Post
Topic
Board Gambling discussion
Re: Why paying tax on gambling winnings when government doesn't regulate Gambling?
by
South Park
on 24/10/2024, 20:34:03 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.


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.
That is just the way things are, in theory you should report any income you get no matter how small, or at least that is the case where I live, so even if you received a small cash gift from one of your family members, this is money that should be reported to your tax authorities, which is completely crazy I know, but that is the way the law is written, then it is obvious that politicians only care about extracting the most resources they can out of you, without offering you services in return according to the amount you pay.