{"id":133,"date":"2024-06-15T11:13:50","date_gmt":"2024-06-15T08:13:50","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/15\/argentina-hikes-taxes-on-online-gambling-to-5-in-bid-to-boost-revenue\/"},"modified":"2024-06-15T11:13:50","modified_gmt":"2024-06-15T08:13:50","slug":"argentina-hikes-taxes-on-online-gambling-to-5-in-bid-to-boost-revenue","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/15\/argentina-hikes-taxes-on-online-gambling-to-5-in-bid-to-boost-revenue\/","title":{"rendered":"Argentina Hikes Taxes on Online Gambling to 5% in Bid to Boost Revenue"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/wNJeFPb8MJ8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The South American nation of Argentina is escalating its attempts to capitalize on the surge in internet betting.  The administration recently revealed a substantial levy increase on all digital gambling dealings, boosting the rate from a paltry 2% to a much more substantial 5%.  This action is a component of a broader plan by Argentina&#8217;s Finance Minister, Mart\u00edn Guzm\u00e1n, to reinforce the national coffers and secure a larger portion of the projected $2.4 billion produced yearly by the country&#8217;s mostly unsupervised internet gaming sector.<\/p>\n<p>The updated taxation structure will direct the majority of the proceeds, a considerable 95%, straight to Argentina&#8217;s regional governments.  To maintain oversight of online wagering actions, the government is authorizing itself entry to financial institution data and invoicing details.  The state-controlled telecommunications enterprise, Arsat, will similarly participate in supervising internet gambling activities.<\/p>\n<p>This clampdown on unregulated internet betting arises as individual provinces inside Argentina are striving to establish their own regulatory structures.  Certain provinces are choosing interim solutions, while others, such as Buenos Aires, have already implemented extensive regulations for internet gaming. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South American nation of Argentina is escalating its attempts to capitalize on the surge in internet betting. The administration recently revealed a substantial levy increase on all digital gambling dealings, boosting the rate from a paltry 2% to a much more substantial 5%. This action is a component of a broader plan by Argentina&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Argentina Ups the Ante: 5% Tax on Online Betting<\/title>\n<meta name=\"description\" content=\"Feeling lucky? 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