{"id":273223,"date":"2020-10-28T06:37:53","date_gmt":"2020-10-28T10:37:53","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=273223"},"modified":"2020-10-28T06:37:53","modified_gmt":"2020-10-28T10:37:53","slug":"online-betting-taxes-eyed-to-fund-covid-19-response","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/10\/28\/online-betting-taxes-eyed-to-fund-covid-19-response\/","title":{"rendered":"Online betting taxes eyed to fund Covid-19 response"},"content":{"rendered":"
\"\"<\/a>
Albay Rep. Joey Salceda filed House Bill No. 7919, which proposes to impose a tax regime on offsite betting activities on locally licensed games to clarify the national government\u2019s share of their revenues and to ensure that the government can look into their operations. (File Photo<\/a>: Joey Sarte Salceda\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 A lawmaker at the House of Representatives on Wednesday pushed for the creation of a fiscal regime for electronic sabong (cockfighting) and other legally-operated online betting activities to raise more revenues for the government\u2019s coronavirus disease (Covid-19) response.<\/p>\n

Albay Rep. Joey Salceda filed House Bill No. 7919, which proposes to impose a tax regime on offsite betting activities on locally licensed games to clarify the national government\u2019s share of their revenues and to ensure that the government can look into their operations.<\/p>\n

\u201cThe operations are already legal, by virtue of local ordinances, but the electronic aspect of it is a legal gray area. Because of the ambiguity, we are unable to levy national taxes on these activities or look into their operations. My bill addresses that concern,\u201d Salceda said.<\/p>\n

Under the bill, the proposed tax shall be 5 percent of gross revenues derived from offsite betting activities on locally licensed games, and shall not be in lieu of taxes required by the local government units, and regulatory fees and charges imposed by government agencies.<\/p>\n

Salceda noted that this provision is consistent with the bill\u2019s intention not to overstep the authority of the local government units.<\/p>\n

The bill shall also empower the Bureau of Internal Revenue (BIR) to accredit and inspect totalizators and other gambling devices used in the collection, consolidation, and recording of wagers made in offsite betting activities on locally licensed games to establish transparency and accountability in these activities.<\/p>\n

Gaming operators of the regulated activities shall be required to specify \u201cOffsite Betting Activities on Locally Licensed Games\u201d in disclosures and documentations required by the BIR and other regulatory government agencies and instrumentalities.<\/p>\n

\u201cThis measure is consistent with my view that all gambling activities that the law allows should be highly beneficial to the government\u2019s fiscal position. Otherwise, what is the point of allowing them?\u201d Salceda said.<\/p>\n

Salceda noted that added regulatory oversight requirements will help the government rein in these activities whenever necessary.<\/p>\n

\u201cNandyan na \u2018yan<\/em>. Legal\u00a0na sa maraming bayan. Pakinabangan na \u2018lang natin dahil kailangan ng gobyerno ng pondo para labanan ang<\/em>\u00a0Covid-19.\u00a0At lagyan ng<\/em>\u00a0safeguards,\u00a0para kayang bantayan ng gobyerno<\/em>\u00a0(It is already there. It is already legal in several cities. We should just benefit from it because the government needs funds to fight Covid-19. There should also be safeguards so that the government can monitor it),\u201d he said.<\/p>\n

Salceda argued that without a national government share and without national government regulations, it\u2019s a \u201cfree-for-all\u201d at the local level.<\/p>\n

\u201cThat\u2019s never good when you\u2019re talking about gaming, an activity with valid public concerns.\u201d Salceda said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 A lawmaker at the House of Representatives on Wednesday pushed for the creation of a fiscal regime for electronic …<\/p>\n","protected":false},"author":44,"featured_media":89810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-273223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/273223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=273223"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/273223\/revisions"}],"predecessor-version":[{"id":273226,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/273223\/revisions\/273226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/89810"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=273223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=273223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=273223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}