1. #1
    mikel45
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    In some countries, bettors don'y pay taxes

    In Spain bets are taxed just as a money that you win from job.
    But i was told that in UK...NOĦĦ

    How is this possible?
    The question is.... why do you pay taes if you work and no if you bet? Bet should be considerated as a job.

  2. #2
    MaddyMax
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    are you trying to run up your post count?

  3. #3
    jjgold
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    United States you don't pay taxes either especially sports betting

  4. #4
    Optional
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    Quote Originally Posted by mikel45 View Post
    In Spain bets are taxed just as a money that you win from job.
    But i was told that in UK...NOĦĦ

    How is this possible?
    The question is.... why do you pay taes if you work and no if you bet? Bet should be considerated as a job.
    In most countries bookmakers are licensed to offer gambling products that are basically games of chance. The logic is that your chance of losing is greater than your chance of winning so it should not be taxed as earned income unless you are a 'professional'.

    Plus the bookmakers are taxed on the bet money as turnover, which effectively means that money has been taxed once. What Spain and others do by taxing is effectively double taxation, which is morally/legally questionable really.

    It's more normal for end user gambling activity to not be taxed around the world.

  5. #5
    lom bylyri
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    Do they have medications in Spain ?
    If so, are they all close to or past the expiration date ?

  6. #6
    DiggityDaggityDo
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    Quote Originally Posted by lom bylyri View Post
    Do they have medications in Spain ?
    If so, are they all close to or past the expiration date ?

  7. #7
    SoCal_Bookie
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    I don't either

  8. #8
    mikel45
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    Quote Originally Posted by lom bylyri View Post
    Do they have medications in Spain ?
    If so, are they all close to or past the expiration date ?
    we don't have medication because a english pirate ship stealed them

  9. #9
    mikel45
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    Quote Originally Posted by Optional View Post
    In most countries bookmakers are licensed to offer gambling products that are basically games of chance. The logic is that your chance of losing is greater than your chance of winning so it should not be taxed as earned income unless you are a 'professional'.
    Plus the bookmakers are taxed on the bet money as turnover, which effectively means that money has been taxed once. What Spain and others do by taxing is effectively double taxation, which is morally/legally questionable really.

    It's more normal for end user gambling activity to not be taxed around the world.
    here double taxation is breaking the sector. people ho play poker have moved. Daniel Lacalle (spanish economist living in London) always says that in UK business pay less taxes and so UK goes better than Spain. Here we have about 2 million of lazy people that don't want to work and they want their SUBSIDY

  10. #10
    stackz125
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    In Canada we don't pay taxes on gambling... just saying

  11. #11
    JS41
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    In Mexico, Land based players some times pay taxes as high as 7%, (dependent on the state they are betting in), on their profit from Sports bets, as well as net casino winning, (from machines)... Online is a different story depending on who the operator is.

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