Is anyone worried about the money they have in offshore sportsbooks? Whats going to happen on December 1st? Will we be able to withdrawal?
Money
- Thread starter Lemonwedger
- Start date
Isn't that when the banks are responsible for policing themselves? I assume we are going to have a hard time depositing checks from offshore books.... Am I wrong???
you`re right,boss...i took it out...don`t want to stir that hornets nest up(in general) again...
:shrug: my bad..enjoy your trip...
This has pissed me off the last 3 years. Reason a lot of poker sites left the U.S.
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just to be clear..the president has the power to review and overturn this bill...he didn`t...all lip service...
"Congress will need to pass this bill quickly in order to give President Elect Barrack Obama's administration the power to review any of these issues when it comes into power next week.
Even so, there's no guarantee that the UIGEA would be one of the items scrutinized, despite the controversy surrounding it."
Do you know what you're even talking about? This was back in Sept '06..repubs snuck it into a bill that was gonna pass no matter what. Was considered too important not to before they recessed. UIGEA been delayed and trying to delay it another year, but if they don't, it could make it harder yet. This is the whole thing that started all this BS with payment processors and everything else. Not sure what you are even saying or know?
read em and weep...
http://www.pokerlistings.com/ag-nominee-intends-to-enforce-uigea-34896
in case you weren`t aware..eric holder was confirmed as atty general...
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read the link posted above. no shot at enforcing this. plus, your link was january 20th.
all i was saying is(as i posted above),the camel`s nose is under the tent....
healthcare legislation is putting a bug in our legislator`s drawers and giving them reason to take it as far as they can....
in other words,MONEY for big government programs......
http://ggbmagazine.com/issue/vol-8-...-uigea-enforcement-looms-legislation-advances
important blurb from the link..
""Another of its institutions, the California Bank And Trust, warned its customers that it would "not process transactions derived from internet bets or wagers" and did not distinguish between incoming and outgoing transactions.
The enforcement rules follow a ruling by the Third Circuit Court of Appeals in Philadelphia that upheld UIGEA.
Meanwhile, a campaign launched by the Safe and Secure Internet Gambling Initiative suggested that the U.S. could pay for some of its more pressing needs-including the controversial health-care initiative-by legalizing, regulating and taxing online gaming.
Ads put together by the organization claimed that as much as $62.7 billion in new revenues could be garnered for the federal government in the first decade of legality.""...
As Congress searches for ways to pay for health-care reform and other worthy programs, it should end the unsuccessful prohibition of internet gambling and start collecting taxes on the billions in revenue currently lost to unlicensed, offshore gambling operators," said Jeffrey Sandman, spokesman for the Safe and Secure Internet Gambling Initiative.
House Committee of Financial Services Chairman Barney Frank said he will hold a hearing and markup on the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 this fall. Frank has lined up more than 50 co-sponsors for the act. ""
regulating?..lol...not good...this is just the beginning...:shrug:
healthcare legislation is putting a bug in our legislator`s drawers and giving them reason to take it as far as they can....
in other words,MONEY for big government programs......
http://ggbmagazine.com/issue/vol-8-...-uigea-enforcement-looms-legislation-advances
important blurb from the link..
""Another of its institutions, the California Bank And Trust, warned its customers that it would "not process transactions derived from internet bets or wagers" and did not distinguish between incoming and outgoing transactions.
The enforcement rules follow a ruling by the Third Circuit Court of Appeals in Philadelphia that upheld UIGEA.
Meanwhile, a campaign launched by the Safe and Secure Internet Gambling Initiative suggested that the U.S. could pay for some of its more pressing needs-including the controversial health-care initiative-by legalizing, regulating and taxing online gaming.
Ads put together by the organization claimed that as much as $62.7 billion in new revenues could be garnered for the federal government in the first decade of legality.""...
As Congress searches for ways to pay for health-care reform and other worthy programs, it should end the unsuccessful prohibition of internet gambling and start collecting taxes on the billions in revenue currently lost to unlicensed, offshore gambling operators," said Jeffrey Sandman, spokesman for the Safe and Secure Internet Gambling Initiative.
House Committee of Financial Services Chairman Barney Frank said he will hold a hearing and markup on the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 this fall. Frank has lined up more than 50 co-sponsors for the act. ""
regulating?..lol...not good...this is just the beginning...:shrug:
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Only way it will be legalized is if they can tax it.
--and here's what you could expect--
"With a graduated gross tax rate that tops out at 50 percent, Illinois has by far the highest gaming tax in the nation. The state in 2003 raised the top rate to 70 percent, but workers were laid off and revenues began to decline, and the rate is being phased back down."
Regardless--Show me a person in favor of legalizing and taxing internet gaming and I'll show you a person who
A: Is not smart enough to navigate system as is-
B: Taxing their winnings in most cases would have no consequence.
--and here's what you could expect--
"With a graduated gross tax rate that tops out at 50 percent, Illinois has by far the highest gaming tax in the nation. The state in 2003 raised the top rate to 70 percent, but workers were laid off and revenues began to decline, and the rate is being phased back down."
Regardless--Show me a person in favor of legalizing and taxing internet gaming and I'll show you a person who
A: Is not smart enough to navigate system as is-
B: Taxing their winnings in most cases would have no consequence.
