Social-impact mitigation measures needed against gambling addiction - BusinessWorld Online

Bill eyes 10% online gambling tax to fund rehab, ban e-wallet links

As lawmakers move to rein in online gambling, one House bill takes it a step further by proposing to slap a 10% tax on operators to fund addiction treatment and recovery programs.

Social-impact mitigation measures needed against gambling addiction - BusinessWorld Online

By Aubrey Rose A. Inosante, Reporter TAXES will not be sufficient to curb online gambling addiction, and must be accompanied by programs to mitigate the industry’s negative social impact, economists said. Taxes are “not a cure-all. A tax can certainly signal that it is not encouraged behavior. But, you have to remember, (gamblers) are people used to losing money,” according to former legislator Jose Ma. Clemente S. Salceda, who used to chair the…

Marcos open to taxing online gaming, supports measures against gambling addiction

President Ferdinand Marcos Jr. is open to a Department of Finance (DOF) proposal to impose taxes on the online gaming industry, as part of efforts to regulate the sector and combat gambling addiction, Malacañang said Monday. Presidential Communications Office Undersecretary Claire Castro said the move aims to protect Filipino families by restricting access to harmful …