Mar 25, 2012 -- 8:08AM, bf_fananatic wrote:
Good point Neb and this was explained in the article but bear in mind that if the UK governments adopts the same hard line against its own voters/people then in your past example case you would be jumping out of one frying pan and into another and my question is if the government and IRS are going down this route are we going to let this happen as it will effect everyone that plays the lottery, bets on-line, goes to bingo, plays cards, but if you read the article its strange that casinos are exempt from this law as they don't want to lose big customers that play up and down with big stacks, pretty biased but not unknown in a country that gives more rights to bigger corporations than smaller relative to golden handshakes when requiring cash to fuel election campaigns!
casinos aren't exempt from anything. The article just stated that there was no way of knowing if someone was a winner when they cashed chips from a table game, so there is no withholding tax. If you win $5k+ from a slot machine or poker tournament in a casino, tax is withheld (uk citz can show their passport and complete form 1042-S and should be exempt from withholding).
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