Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 07-21-2005, 11:03 AM
randomstumbl randomstumbl is offline
Senior Member
 
Join Date: Feb 2005
Posts: 313
Default Re: NETeller to internet stock broker?

Just to let you know, it sounds like you're asking us how to launder money. That's illegal. So, yeah, don't do that. Taxes really are +EV in the long run.
Reply With Quote
  #2  
Old 07-21-2005, 12:43 PM
Beck Beck is offline
Senior Member
 
Join Date: Jul 2004
Location: Denmark
Posts: 188
Default Re: NETeller to internet stock broker?

Hmmm, OK, I can see how it may appear that way. Not the case, however.

The following is to the best of my knowledge:
There has been a case in Sweden (Lindbergh-case) where the person had withdrawn from the pokersites, and the tax authorities wanted their cut. However it was taken to the EU court, and it was deemed that since it was earned within another EU country (UK) he should not pay taxes in Sweden.
I assume that since Denmark is part of EU too, the same rules would apply.
But according to the Danish tax authorities, you do have to pay taxes of your winnings, regardless. However, they have also stated that they do not want to pursue recreational gamblers. But still if they decide to change that policy, they can always go back 5 years and claim taxes.

So bottom line, no this is not a laundering scheme, but a mixture of waiting for some clear rules, and if in the end I do have to pay taxes, just prolonging the payment, investing them in the meantime (which is normal procedure in Denmark with retirement-savings for instance)
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:23 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.