treblepop wrote: ↑Wed Aug 02, 2023 10:33 ami see lots of people say this, why will you have a big problem for not declaring income which by law you do not have to declare?
there are some countries (such as Canada) where the tax law says if you conduct you're gambling with a 'business like' (stupidly ambiguous) manner than you must pay tax.
As far as i can see places like UK and Austria both clearly have no interest in taxing gambling even from 'professionals'
I welcome any evidence you have to the contrary.
this is a misconception and you gave the answer yourself: it is basically the same as you described it in Canada, "professional intent" is the key. If you walk once a year into a casino in Vienna and you win like a million, this is not taxable. But if you play professional month after month after month with the intent to make it your main source of income, it`s a whole other story.
My evidence is my own Deloitte-fabricated tax structure and all the headache and years-long legal dispute and even battle from friends and colleagues here in Austria. Like I said, it all depends on your structure and risk appetite. Just consult a (good, experienced) tax adviser.