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As the saying goes, Death and Taxes are the only certainties in life, so I find it interesting that the most recent challenge to the infamous UIGEA law in the US aims at convincing US lawmakers that a regulated and open online gaming industry stands to bring a boom in government tax revenues. “Before us is a tremendous opportunity to protect US consumers and recoup billions of dollars that should be collected by the Internal Revenue Service,” said Congressman Jim McDermott of his new Internet Gambling Regulation and Tax Enforcement Act proposal. “These are revenues that are desperately needed, given that we are at war and face difficulty financing the nation’s priorities.” ‘Given that we [US] are at war’… Wasn’t UIGEA supposed to be an effort to thwart terrorists from accessing a valuable source of funding? Is America now going to let potential terrorist fundraisers operate online gambling so they can tax them to pay for the war that is meant to be destroying terrorism? Things must be looking pretty bad on the ol’ fiscal front in the US if this is the argument being used to persuade lawmakers to get rid of UIGEA. In my opinion, the only valid reason for jettisoning UIGEA is that it is the fair and honest thing to do if the US claims it is a free market society. If the US government gets to tax online bingo operators and online bingo halls by getting rid of UIGEA, I have no problem with that. It works in the regulated UK bingo online industry and everywhere else that is enlightened enough to see the sense of this. However, I feel a little uneasy that free online bingo operators may eventually be able to re-enter the US market, only to find that they are being taxed to fund a dubious quagmire. Written by John Witherspoon – How about playing bingo online? The best free online bingo games are just one click away. Leave a ReplyYou must be logged in to post a comment. |
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