Online poker and tax

messinkiapina

From what I understand any poker winnings are tax free so long as the site operates within Europe?

What about sites like Fulltilt, which operates in Canada I believe? Would I be expected to pay tax on any winnings from this site and others that operate outside europe?

Thanks

Grafter

The within Europe rule only applies to certain countries, not Ireland.

Full Tilt is based in Ireland anyway.

Rb

No taxes on gambling winnings here.

I think the UK are eligble for tax on sites outside the EU, but it doesn't apply here iirc.

shoutman

If you live and play in Ireland you pay tax on nada.

messinkiapina

Sweet. They screw us in tax every other way so I think it's only fair they give us something:)

NeoSlicerZ

Where's iPoker based does anyone know?

Drakar

messinkiapina wrote: »

Sweet. They screw us in tax every other way so I think it's only fair they erroneously dont think we're significant enough to be worth persuing

FYP?

phantom_lord

NeoSlicerZ wrote: »

Where's iPoker based does anyone know?

ipoker itself is based in israel afaik while a lot of the skins are based in malta.

zuroph

NeoSlicerZ wrote: »

Where's iPoker based does anyone know?

Jupiter if my connection is anything to go by.

NickyOD

in before CHD's "ipoker must die" post.

brianmc

In before references to previous tax threadsscandals...












...I think.

Chucky the tree

Grafter wrote: »

The within Europe rule only applies to certain countries, not Ireland.

Full Tilt is based in Ireland anyway.

I pretty sure Full tilt isnt based in Ireland. The compay that does the software is but the license isnt. If the license was based in Ireland they'd have to pay corporation tax on their profits so I'd guess there based in somewhere else.

Treehouse72

No tax to pay + rakeback means you can be totally sh*t at poker and still make a decent living even at the small stakes. And yes, I speak from personal experience - I totally suck and still manage ~ the equivalent of an average Dublin salary. It's really pretty remarkable.

Grafter

Chucky the tree wrote: »

I pretty sure Full tilt isnt based in Ireland. The compay that does the software is but the license isnt. If the license was based in Ireland they'd have to pay corporation tax on their profits so I'd guess there based in somewhere else.

Yep, the License is Aldernay (Channel Islands).

It's one of the Scandie countries that has this Euro company ok tax law and I think, but not sure, that when it was discussed on 2+2 that the conclusion was, somewhat bizarrely, that it's where they do most business out of ie have most staff, not where the licence is.

Alternatively, my pickled brain's making things up again

fatguy

AFAIK iPoker are listed on the London stock exchange, so you could claim any iPoker winnings are from an EU company.

HiCloy

fatguy wrote: »

AFAIK iPoker are listed on the London stock exchange, so you could claim any iPoker winnings are from an EU company.

Yeah their parent company Playtech is