Quote:
Originally Posted by CohibaBehike
taking more money out of the casino profits ='s taking more money from the playahs, DUCY?
However, the apparent tax proposal is 15% from 10% so it is not drastic or mind blowingly bad above the industry standard (which is 10%)
There is no direct linear correlation between raising the business tax on whoever is offering online games and the rake the sites will charge. How much rake the sites can charge is determined by consumer demand.
Is it possible that players will end up paying a large share of the tax through increased rake? Yes
Is it possible that the (theoretically in place) rake was already at or near it's maximum for consumer demand and the sites eat the tax increase cost? Yes
Without empirical evidence it's impossible to know. Simply saying higher business taxes automatically equals higher rake is not true. Therefore, a tax increase on the sites is better than one on the players.
Looking at the evidence coreysteel says exists from stars euro iterations is better than thinking that increased business tax simply means increased rake.