Taxing Online Casinos for Economic Benefit
May 15th, 2010Author: Paul Greefin
KPMG is an accounting and advisory group around the world struggling for better regulation of the gambling industry.
The group claims that an increase in taxes with online casinos, e.g., would bring a country more revenue. Thus, the Australian government states that their industry will grow by 42% in the next two years what leads to $30 billion in revenue growth. Another example is China and Korea. Both countries have bans on online gambling, and both are fighting against underground online casinos, many of which are scams. So, regulation of online casino gambling industry there would help their economies and generate more jobs for their population.
May 24th, 2010 at 10:39 pm
I don’t think it will be much longer till the U.S. Follows some of these other countries. The claim to have such high moral fiber but when it comes down to it if the goverment can get a piece they want the whole thing. Especially in their current economic crisis.