Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Poker Discussion > Poker Legislation
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #16  
Old 11-25-2007, 06:11 PM
Richas Richas is offline
Senior Member
 
Join Date: Feb 2006
Location: On the learning curve
Posts: 484
Default Re: Regulating online poker and sites by \"taxing\" the rake?

The UK system is 15% of the sites gross profit to the taxman and no income tax. Even this is relatively unattractive to major sites (bookmakers have the same deal).

Someone said gambling should be treated as Income for Tax, many other places don't see it this way they take the money from the site and ignore the punter,

Shifting the tax with no increased rake to the site might help winning players and make little difference to losing players but it would hurt the sites at 50%, shoot 15% hurts. Plus it would never be competitive internationally and differentiated rakes/tax by nationality could not be WTO compliant.

IMHO a bit of a no hoper - go for a UK system and make clear the 15% of gross is more than the income tax on the few winers.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 11:36 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.