What's the best country to live for online gamblers

[yanksfan]

Anyone have a sister i can marry in Canada?

[OmgUrMom]

no but i have a grandma

[Scorpion]

Canada always copies the US
Forget Canada, no neteller, gambling is ok now but 5 years from now who knows
I would say UK(maybe Costa Rica, cheaper too), so many big books, all pussies but have too much influence on lawmakers, no need to worry

[Dirty Sanchez]

Nah...Dublin is the place...if you don't feel like going on-line you can just head down to Paddy's on the corner....nothing better than trying to double your lunch money the wife gives you.

[yanksfan]

Canada always copies the US
Forget Canada, no neteller, gambling is ok now but 5 years from now who knows
I would say UK(maybe Costa Rica, cheaper too), so many big books, all pussies but have too much influence on lawmakers, no need to worry

So you think the gambling situation is more stable in England as less likely to change because of the power of the large books? makes sense because Canada doesnt have any powerful books.

[rm18]

Not Costa Rica for sure because they will not let you play at the Costa Rican books

[stevek173]

If you were born a US citizen the IRS will still expect you to pay taxes on your winnings regardless of what else you do. True story.

[Doug]

If you were born a US citizen the IRS will still expect you to pay taxes on your winnings regardless of what else you do. True story.

not if you leave the country forever and become a citizen of another country.

I call BS on this, Steve,

[yanksfan]

not if you leave the country forever and become a citizen of another country.

I call BS on this, Steve,

Of course its bs if you leave the US....but i'm thinking about duel citizenship and i may have a problem.

[forsberg21]

Canada always copies the US Forget Canada, no neteller, gambling is ok now but 5 years from now who knows I would say UK(maybe Costa Rica, cheaper too), so many big books, all pussies but have too much influence on lawmakers, no need to worry

Nah I don't think so on this one. There's no indication that the Canadian government has any ambitions of restricting online gambling. The worst that has happened is that a few banks no longer allow credit card deposits into gamblings sites. But, that's probably strictly a business decisiondue to people racking up huge debts and filing not paying, and not the government. Of course things can always change, but things seem stable.

No way it ever gets regulated in the UK though. When I was in England, they had Will Hill and Ladbrokes shops everywhere. These books have waaaay too much power to let themselves get regulated by the government. The lobbyists would be marching towards the Parliament Buildings by the thousands.

[poochiecollins]

If you were born a US citizen the IRS will still expect you to pay taxes on your winnings regardless of what else you do. True story.

not if you leave the country forever and become a citizen of another country. I call BS on this, Steve,

I believe the U.S. gov. will try to tax you if you averaged some figure that's a little over $100k/year over the past five years or you're worth some figure a little over $500k, though that last one might have been raised appreciably. Marriage might make that moot, don't remember. Google about tax expatriates and/or talk to a professional.

[Slim]

Kuwait is nice. No income tax and the gas is practically free over there are good reasons to live there.

[stevek173]

Thought I heard that somewhere viable. I am no expert by any means.

[Stallion]

Europe
Canada
Austrailia

[billyloco]

SOOOOOOO TRUE!!!!!

[shari91]

I believe the U.S. gov. will try to tax you if you averaged some figure that's a little over $100k/year over the past five years or you're worth some figure a little over $500k, though that last one might have been raised appreciably. Marriage might make that moot, don't remember. Google about tax expatriates and/or talk to a professional.

I'm a Canadian and American citizen and have not paid taxes to either the CRA or IRS in almost 6 years. Mind you I've never made the amount poochie quoted from gambling but my net worth in each country is somewhat higher than the figure he listed. Keep in mind too that the Australian Tax Office links with the IRS and they cross check income tax returns of those who fall into my category (a citizen of one country, a legal resident of another). It is all dependent on where you maintain legal residency for that taxation year. Or at least that's what my Accountant has always asserted and I've never been pulled up for anything as of yet.

[yanksfan]

I'm a Canadian and American citizen and have not paid taxes to either the CRA or IRS in almost 6 years. Mind you I've never made the amount poochie quoted from gambling but my net worth in each country is somewhat higher than the figure he listed. Keep in mind too that the Australian Tax Office links with the IRS and they cross check income tax returns of those who fall into my category (a citizen of one country, a legal resident of another). It is all dependent on where you maintain legal residency for that taxation year. Or at least that's what my Accountant has always asserted and I've never been pulled up for anything as of yet.

Do you get the impression that the current state of online gaming will stay the same in Australia for a while?

[shari91]

Do you get the impression that the current state of online gaming will stay the same in Australia for a while?

100%, without a doubt. I've lived both here and the UK and I'd say both countries are pretty much even as far as the level of fanaticism people have when it comes to gambling. Not only are there several Aussie online books but they have betting counters in pubs here - there's no hope of them cracking down on something that generates so much income for the country on so many levels.

[yanksfan]

100%, without a doubt. I've lived both here and the UK and I'd say both countries are pretty much even as far as the level of fanaticism people have when it comes to gambling. Not only are there several Aussie online books but they have betting counters in pubs here - there's no hope of them cracking down on something that generates so much income for the country on so many levels.

And I'm sure it doesn't carry the same stigma as it does in the USA. My best friends mom pretty much implied that I'm scum for gambling sports....it would be cool to people if i bet poker but i dont.....sick of hiding it from everyone because i dont have any moral qualms about it.

[Karayilan9]

So you think the gambling situation is more stable in England as less likely to change because of the power of the large books? makes sense because Canada doesnt have any powerful books.

Books have been running here since before anybody on the forum was born, for example Ladbrokes was founded in the 1800's. The industry isn't viewed as some shady, undercover, will they won't they pay type operations.

Its all legal, regulated and no tax, even the Queen has a bet.

[cala56]

I live in argentina, and never pay anything for winings

[magynuck]

Canada does not tax recreational gambling winnings but if you do it in a systematic and organized
manner (professionally?) then you must declare it as income. That being said, even though they
have tried Revenue Canada has never successfully gone after someone to collect taxes on gambling
winnings to my knowledge.

[chilidog]

not if you leave the country forever and become a citizen of another country.

I call BS on this, Steve,

As long as you maintain your US citizenship, you are liable for US taxes, regardless of where you live. Even if you get citizenship in another country, you must pay this taxes. The only legal way out of this is to renounce your US citizenship, and even then, if the IRS decides that you renouncing your citizenship in order to avoid paying US income taxes, you can still be liable for taxes for up to 10 years after you renounce your US citizenship.

However, as long as you maintain residency in another country, and only stay in the US for less than 2 weeks out of the year, you are eligible for an $80,000 tax credit. You still must file your taxes to get this credit, though.

[Pokerjoe]

Australia possible too.

Getting citizenship legally won't be super EZ in another country, unless you have significant money.

If you have a million, you are pretty good to go.

Wait, you mean all those countries condeming us for having immigration laws ... have immigration laws?

[Pokerjoe]

As long as you maintain your US citizenship, you are liable for US taxes, regardless of where you live. Even if you get citizenship in another country, you must pay this taxes. The only legal way out of this is to renounce your US citizenship, and even then, if the IRS decides that you renouncing your citizenship in order to avoid paying US income taxes, you can still be liable for taxes for up to 10 years after you renounce your US citizenship.

However, as long as you maintain residency in another country, and only stay in the US for less than 2 weeks out of the year, you are eligible for an $80,000 tax credit. You still must file your taxes to get this credit, though.

Credit is not the right word--you don't get 80k off your taxes--but, whatever, this is post is right. Your first 80k earned overseas is untaxed is what the chilidog means.