Casino Talks

Posted by: eek at March 1, 2002, 1:48 pm

Topic: regulation vs irs Forum: Winner Online

If online US regulated casinos did have tax slapped on them then it would be deducted at source. So an overseas player would get for example, 90 out of every 100 bucks (with a 10% flat rate). US citizens would maybe be able to withdraw gross ($100) if they were properly registered with the casino.
The losers would be the cowboys in the biz.
I wouldn't like to pay tax, but it might be the price for properly regulated casinos and gambling software.

just a thought.

eek

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