04:41:30 PM

Quote from: robelneo on July 19, 2021, 01:20:42 AM

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

I think that no matter how much money you have, it is unpleasant to pay unreasonable taxes and if we are talking about rich people, they will not pay them since they have the opportunity to play anywhere in any country. Therefore, it turns out that taxes work mainly against ordinary people. This is bad especially when you consider that big wins are rare in casinos.

It starts with how the tax is computed, if in the first place the taxes are already unreasonable, then, we can assume that this is anti-poor taxes, which means taxes are implemented to discourage the poor or may people with regular jobs to gambling as they'll pay high taxes which would only make them lose more money. There are a lot of countries that do not implement taxes on gamblers, but despite that, there are still a lot of losers and casinos are operating profitably.

When a gambling company would be taxed out then the additional cost or expense will really be applied into its users or clients itself but i dont see for it to be that much giving off the difference
because it would really be just minimal or wont really be a bothersome at all.Depending on how high the percentage that they do set in but i dont really believe that they would really
be giving unreasonable percentage and for sure there would be some appeal or arguments if it turns out to be like that, they should be at least reasonable.

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In countries where gambling is seen as a form of sinful indulgence, we will definitely see them barring any form of it and disallowing such activities from being made within their territory. There's just no question at that. For others, they can impose these humungous tax percentages to at least make it so that these gamblers are still part of the society to say the least and is helping the economy in a way that they can easily see. Regardless of whether the tax is imposed to offer false sense of morality or not, one can't deny that given that their government is just and is not a big fat corruption den, then they would be able to enjoy their taxes in multitudes of ways.

Quote from: Kittygalore on July 20, 2021, 04:19:18 AM

These activities have a lot of constant customer so I think that taxation at the highest number is justified because the government wants to take a dip on this activities if they know that it can make a lot of money.

To push gamblers into higher taxation percentage in hopes of keeping them out of gambling seems a bit paradoxical or ironic. Since these gamblers wouldn't care much about the tax imposition in the first place anyway. So I don't see how a high tax imposition on gambling activities will really kill gambling for that particular country. If I may have missed something please enlighten me.

Topic: Taxes on gambling send the right message? - page 8. (Read 3461 times)