Gross Gaming Revenue
English translation: income from gambling before tax
| 09:04 Dec 14, 2010 |
| English language (monolingual) [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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|  Selected response from: David Hollywood Local time: 04:21 | ||||||
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 5 +2 | income from gambling before tax |
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Answers
15 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2| gross gaming revenue income from gambling before tax Explanation: :) -------------------------------------------------- Note added at 19 Min. (2010-12-14 09:23:54 GMT) -------------------------------------------------- Gross Gaming Revenue (GGR) is defined as the sum total of all Player's contributions to all rakes the Players were involved in, for both ring games and ... www.querycat.com/question/124c5148dbcc7528a61e32a37020ea52 - Cached -------------------------------------------------- Note added at 20 Min. (2010-12-14 09:24:30 GMT) -------------------------------------------------- The court responded that, to establish their entitlement to deduct gambling losses from gross gambling income, the taxpayers had to show that their gambling ... www.britannica.com/.../Establishing-Basis-for-Gambling-Loss... - Cached - Similar -------------------------------------------------- Note added at 21 Min. (2010-12-14 09:25:32 GMT) -------------------------------------------------- Gambling in the United States is legally restricted, but its availability and participation is increasing. In 2006, gaming activities generated gross revenues of $90.93 billion in the United States.[1] Gross gambling revenues are calculated as the difference between the total amounts wagered minus the funds or "winnings" returned to the players. Gambling provides tax revenue and employment opportunities. Commercial casinos provided 354,000 jobs,[2] and state and local tax revenues of $5.2 billion as of 2006[update].[3] Critics of gambling claim it leads to increased political corruption, compulsive gambling and higher crime rates. Others claim that gambling is a type of regressive tax on the individuals in local economies where gambling venues are located. |
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