Hi I live in australia just wondering if i was to start an online gambling website hosted in an overseas country that was not a scam but a legitimate gambling website where players play games against each other and bet. Winner takes all and the house takes 10% of winnings as a game levy. Because this is overseas in a country that allow it ( not sure which one) could i transfer the earnings to a paypal and back to my australian bank account. I dont want to dodge tax just get the money back here legally.
1 Answer from Attorneys
Your question, whilst not complicated from an ITC perspective, is actually very legally complicated.
It involves multiple legislative gambling instruments in multiple jurisdictions (eg your jurisdiction, player jurisdiction and operator jurisdiction) and not suited for a quick Lawguru answer.
We strongly recommend that you obtain professional advice.
Please do not hesitate to contact us if you require such advice.