What do you think ?
This is too much for common sense, i think. I mean that this point
"“Excise duty on betting at 20% of the amount will be wagered,”" is beyond good and evil. In all normal countries casino pay tax for their income and in some EU countries gambler pays VAT from what he
won. Not from total wager amount, this would be too stupid.
We all know that it's still from the gamblers' money that betting companies pays their workers, ads placement and other expenses that is being made. By imposing such a strict and exorbitant tax rate is detrimental to betting companies and also the gamblers because the companies will also look for ways to maximize their profits in order to balance their projection.
Yes mate your right because all the gambling companies generate their funds through their platform and it's the same place they extract money for payment of their work, so if government is demanding for tax, i hope government is right to request for their tax because betting gambling companies are making money excessively, the gain their making is higher than their lost.