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Topic: Why paying tax on gambling winnings when government doesn't regulate Gambling? - page 5. (Read 1040 times)

hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
5% tax rate is very fair considering what the tax rate in my country and for the house it's from their profits not the revenue right? Which is common because government collect tax from everything and that's how they generate revenue for their country to fund the war. Cheesy

Even if the casino you're playing is not registered in your country still they have all the right to collect taxes from the players because you're gambling from that country but the only concern in they don't consider the loss when it comes to taxation which kind of bothers me, if they let the users to deduct taxes for their loss then it could save tons money.
sr. member
Activity: 1362
Merit: 258
Vave.com - Crypto Casino
pay taxes on gambling winnings, pay taxes when trading crypto, when reporting losses or being cheated on the two cases above, the government seems not to want to bother, so here it can be seen that the government only wants its citizens to obey the taxes they make because as we know casinos and crypto they do not legalize but provide input for the country, where crypto and casinos provide many financial opportunities for the country and for owners and users can not move on the grounds of obeying the rules
legendary
Activity: 1750
Merit: 1329
Top Crypto Casino
At the first place the casino before makes a run in a business into the particular part of the country they need to show up their license because we know how does the gambling casino earned and of course the government like them because they are one of the biggest tax contributors now if you are wondering how to protect the citizens theres still a law to them like data privacy act and consumers act it depends on the country if im not mistaken theres a small claims can be in the law if the player cant pay the debt on the casino.Casino just have the service to operate but i guess still its user accountability of excessive gambling addiction
full member
Activity: 350
Merit: 128
99% of government demand towards taxation shows they have zero or no interest, taxing individually is something I still don’t get despite a win. Gambling regulation or problem should be solved within if the casino knows what’s right meanwhile cheating can be implemented so in situations like this such person needs help and I agree with op. Paying tax still guarantee something in return or else why demanding for tax, in general not just gambling rather other fields still face same issue.

In the same general terms, taxation is designed for institutions and individuals who have revenues of incomes that's why the poor and the jobless people are not taxed.
For the government taxing the house edge is okay because it's ideals a resource of incomes but what about the gamblers whose loosing possibilities is over 99%? I don't think it's necessary laying taxes on bettors because their one time winning could be their lucky day out of multiple looses that's not even boost enough to recover their losses.
That's purely extortion of the governments
legendary
Activity: 2128
Merit: 1775
Why paying tax on gambling winnings when government doesn't regulate Gambling?
That question, only they know......!
countries, governments and illegal places are part of third parties, gambling, discos, miners, brothels and other illegal places, this has been going on for a long time from century to century and until now it is still illegal and taxes continue as they are now.

Indeed, in some countries the gambling industry is illegal and some is legal, we are not talking about legal, let's say countries where it is illegal, the fact is that the tax revenue that is paid to the government is more fixed over time and the largest number of industries is illegal, rather than legal ones, for another reason, even though the government does not play a role in controlling gambling directly, they do have a role in it, may not be publicly visible but they are in the gambling department, certainly a major role in those who have power in the country.

Just say in my country, gambling is illegal on the grounds that it violates religious morals, but taxes are still enforced.
For example:
 
Quote
The government in the 2024 RAPBN stated that the gross gambling revenue (GGR) tax is proposed to increase from the current rate of 18% to 22%. Gambling tax rates are currently deemed to need to increase because they have been in effect since 2019.

The government takes the middle path, taxes are taken, online gambling can be accessed and played, it is seen in public as illegal to keep the anti-gambling public unrest, perhaps so.
hero member
Activity: 2660
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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.


Maybe I could have a different view about this because I know that when it comes to gambling winnings especially physical gambling, it doesn't give problem for winners to be credited. Except it is online casinos that could be a problem if they are not real but as to getting paid by physical gambling stores, I don't think they have such issue of payment to customers.

However, government don't need to only collect tax without taking care of the money for building infrastructure and grow the economy. Taxing isn't bad but it is what is done with the proceed of the collection that is the challenge.

Usually, a corrupt system will always be adamant to issues of complaints because institutions that will take care of regulation board could be biase to take up issues.
hero member
Activity: 2954
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Of course, the government does not report on where it has spent the money from taxes paid by gamblers. But in general, it is clear that this improves the infrastructure in cities, roads and other things. But it would be wiser to send a quarter of these taxes to treat those who suffer from ludomania, so that the players do not completely ruin their lives. They cannot be left to their own devices, especially after their loved ones and society have turned away from them. It may even be necessary to resort to harsh methods to control their bank accounts and prohibit registration at all gambling establishments in the country. In any case, this is a deeper question than I am trying to reveal and there are many subtleties.

I doubt the government will invest a lot in that. Maybe they'll set up a few rehab centers for gambling addicts, but that’s probably it. They wouldn’t want to build too many because it looks bad...more rehab centers mean more gambling addiction, and the easiest way to address that is just banning gambling altogether. Plus, taxing gambling winnings is already one way to discourage people from going too deep. When they realize how much they're losing, it might help them see gambling as just a fun activity to do in moderation.

The reality is, if there are strict gambling regulations in a country, you can't really avoid paying taxes. Most accounts are KYC verified, and casinos are required to report winners to regulators for checks. If we don't pay, they’ll catch it, and we could get charged for evading taxes. The system’s built that way- they're smart about it, and if we want to keep gambling without hassle, we have to pay what's due.
legendary
Activity: 1596
Merit: 1183
I know this is a bitter pill 💊 to swallow but Sometimes taxation is used as a tool to deter and protect citizens from such vices because the government treasures it's human resource to remain in good health  and be productive.

So the fact that they are applying tax to gambling could mean this industry is regulated one way or another, and the best way to find this information is to see how brick and mortar casinos operate and the relationship they have with the government.

So whatever is going on here, just know the government has your best interests  Tongue
Of course, the government does not report on where it has spent the money from taxes paid by gamblers. But in general, it is clear that this improves the infrastructure in cities, roads and other things. But it would be wiser to send a quarter of these taxes to treat those who suffer from ludomania, so that the players do not completely ruin their lives. They cannot be left to their own devices, especially after their loved ones and society have turned away from them. It may even be necessary to resort to harsh methods to control their bank accounts and prohibit registration at all gambling establishments in the country. In any case, this is a deeper question than I am trying to reveal and there are many subtleties.
hero member
Activity: 980
Merit: 585
Leading Crypto Sports Betting & Casino Platform

Anyone who has a case with a casino and the casino is licensed, I believe the person is not just supposed to relay on the government, but they can get their own lawyer and file lawsuits against the casino, as there have been cases of gamblers winning from such a case.

You're right the government are just after what they will benefits from it's citizens leaving the fact that they are supposed to provide the initial needs of the citizens as pertaining social amenities and other things as well, so for me I don't think any citizen of any country should pay taxation fees of any sorts to the government in the aspects of gambling, since they don't regulate gambling in so many countries I don't see a reason why the need to pay up tax should be brought up.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
I know this is a bitter pill 💊 to swallow but Sometimes taxation is used as a tool to deter and protect citizens from such vices because the government treasures it's human resource to remain in good health  and be productive.

So the fact that they are applying tax to gambling could mean this industry is regulated one way or another, and the best way to find this information is to see how brick and mortar casinos operate and the relationship they have with the government.

So whatever is going on here, just know the government has your best interests  Tongue
sr. member
Activity: 812
Merit: 315
Vave.com - Crypto Casino
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.
I get your point if this statement remains valid.
It is quite baffling when the government could ask for % out on bettors winnings and does not care how much you keep loosing. Why not them also ask for % at every lost so we would assume we are being taxed for Playing gamble as not taxed on basically winning.

Anyways, let me break the silence about casinos and being licenced. I think the government constitutes the commissions that authorizes the casinos issuing them with licenses for legal operations and any gambling house operating without obtaining its license is assumed to operate illegal.

Technically I believe there are government operatives accessible to internally supervise the casinos and they instructs the casinos not to cheat in their bet houses and also then the casinos adopted the moderations of bettors to gamble responsibly which we now enjoys today as warnings, creating awarenesses and the gambling therapist.


The reason why many gamblers are avoiding KYC on casinos is privacy right? If anyone now pass KYC and wins some jackpot, but the casino refuses to pay up, then you can call for help? I think is depends entirely on which country we are talking about, my government will eat you alive and pretend as if they are helping, the funny thing is casinos are directly taxed, but they wanted more thats why they come up with taxing the players too.

This is crazy, normally casinos should be responsible for tax payments, not the gamblers, but the government likes benefitting out of the crowd, once they find out that too many people are into something they will want to introduce tax, they already did with crypto in my country.

This is also why decentralized casinos will never work, they could have been the solution to all these nonsense.
sr. member
Activity: 546
Merit: 265
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.
I get your point if this statement remains valid.
It is quite baffling when the government could ask for % out on bettors winnings and does not care how much you keep loosing. Why not them also ask for % at every lost so we would assume we are being taxed for Playing gamble as not taxed on basically winning.

Anyways, let me break the silence about casinos and being licenced. I think the government constitutes the commissions that authorizes the casinos issuing them with licenses for legal operations and any gambling house operating without obtaining its license is assumed to operate illegal.

Technically I believe there are government operatives accessible to internally supervise the casinos and they instructs the casinos not to cheat in their bet houses and also then the casinos adopted the moderations of bettors to gamble responsibly which we now enjoys today as warnings, creating awarenesses and the gambling therapist.
hero member
Activity: 2520
Merit: 783
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.

Because the love of money. They actually like to get something from institutions even if there's no regulation implemented and once they are done milking off those casino and see a lot of bad effect also other negative things that already need to take action then this is when they implement those potential bans of casino. We see this many times happen and I don't get any surprise towards their taxation announcement since they somehow acknowledge the big money they can take from those casinos they are monitoring.

With those cases you just stated here better gamble only on casino which have solid license we can go after with them if there's certain issues happened. Also always remember that we should only deal with the amount we can afford to lose since everything in online doesn't have any assurance.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The thing is the government wants to have that for fills their reserve of funds and used for developing the country. They need to take the taxes from the business and people who involved in gambling industry. So that will not surprise if the government ask the winners to pay taxes.

The regulator should help gamblers who win if they get a problem from the casino that don't want to pay them. But we don't know what is behind that because the scenario is the casino can bribe the corrupt officers to protect their business and if anyone wants to take the win money, the casino will not gives them. And the corrupt officers will not do something with that case. It depends on the country situation because if the officers cares with their citizen, they will help those who wins to solve their problem. That is just my guess.
sr. member
Activity: 2436
Merit: 455
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.

It's on you if you're going to bet or play in a casino that's is not regulated by your Government, your winnings would only go in vain.

If you're a gambler for a very long time, for sure you know the risk of playing in an unregulated casinos, compare to the regulated one. To solve your problem, why not just play on the regulated one to lessen the problem you're going to encounter in the future. And regarding about the taxation, I believe it's pretty normal especially most of the Government required tax especially to anything that generates a lot of money for them to get "benefits" on it not mentioning the Government are full of corrupt politicians.
hero member
Activity: 2926
Merit: 567
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.

If you're talking about online casinos and the government has no jurisdiction, then there's really nothing they can do, but if its local, then its questionable and illegal. The government should have jurisdiction, and the platform is operating illegally. All I know is that no local company can operate without a government license; the government will always tax or find ways to tax every industry and company.
If the gambling platform is running illegally, then its your call not to play in such casino, you can always charge them in court if the government failed to take action if its a local gambling platform.
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
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.
Government don't give a damn about where the business you do is registered. All they care about is if you made money within the country. Most companies that offer remote jobs are not registered in my country, but we still pay taxes to the government. If you investigate the tax system of the government, you will see that they are not supposed to collect tax from so much income we get because they don't support or even protect their citizens. That's why gamblers should only choose reputable casinos because the crypto gambling Industry is not properly regulated.
hero member
Activity: 2716
Merit: 904
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.

I think you missed the point of what the regulators were saying. Yes, gambling winnings are taxed, but those taxes only apply to winnings from licensed casinos. When you pay taxes, you also need to declare where you won, so playing at an unlicensed casino can land you in trouble.

You're actually lucky regulators haven't investigated you yet. If the law is strictly enforced, betting on an unlicensed casino could lead to penalties. Simple rule: if gambling is taxed in your country, it means licensed casinos are regulated. So if you want to stay safe and avoid any legal trouble, stick to gambling at licensed casinos.
hero member
Activity: 1372
Merit: 502
Leading Crypto Sports Betting & Casino Platform
All money coming into the country is beneficial to the government. The taxes that the state collects from players and directly from gambling establishments replenish the treasury. Control of financial flows will be the primary reason for introducing taxes so that there is no outflow of large amounts of money from the country, and do not be deceived by the idea that the government is only concerned with protecting players; everything that brings profit to the treasury always comes first.
Taxes from gambling should be able to provide significant economic benefits for the country to be used for its citizens, because indeed this revenue should be used to fund various social programs, infrastructure, and other public services, but it is also important for us to ensure that the gambling regulations implemented are strict enough to protect the public from the potential dangers of gambling, such as addiction,  fraud and other financial problems that arise due to gambling, I think the government must balance between earning income and protecting its citizens, so what you are accusing at least does not happen, of course this can be done by implementing policies that ensure gambling is carried out responsibly, such as age limits, awareness campaigns, and providing a special place for rehabilitation from gambling addiction,  I think, important for the government can minimize the occurrence of corruption which will only benefit some parties from the implementation of the gambling tax, so that taxes derived from gambling can actually be more beneficial for the community.
legendary
Activity: 2072
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All money coming into the country is beneficial to the government. The taxes that the state collects from players and directly from gambling establishments replenish the treasury. Control of financial flows will be the primary reason for introducing taxes so that there is no outflow of large amounts of money from the country, and do not be deceived by the idea that the government is only concerned with protecting players; everything that brings profit to the treasury always comes first.
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