USA suggests 12% deposit tax on online gambling. Is it better than Gross Gaming Revenue tax? Deposit tax means that by you depositing $100, operators will be called to pay $12 tax. 12% tax on deposits? I am sorry but this is not consistent with the new point of consumption tax methodology of UK, as the representative points out! British themselves are going to tax Gross Gaming Revenue - GGR, which almost every European country does the past few years. Yes, as an online poker player, I would welcome this type of tax, since that leaves the frightening tax per pot out. Still, any imposed tax will eventually hurt the player. Heres my opinion on how any kind of gambling tax affects poker players: jimmakos/2013/10/gambling-tax-quit-online-poker/ However, if youd want to put an online gambling operator out of business, all you had to do is deposit and withdraw all day long, without playing a single game! What would happen if an operator disappoints its customers and turn against it in this way? I first heard the story at Google+ by +CardsChat who shared the details: blog.northjersey/meadowlandsmatters/7075/12-percent-tax-on-online-gaming-proposed-by-washington-state-house-members/ Ill be keeping an eye on the news about the introduced The Internet Gambling Regulation and Tax Enforcement Act of 2013. What do you think of this new gambling tax? Should US imitate Europe and tax GGR or should Europe get rid of that tax and introduce a new simplier deposit tax? #gambling #tax #usa
Posted on: Sat, 16 Nov 2013 04:55:22 +0000