Taxation of roulette profits
Taxation: Roulette gambling winnings are tax free, so they are often placed in the context of black money or money laundering. However, this is a fallacy, as money laundering means the conversion of cash into bank money. Because profits from casinos are generally paid in cash without a receipt, can take place in casinos so no money laundering in the original sense. If this statement is correct, then one could withdraw from the casinos money laundering law completely, which are spelled out in casinos and the identification requirement is determined from a value of 1,000 dollars.
The Financial Intelligence Unit of the Federal Criminal Police Office (BKA / FIU) presented the 2003 annual report on page 12 on this subject noted the following: "Despite the widely disseminated presumption of the use of casinos for money laundering activities, the FIU was reported in 2003 by the casinos only a single suspect message. "According to the Federal Criminal Office, but there is still a suspicion that casinos are used for money laundering. There are countless variations to use casinos for money laundering, they may consist, for example in the issuance of checks from the casino or the opening of capital accounts to be used for game players. However, dampen the high tax revenues from gambling to the political will, money laundering in casinos in the crucial capital movement by legal means to prevent effectively.
