Do you think that casinos would continue to want to operate in Brazil with these taxes? I am assuming that as a result, casinos would offer higher prices on their services as well due to the taxes and would most likely drive away customers. Would this eradicate the gambling sector altogether?
In this case, the casino has a way out. The resource administrators can simply change the jurisdiction to another one, where the tax rate is significantly lower. Today, this is a fairly common practice.
And how did that work for most casinos?
It does work when you deal with small poor countries that can't enforce a thign but piss off France or the Uk and look how things turn out!
We all on this board know who exited the UK a few months ago and doesn't want to play with that kind of fire.
And speaking of playing with fire, any gambler who plays at a casino that is banned in his jurisdiction is just out of his mind, one real KYC request and all his money is lost if he ever wins, and if the casino cheats on you, good luck trying to bring them to court.
If high taxes always lead to black market growth, then the western countries are supposed to have the largest black markets aren't they?
Yeah, what a surprise, the western world with the highest taxes also has the highest collection rates of any tax.
Take a turn to either South Asia or Africa with half the taxes and you see the shadow economy 3-5 tims in size.