Why Gambling Winnings Shouldn’t be Taxed

Laws around tax on earnings from gambling are complex. It differs from one country to another so it’s important that residents do their own research to find out what is the law in their own country. As biased as we may be, we strongly think that it is wrong to tax gambling winnings and will explain why in this post.

Difficult to Regulate

The first challenge a state has is regulating and monitoring people who gamble. It’s a huge admin burden on individual citizens to document and record any winnings they may get from online bonuses Malaysia. Realistically, how can governments expect citizens to treat a fun past-time so strictly? Furthermore, people are often in company or drinking alcohol when they gamble so to expect them to keep detailed records is silly. Continue reading