Friday, November 7, 2014

Greece Going After Online Gambling Tax Evaders



Greece
Greece
It happens in every country on the planet. People win money playing at online casinos, after which in preference to claiming that cash and paying taxes, the winners operate under the belief they don't have to pay at the gambling earnings. In just about all cases, that is an incorrect assumption.

Greece is beginning to crack down on gamblers who don't pay taxes on their Internet winnings. The federal government has arrange a police task force by which the sloe intention is to search out and target online casino tax evaders. this can be a trend that has many residents concerned.

"Why now are they beginning to go after this money," said one online gambler who wished to stay anonymous. "IT COULD seem that folks has been doing this for years, not paying taxes on gambling winnings, but only now do they go after these people?"

The issue in Greece runs much deeper than simply the gaming industry. The federal government is aiming at a rise in transparency, and a part of that transparency is ensuring that everybody is paying taxes at the income they're bringing in. Online casino winnings fall into the class of income.

Other countries have tried to police this manner of income before, most notably the U.S.. While the rustic is currently prohibiting their residents from playing poker online, the IRS claims that any winnings from online poker must be reported.

It is a catch twenty-two for online gamblers within the country. On one hand, they're being told to stick off their computers and instead gamble in land-based casinos. At the other hand, in the event that they do wander directly to their computers and win while playing at a web based poker site, the federal government wants them to pay as though the winnings were income.

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