Quote:
Originally Posted by SkillVsLuckK
Hello everyone. Here in Greece for the last 6-7 years there is a peculiar tax system with pokerstars. Everyday pokerstars deducts 20% of daily profit. This daily deduction is huge (can lead to 50-60% tax on year basis), so pokerstars created a gap for greek players- they make it tax-free if you win less than 100 euros. So basically every player registers to future tournaments and everyday shows only 100E profit. Next day the same.
Why am I telling you this: For the last 1-2 years I couldnt enjoy any of the leaderboards or challenge prizes that regular players did, and the only excuse I found from Pokerstars was "Greece is not in the list of countries that benefit from the leaderboards". Due to the fact that these leaderboards where scarce I didnt really asked for more.
But now pokerstars starts giving rakeback again (up to 65%), and as I found out again I cannot get the montly rakeback because I am from Greece. This is Hugely unegual for me this time, because it is almost certain that due to the rise at rakeback regulars will play more in chasing their monthly challenge and EV is going to drop by a lot.
So players from Greece are going to see their EV drop a lot, and at the same time receiving no rakeback.
Please is anyone here from an other country facing the same problem? Does anyone knows more about the case?
Thanks a lot
PS didn't create the 100 euro daily tax free loophole. The Greek government did and players with some help from Stars is taking full advantage of it.
The lack of extra rakeback isn't due to any specific regulatory rule, but to higher taxes demanded by Greek legislation. As is the case with these things, the costs are passed to the consumer.
You can still get 25% rakeback, which is less than the 35% that you probably can take advantage of unless you put in Supernova ELite volume in which case, yes, you are losing the chance for 65% rakeback. But in that case, moving abroad becomes an option worthy of consideration.