Post
Topic
Board Gambling discussion
Re: Why paying tax on gambling winnings when government doesn't regulate Gambling?
by
Davidvictorson
on 24/10/2024, 16:06:01 UTC
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.
I have no problem with taxation on gambling businesses. They owe it to the government and the government in turn owes it to her citizens to ensure that the taxes are use for civil good. This is the premise on which I believe that there should be taxation on gambling businesses. Also just like the case in brasil, taxing gambling businesses also have other positive benefits too such as those illegal gambling businesses will move out of the country. Those illegal gambling businesses are the places that encourages underaged gambling. If we look at it another way, we'd see that the governemnt is using taxation as regulation and the indirect effect is that illegal gamling will reduce and in turn a decrease in gambling addiction.