Why paying tax on gambling winnings when government doesn't regulate Gambling? - page 2.

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Quote from: Dr.Bitcoin_Strange on October 25, 2024, 12:44:08 PM

Quote from: taufik123 on October 25, 2024, 11:53:48 AM

But if the casino is not registered and is included in the illegal casino, then there is no way anymore and it is indeed a banned casino.

Yes, if the casino is operating without a license in that country, nothing can be done when the player is scammed or fall victim of frozen account but if it's a licensed casino, there's always a way to report but I think it can be a bit expensive. That's why I am as saying that if the government can just appoint some individuals that can easily handle these kind situation without a serious charge.

But can't that gambler who is scammed by the illegal operating casino tell the authorities that this casino is operating illegally in the country and an action should be taken against them. Even if they are scammed by an online gambling casino that is operating with permission from a country that has not allowed that casino or the license to operate is not obtain, the law enforcement agencies has the tools to dig down the casino owners and held them accountable and responsible. In a nut shell, everything can happen if the government is serious in taking the action on the illegal operated casinos.

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Quote from: taufik123 on October 25, 2024, 11:53:48 AM

But if the casino is not registered and is included in the illegal casino, then there is no way anymore and it is indeed a banned casino.

Yes, if the casino is operating without a license in that country, nothing can be done when the player is scammed or fall victim of frozen account but if it's a licensed casino, there's always a way to report but I think it can be a bit expensive. That's why I am as saying that if the government can just appoint some individuals that can easily handle these kind situation without a serious charge.

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Quote from: ethereumhunter on October 24, 2024, 10:29:59 PM

Quote from: Kavelj22 on October 24, 2024, 10:42:48 AM

This is civilized behavior, to follow the laws and pay your taxes, but I assure you that no one will hesitate to use a guaranteed method to avoid paying taxes to the state. Especially since these solutions exist and are usually used by those who receive small amounts and avoid losing them in the form of taxes. Large amounts can also be split and sold directly as crypto on the black market. In this way, the person will avoid accountability for his activities from the authorities, will not have to pay taxes or bank transfer fees, and will sell the money at the black market price, which is more than the trading price. Don't you think these are not enough temptations for anyone to think about cheating the system?

That is why the government must be strictly when they want to gets taxes from all business in their country and makes sure that no problem will occurs. The citizens will follows the rules and if they can see that their government is honest and clean from corruption, they will no doubt with their government. The big money from taxes is really temptations for anyone especially for those who are in the government because they can make a secret deal with many corrupt officers who commit that. And this also a big and hard work from the clean government to make sure they can works as the plan. If the government can stay away from the corruption, they can use the taxes for many things and that means, the development in their country will be better.

What I want to say is that reality is not as ideal as the law is enforced. The authorities impose taxes on gambling companies to allow them to operate and grant them licenses, which is a logical equation. In return, they require them to provide them with data on the financial activity of their citizens upon request so that they can track what they are doing. Of course, the reason for this is not primarily to protect users, since the authorities will rarely be able to intervene if a problem arises between the casino and the user, but to track their financial activities and impose taxes accordingly. In this case, citizens will always try to find any way to evade these taxes, including using unlicensed platforms or transferring assets through black market transfers.

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Quote from: Jemzx00 on October 25, 2024, 10:53:17 AM

-snip-
One of the reasons why countries allow casinos to run is mainly because of how much they provide and offer to the economics of the country. This is also why taxation on each casinos and it's gamblers are too high especially when the player have won the jackpot.

Regarding taxes that are too high, there has actually been an audit from the government and it is a standard tax that has been charged.
If it is indeed unnatural and too big, then the casino gambling regulation can be questioned, whether it has received an audit from the local government or not, because many rogue casino individuals use taxes as a way to take greater profits from gamblers.

Quote from: Dr.Bitcoin_Strange on October 25, 2024, 11:26:35 AM

Quote from: Nwada001 on October 24, 2024, 05:33:34 PM

Most of the casinos are actually licensed in most countries, but the players might still not get justice for whatever wrong they receive from the casino because they always don't know the right way to follow; they complain everywhere online rather than filing a proper suit with the casino.

I feel that the reason why some of those players end up doing nothing is that they consider the amount of money they will spend to file a case against the casino and also the amount that they have won. If the amount that was won is small, they can just easily let go, but it's very wrong that a country will licence a casino and wouldn't appoint a department to handle such cases.

It's just about the regulation and legality of the casino in the country, if some injustice arises and is detrimental to the player and obviously there are a lot of deductions and things like that or it could be that the account is frozen, you can still report to the designated party so that the casino gets a reprimand.

But if the casino is not registered and is included in the illegal casino, then there is no way anymore and it is indeed a banned casino.

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Quote from: Nwada001 on October 24, 2024, 05:33:34 PM

Most of the casinos are actually licensed in most countries, but the players might still not get justice for whatever wrong they receive from the casino because they always don't know the right way to follow; they complain everywhere online rather than filing a proper suit with the casino.

I feel that the reason why some of those players end up doing nothing is that they consider the amount of money they will spend to file a case against the casino and also the amount that they have won. If the amount that was won is small, they can just easily let go, but it's very wrong that a country will licence a casino and wouldn't appoint a department to handle such cases.

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Quote from: taufik123 on October 25, 2024, 09:58:01 AM

Quote from: vs2014 on October 25, 2024, 09:32:05 AM

To be honest government of any country does not follow all the sectors, they follow the sectors which are doing very well and making a lot of money. The government does not want to participate where the government does not have a profit share. You may know that crypto is not legal in many countries because the government does not get any direct profit from crypto. Gambling and casino platforms are one of the largest and fastest growing industries. But here the government does not get any kind of revenue tax due to which gambling and casinos are not free in many countries. However, the government gets a lot of profit through licensing, which is why it has been released by the government in some countries.

Some countries are not because they don't get a definite profit share,
because Gambling is a very sensitive industry, and this also depends on how the norms are in each country.

Some countries with a Muslim majority will condemn when gambling is legalized, so the government bans gambling.
But maybe some gambling can be circulated because it is illegal and of course there are some people who pass it.

Now the sectors that generate a lot of taxes for the government are cryptocurrencies, although some legality is limited,
but the government still gets income taxes from partners who already manage crypto.

It may vary depending on each country's regulation and implementation, but majority of any country's governments are mostly after the benefits they'll be getting to gambling platforms and casinos. One of the reasons why countries allow casinos to run is mainly because of how much they provide and offer to the economics of the country. This is also why taxation on each casinos and it's gamblers are too high especially when the player have won the jackpot.

There are also a lot of factors that are taken into as there are countries that ban gambling due to its nature and its reputation. Just as you've mentioned, norms, religion and nationality are considered when they've decided to ban gambling even if it can provide a lot when it comes profit.

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Quote from: vs2014 on October 25, 2024, 09:32:05 AM

To be honest government of any country does not follow all the sectors, they follow the sectors which are doing very well and making a lot of money. The government does not want to participate where the government does not have a profit share. You may know that crypto is not legal in many countries because the government does not get any direct profit from crypto. Gambling and casino platforms are one of the largest and fastest growing industries. But here the government does not get any kind of revenue tax due to which gambling and casinos are not free in many countries. However, the government gets a lot of profit through licensing, which is why it has been released by the government in some countries.

Some countries are not because they don't get a definite profit share,
because Gambling is a very sensitive industry, and this also depends on how the norms are in each country.

Some countries with a Muslim majority will condemn when gambling is legalized, so the government bans gambling.
But maybe some gambling can be circulated because it is illegal and of course there are some people who pass it.

Now the sectors that generate a lot of taxes for the government are cryptocurrencies, although some legality is limited,
but the government still gets income taxes from partners who already manage crypto.

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To be honest government of any country does not follow all the sectors, they follow the sectors which are doing very well and making a lot of money. The government does not want to participate where the government does not have a profit share. You may know that crypto is not legal in many countries because the government does not get any direct profit from crypto. Gambling and casino platforms are one of the largest and fastest growing industries. But here the government does not get any kind of revenue tax due to which gambling and casinos are not free in many countries. However, the government gets a lot of profit through licensing, which is why it has been released by the government in some countries.

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Quote from: Oasisman on October 25, 2024, 02:10:16 AM

Government in general doesn't really care about the people though, they only care in implementing taxations and other things that could either generate them money or controlling the people.
I think most governments all over the world are taking advantage of the casinos and all gambling firms already. I always thought that imposing tax towards the casino wouldn't be enough, so what you have said is the perfect example that government/authorities would always find a way to milk money from the people. Not surprising at all lol.

The government's concern also stops at the level of benefits, which means that as long as the people create benefits that the government can benefit from, they will take care of the people in a special way, just like the case of collecting taxes from gambling, the government is seeing the unshared pie, they will deliberately find ways to cut more of the pie for themselves. And there is no opposition here when the casino, the government and the people are all people who calculate the benefits, they know this cake is not easy to eat and need to give it to the government when the boundary of violating the law is easily constituted.

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Quote from: Smartprofit on October 25, 2024, 08:11:30 AM

Yes, many players pay taxes only when playing in licensed legal casinos. In this case, such casinos act as tax agents. Casinos independently withhold income tax from the winnings of players (individuals). Thus, the taxpayer (individual) does not have to pay anything to the budget themselves (the casino should take care of this). This system seems reasonable to me.

They might act that way, but there’s usually a threshold, mostly for big wins. For smaller wins, it’s generally up to the players to report them. But here’s the catch, casinos still report those winnings too, so players really don’t have much choice but to declare, since it’s all on record anyway.

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Quote from: Ojima-ojo on October 23, 2024, 04:15:24 PM

Recently many countries around the world are now introducing gambling taxation on it citizens and even charging betting houses and casino's some amount of money to operate within it jurisdiction, and recently my country just introduced a 5% Revenue sharing and taking from both betting houses and gambler's winning and this news make me to ask why the government takes such money from gambler's but won't protect the gambler when their is troubles with the betting house.

Because we have loads of cases where gambler's win some huge amount of money and the casino refusing to pay and when reported to the authority you here such things like the casino is not licenced by them or they don't have control over the casino case, the government is only interested in the tax and not protecting the interest of it citizens.

Yes, many players pay taxes only when playing in licensed legal casinos. In this case, such casinos act as tax agents. Casinos independently withhold income tax from the winnings of players (individuals). Thus, the taxpayer (individual) does not have to pay anything to the budget themselves (the casino should take care of this). This system seems reasonable to me.

If we are talking about a casino (or a bookmaker's office) that is not legal in a certain country, then players, as a rule, do not pay taxes on their winnings. At the same time, the state does not protect the interests of the player in any way (if they are violated).

Personally, I am a supporter of paying taxes and fees (since they are usually used by governments for useful purposes, for example, for purposes related to the social protection of the population).

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Quote from: cryptomaniac_xxx on October 23, 2024, 05:30:09 PM

So it's very tricky for us, demanding taxes from gamblers and then at the end of it, there will be no government protection at all.

Then do the obvious, change the laws!
Why do people keep complaining and generalizing like this the absolute truth?

Dutch court rules Entain and Flutter must return player losses
1xBet group declared bankrupt by Dutch Supreme Court
Unibet must refund € 676,225 to Dutch player
Online gambler wins court case to claim £1.7m prize after Betfred refused to pay

and I could post hundreds of cases, not to mention the others that don't make it in the news because the sums are too small for an article.
Stop using unregistered and unlicensed casinos that have no legal basis to operate in the country first!

Quote from: Doan9269 on October 24, 2024, 03:17:15 PM

When it comes to regulations, government cannot regulate and be in everywhere to ensure all other things concerning gambling were well regulated,

Simple, don't play in an unregulated casino, every single country has a list of licensed operators, so stick with them and keep your money safe, if you see a casino getting banned in a country and you use a VPN to access it only to lose funds in a scam then who would be to blame, the government?

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Quote from: Oasisman on October 25, 2024, 02:10:16 AM

Government in general doesn't really care about the people though, they only care in implementing taxations and other things that could either generate them money or controlling the people.

Did you read the OP? Why should someone be using a site that does not have a license that is not able to pay a gambler the money he won. We should use a license gambling site

Quote from: Oasisman on October 25, 2024, 02:10:16 AM

I think most governments all over the world are taking advantage of the casinos and all gambling firms already.

The government are not taking advantage of the casino. All businesses must pay tax. But it is true that gamblers should not pay gambling tax because they can also lose the money and the government will not pay them anything. But how many gamblers are truly paying the tax? Most gamblers are paying nothing.

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Quote from: Oasisman on October 25, 2024, 02:10:16 AM

Government in general doesn't really care about the people though, they only care in implementing taxations and other things that could either generate them money or controlling the people.
I think most governments all over the world are taking advantage of the casinos and all gambling firms already. I always thought that imposing tax towards the casino wouldn't be enough, so what you have said is the perfect example that government/authorities would always find a way to milk money from the people. Not surprising at all lol.

The government should starts to more cares to their people so they can use money from the tax to develop their country. Not to mention for the corrupt government officials who use that money from tax for their own. That makes their people can not see the development because no money distribute to solve the problem that the government face. It never enough to imposing tax to all business not just for the casino but to all businesses if that is only for the corrupt government because the money will not be given to the country but for them. But if the government can use the money from tax to the developing of their country, that will gives the opportunity to have a better conditions.

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Quote from: Oasisman on October 25, 2024, 02:10:16 AM

Government in general doesn't really care about the people though, they only care in implementing taxations and other things that could either generate them money or controlling the people.
I think most governments all over the world are taking advantage of the casinos and all gambling firms already. I always thought that imposing tax towards the casino wouldn't be enough, so what you have said is the perfect example that government/authorities would always find a way to milk money from the people. Not surprising at all lol.

Yes they usually only care when something they are dealing with has the potential to benefit them in any scenario but that doesn't mean they want to deal with the various problems experienced by someone like a gambler, and of course in general it can be said that it is unfair to society, and maybe that's why most people are reluctant to obey the rules implemented by the government. Pretending to be at the forefront but when there is a problem they disappear as if they don't want to interfere with the problem that occurs and even when you tell the government in the hope that they can solve the problem you are experiencing you will find a situation where the government asks for some money as a fee if your problem is to be solved.

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Government in general doesn't really care about the people though, they only care in implementing taxations and other things that could either generate them money or controlling the people.
I think most governments all over the world are taking advantage of the casinos and all gambling firms already. I always thought that imposing tax towards the casino wouldn't be enough, so what you have said is the perfect example that government/authorities would always find a way to milk money from the people. Not surprising at all lol.

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Quote from: Kavelj22 on October 24, 2024, 10:42:48 AM

This is civilized behavior, to follow the laws and pay your taxes, but I assure you that no one will hesitate to use a guaranteed method to avoid paying taxes to the state. Especially since these solutions exist and are usually used by those who receive small amounts and avoid losing them in the form of taxes. Large amounts can also be split and sold directly as crypto on the black market. In this way, the person will avoid accountability for his activities from the authorities, will not have to pay taxes or bank transfer fees, and will sell the money at the black market price, which is more than the trading price. Don't you think these are not enough temptations for anyone to think about cheating the system?

That is why the government must be strictly when they want to gets taxes from all business in their country and makes sure that no problem will occurs. The citizens will follows the rules and if they can see that their government is honest and clean from corruption, they will no doubt with their government. The big money from taxes is really temptations for anyone especially for those who are in the government because they can make a secret deal with many corrupt officers who commit that. And this also a big and hard work from the clean government to make sure they can works as the plan. If the government can stay away from the corruption, they can use the taxes for many things and that means, the development in their country will be better.

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Quote from: Dr.Bitcoin_Strange on October 24, 2024, 12:29:46 PM

On this forum, some accusations of casino not paying players have been rectified and some cases are majorly the fault of the players and not the casino.

Yeah, some cases are the fault of the gamblers who accuse the casino wrongly, while in some cases the casino is at fault as they don't fine it conducive to paying out winning all the time. Let's use 1Xbit, the known scam casino in this forum.

Quote

I believe that if any casino is licensed in a country, the right authority will assist the player to fight the casino if maybe the player have actually won a huge amount and the casino refuses to pay him but some online casino are operating without obtaining license from some country that there gateway is allowed.

Most of the casinos are actually licensed in most countries, but the players might still not get justice for whatever wrong they receive from the casino because they always don't know the right way to follow; they complain everywhere online rather than filing a proper suit with the casino.

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Quote from: Ojima-ojo on October 23, 2024, 04:15:24 PM

and recently my country just introduced a 5% Revenue sharing and taking from both betting houses and gambler's winning

It must be a friendly country to gambling, because where I live the thieves from the government are going to charge 15% on prizes won by gamblers at betting apps. Of course they just want to grab money, without giving any assistance or support in any issues faced by gamblers. After all they are just going to tell gamblers to play responsively and that they are playing at their own risk. All this talk about regulations is bullshit. It's just an excuse to extort money from businesses and gamblers to fulfill the government's pockets.

This industry was really good in the beginning, when no one cared about regulations. Now if you want to gamble you have to get concerned about losing money to the government besides losing money to the casino. Harsh truth is that in the end both of them profit, while you lose...

Moreover, where must the government be going to apply the funds they are raising through betting taxation?

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Quote from: Ojima-ojo on October 23, 2024, 04:15:24 PM

:://::

It's the same old thing... it depends, it's easy to say the casino doesn't pay, it's also easy to say 5% but in some places they charge up to 60% of the winnings, besides as in other countries it's 0%.

As for them paying, if a casino operates in your jurisdiction you can sue, the issue is how much money you won and how much a lawyer charges you, the government has nothing to do with the issue of: "they paid you; yes, no", the government should allow the judicial status to apply.

Topic: Why paying tax on gambling winnings when government doesn't regulate Gambling? - page 2. (Read 1040 times)