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-   -   The tax question - cashing out poker money in Norway (http://archives2.twoplustwo.com/showthread.php?t=227772)

madman1980 04-07-2005 11:08 AM

The tax question - cashing out poker money in Norway
 
Say I want to withdraw $40k from a poker account. The money is won in cashgames, so no single win of more than 10000NOK, which means no tax IIRC. I want most of the money in my bank account. What would be the wisest way to do it?

Is cheque a good alternative? It seems to have the lowest cost in terms of fees. But I'm sceptical to walking into a local bank with a cheque like that. I imagine they will put me on some list of "suspects", and I imagine that the police will be notified too.

I guess there is the same risk with a regular bank transfer too.

Neteller cashout is both expensive (currency exchange fee) and impractical (cash..).

Does anyone have experience with this? And is there any precautions I should take?

Duckstabber 04-07-2005 11:21 AM

Re: The tax question - cashing out poker money in Norway
 
Maybe this thread answers your question:

http://forumserver.twoplustwo.com/sh...=1#Post2095832

madman1980 04-08-2005 08:17 AM

Re: The tax question - cashing out poker money in Norway
 
That's a very good thread, but unfortunately it doesn't answer the specifics about norwegian autorities and tax.


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