The Brazilian Institute of responsible games (IBJR) argues against raising taxes on sports betting, saying it will create a “non -sustainable” scenario.
Speaking in a public hearing in the Joint Senate Committee, IBJR CEO, Fernando Vieira, has I spoke for a temporary measure It would increase taxes on sports betting. He and IBJR said that such a procedure can “destroy an organized market and push millions of bets into illegality.”
“There is a perception that the betting sector can pay the Brazil bills alone. This is unrealistic,” he said. “The joint revenues of the largest five Brazilian companies are about 50 times the full revenue for the licensed betting market. This is not proportional and complete violation of confidence in the organizer, given that the market has been organized only eight months ago.”
Vieira continued to refute the claims that betting companies pay only 12 % of taxes, claiming that with all consumption taxes, companies often pay up to 28 % with temporary procedure and more than 40 % with tax repair.
“This scenario is not sustainable,” added. “On the contrary: it undermines legal operators and enhances the underground market.”
Instead of taxes, focus on illegal markets
Instead, Vieira said that the administration should focus on processing Illegal gamblingInstead of focusing on those companies already Commitment to regulations Paying taxes legally. As, the underground market already represents up to 51 % of the gambling in Brazil.
“The most effective way to increase revenue is to combat illegal gambling, not strangling those who are organized and taxes,” Vieira said. “People will not stop gambling, but in the underground sector, there are no rules, no audits, no protection. Increasing external factors, and the consumer is the person who loses.
“Our appeal is clear: the solution lies in combating illegality, unifying the organized market, collecting revenues efficiently, and protecting gamblers.”
Distinctive image: IBJR
Pamphlet The Brazilian Institute of responsible games opposes raising taxes on sports betting First appear on reading.
[og_img]
Source link