Argentinian poker. With the approved income taxes in the Chamber of Deputies, online poker could come to an end, as consequence of the approved tax of 2.5% for each bet made in the country.
Reducing tax revenues by raising the non-taxable minimum (and less taxing citizens) makes the expected tax cost sharper, so new taxes or increases must be used in the existing taxes for the 2017 budget. Making a transfer between smaller money Raised by earnings of wage earners that is supplied by a higher levy in taxes to the game.
The fragment that indicates this budgetary compensation in the laws of Argentina, is the following: "... By the machines was replaced by an increase to the profits of the games of chance of 35 to the 41.5 percent and it was established that the games of Chance will pay 0.75% per bet and online 2.5% ".
Each bet made at an Argentine online poker table could have in addition to the rake of the room an additional cost of 2.5%.
What generates an increase in the costs for the players and the low profitability that this represents to the players, will begin to leave the online gambling halls, diminishing the margin of gain of the same ones. Therefore, the elasticity of this market must be analyzed correctly.
The law was approved and will take effect from 2017
