poker news
blondepedia
card room
tournament schedule
uk results
galleries
Welcome,
Guest
. Please
login
or
register
.
June 10, 2024, 11:55:04 AM
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
Search:
Advanced search
Order through Amazon and help blonde Poker
2272953
Posts in
66760
Topics by
16723
Members
Latest Member:
callpri
blonde poker forum
Poker Forums
The Rail
Renee Xsie
0 Members and 1 Guest are viewing this topic.
« previous
next »
Pages:
1
...
11
12
13
14
[
15
]
16
17
18
19
Author
Topic: Renee Xsie (Read 54294 times)
pleno1
Hero Member
Offline
Posts: 19107
Re: Renee Xsie
«
Reply #210 on:
October 11, 2016, 02:02:52 PM »
poker is not a skill game lol
i sit in william hill and charge people $20/hour for tips on the horse races coming up, showing them data etc - i pay tax on that
i sit in william hill and only choose bald people to give $100 for the next race that i will ask for 50% of the profits to - i don't pay tax on that
if i lived in finland, then it would be different, gambling winnings are taxable and i would have to pay in both scenarios.
Logged
Quote from: TightEnd on December 16, 2013, 12:59:59 AM
Worst playcalling I have ever seen. Bunch of fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
Rexas
Hero Member
Offline
Posts: 1963
Re: Renee Xsie
«
Reply #211 on:
October 11, 2016, 02:04:26 PM »
Not overly sure what's going off now, think I got the bite a little there :p
Logged
Quote from: verndog158 on June 29, 2014, 07:49:39 PM
humour is very much encouraged, however theres humour and theres not.
Quote from: cambridgealex on November 04, 2014, 05:40:09 PM
I disrepectfully agree with Matt
TightEnd
Administrator
Hero Member
Offline
Posts: I am a geek!!
Re: Renee Xsie
«
Reply #212 on:
October 11, 2016, 02:07:09 PM »
Quote from: pleno1 on October 11, 2016, 02:02:52 PM
poker is not a skill game lol
i sit in william hill and charge people $20/hour for tips on the horse races coming up, showing them data etc - i pay tax on that
i sit in william hill and only choose bald people to give $100 for the next race that i will ask for 50% of the profits to - i don't pay tax on that
if i lived in finland, then it would be different, gambling winnings are taxable and i would have to pay in both scenarios.
if BRS is a registered company in the UK (website doesn't say, no company number given) , employing staff and being promoted as a business, its liable for tax isn't it?
Logged
My eyes are open wide
By the way,I made it through the day
I watch the world outside
By the way, I'm leaving out today
RED-DOG
International Lover World Wide Playboy
Global Moderator
Hero Member
Offline
Posts: 47024
Re: Renee Xsie
«
Reply #213 on:
October 11, 2016, 02:22:16 PM »
Quote from: TightEnd on October 11, 2016, 02:07:09 PM
Quote from: pleno1 on October 11, 2016, 02:02:52 PM
poker is not a skill game lol
i sit in william hill and charge people $20/hour for tips on the horse races coming up, showing them data etc - i pay tax on that
i sit in william hill and only choose bald people to give $100 for the next race that i will ask for 50% of the profits to - i don't pay tax on that
if i lived in finland, then it would be different, gambling winnings are taxable and i would have to pay in both scenarios.
if BRS is a registered company in the UK (website doesn't say, no company number given) , employing staff and being promoted as a business, its liable for tax isn't it?
Shhh!!
Ixnay on the usinessbay.
Logged
The older I get, the better I was.
doubleup
Hero Member
Offline
Posts: 7066
Re: Renee Xsie
«
Reply #214 on:
October 11, 2016, 02:24:36 PM »
Quote from: pleno1 on October 11, 2016, 02:02:52 PM
poker is not a skill game lol
i sit in william hill and charge people $20/hour for tips on the horse races coming up, showing them data etc - i pay tax on that
i sit in william hill and only choose bald people to give $100 for the next race that i will ask for 50% of the profits to - i don't pay tax on that
if i lived in finland, then it would be different, gambling winnings are taxable and i would have to pay in both scenarios.
You are completely missing the point. Gambling winnings are not taxable but gambling businesses pay tax on their profits. The courts decided many years ago that an individual gambling wasn't a gambling business. An individual or group staking a few horses in a tournament also is highly unlikely to be a business. However, if you call yourself a business <ding ding ding> and adopt the policies of a business, you shouldn't be surprised if HMRC agree with you and ask you to cough up.
Logged
MANTIS01
Hero Member
Offline
Posts: 6730
What kind of fuckery is this?
Re: Renee Xsie
«
Reply #215 on:
October 11, 2016, 02:38:12 PM »
But what about pics of the nice bum? That is the most pressing topic here...so if they aren't taxable et's see em.
Logged
Tikay - "He has a proven track record in business, he is articulate, intelligent, & presents his cases well"
Claw75 - "Mantis is not only a blonde legend he's also very easy on the eye"
Outragous76 - "a really nice certainly intelligent guy"
taximan007 & Girgy85 & Celtic & Laxie - <3 Mantis
SuuPRlim
Hero Member
Offline
Posts: 10536
Re: Renee Xsie
«
Reply #216 on:
October 11, 2016, 02:39:38 PM »
If you're a registered company in the UK then any profits it makes (revenue minus expenses) will be subject to corporation tax, regardless of where your revenue come from. The "gambling" that is tax free in the UK is personal recreational gambling, you win a poker tournament for £x, the lottery for £x or £x on roulette that money is yours, the government currently has no distinction between Neil Channing pro gambler, and big mick who plays roulette every friday.
Organised, professional gambling - any corporation that profits from gambling on a professional level is liable to the same tax everyone else is. You might argue that what is the difference between say, Toby Lewis and a ltd company syndicate that bets football matches is actually nothing in principal except scale, and you'd be close to right IMO however this is just how it is.
Quote from: doubleup on October 11, 2016, 12:23:06 PM
Quote from: SuuPRlim on October 10, 2016, 06:13:40 PM
Staking is a mutual business agreement where you're paying to share equity with another business.
less of the "business" please - staking is a jolly gamble, entirely for the entertainment of all concerned.
When i referred to staking as a "business" in this post, I was highlighting the difference between a casino/gambling business and an organised staking company (which is quite a bizarre thing to have to do TBH) and was keeping it in context, if you like you can think of it like this;
Casino's are desperate to try get you in and gambling with negative expectation, whilst staking is a jolly gamble that both sides are sharing the EV off (be it positive/negative/neutral) one example splits the expectation and the other takes from each other, utterly different (in fact in business theory terms i doubt you can get a bigger difference)
On a separate note, your sentiment is defo accurate for the vast majority of staking arrangements, John off to play a £500 f/o, he's prolly a losing player but has a few moves and has a win in him if he runs good, Pete just fancies a punt and gives him a 1er for 20%... However there is certain individuals/organisations that have run an extremely professional and highly profitable staking business and done very , very well. It would be like comparing a car boot sale to an asda, in theory the same thing (selling stuff to the public) but obviously it's nothing the same at all.
If you don't believe anyone has ever made +EV, consistent, huge money from well run staking operations then you are 100% wrong and if you'd like proof it's easy to provide.
Logged
http://lildaveslife.blogspot.com/
www.thefirmpoker.com
doubleup
Hero Member
Offline
Posts: 7066
Re: Renee Xsie
«
Reply #217 on:
October 11, 2016, 02:47:59 PM »
ffs I don't dispute it's possible to make money from staking. My only point is that it is unwise for tax reasons for such activities to be publicly presented as organised businesses.
Logged
nirvana
Hero Member
Offline
Posts: 7804
Re: Renee Xsie
«
Reply #218 on:
October 11, 2016, 03:09:17 PM »
Quote from: doubleup on October 11, 2016, 02:47:59 PM
ffs I don't dispute it's possible to make money from staking. My only point is that it is unwise for tax reasons for such activities to be publicly presented as organised businesses.
So what are you saying
Logged
sola virtus nobilitat
doubleup
Hero Member
Offline
Posts: 7066
Re: Renee Xsie
«
Reply #219 on:
October 11, 2016, 03:48:50 PM »
Quote from: nirvana on October 11, 2016, 03:09:17 PM
Quote from: doubleup on October 11, 2016, 02:47:59 PM
ffs I don't dispute it's possible to make money from staking. My only point is that it is unwise for tax reasons for such activities to be publicly presented as organised businesses.
So what are you saying
I'm saying that hmrc take enough out of the poker economy via betting duty. So telling them that you are running a business and thus inviting them to tax you as such, when in reality you are just a group having an informed gamble, seems to be risky from the POV of the poker economy potentially being taxed even more.
«
Last Edit: October 11, 2016, 03:51:17 PM by doubleup
»
Logged
luther101
Hero Member
Offline
Posts: 1603
Re: Renee Xsie
«
Reply #220 on:
October 11, 2016, 04:33:06 PM »
Just to add to the much gnashing of teeth .....
Luton GUKPT Main result
1 Haxhiaj, Driton £61,520.00
2 Byrne, Paul £52,000.00
3 Vinson, Benjamin £28,080.00
4 Kennedy, Brett £18,240.00
5 Rubiogamito, Jose £12,480.00
6 Boyle, Derek £9,360.00
7 Vanwalsemvasnunes, Paul £7,440.00
8 Kimber, Jeffrey £6,000.00
9 Phillips, Janice £5,040.00
20 Xie, Renee £2,400.00
Cue, numerous heart murmurs .....
Logged
Simon Galloway
Hero Member
Offline
Posts: 4173
Re: Renee Xsie
«
Reply #221 on:
October 11, 2016, 05:29:07 PM »
Stick this one in the Best of Blonde. A short-ish thread where you can look back in years to come on the most concentrated batch of personal-worst posts from well known and otherwise respected members.
Logged
https://www.rocketmiles.com/refer/SIMONGALLOWAY22
SuuPRlim
Hero Member
Offline
Posts: 10536
Re: Renee Xsie
«
Reply #222 on:
October 11, 2016, 05:49:10 PM »
I think there is a huge misconception that the government just doesn't realise the "goldmine" of taxation they are missing in gambling.
I cant imagine some savvy HMRC guy is going to be scrolling blonde oe day and finally realise all the tax they are missing out on.
Logged
http://lildaveslife.blogspot.com/
www.thefirmpoker.com
nirvana
Hero Member
Offline
Posts: 7804
Re: Renee Xsie
«
Reply #223 on:
October 11, 2016, 06:05:05 PM »
Quote from: Simon Galloway on October 11, 2016, 05:29:07 PM
Stick this one in the Best of Blonde. A short-ish thread where you can look back in years to come on the most concentrated batch of personal-worst posts from well known and otherwise respected members.
QFT
Logged
sola virtus nobilitat
DungBeetle
Hero Member
Offline
Posts: 4930
Re: Renee Xsie
«
Reply #224 on:
October 11, 2016, 07:46:03 PM »
Quote from: TightEnd on October 11, 2016, 02:07:09 PM
Quote from: pleno1 on October 11, 2016, 02:02:52 PM
poker is not a skill game lol
i sit in william hill and charge people $20/hour for tips on the horse races coming up, showing them data etc - i pay tax on that
i sit in william hill and only choose bald people to give $100 for the next race that i will ask for 50% of the profits to - i don't pay tax on that
if i lived in finland, then it would be different, gambling winnings are taxable and i would have to pay in both scenarios.
if BRS is a registered company in the UK (website doesn't say, no company number given) , employing staff and being promoted as a business, its liable for tax isn't it?
And employers national insurance. And it has to file accounts. Would probably also fall under one of the regulatory regimes as well if it is providing financing. I'm guessing keeping it unincorporated as Doubleup says might be wisest!
Logged
Pages:
1
...
11
12
13
14
[
15
]
16
17
18
19
« previous
next »
Jump to:
Please select a destination:
-----------------------------
Poker Forums
-----------------------------
=> The Rail
===> past blonde Bashes
===> Best of blonde
=> Diaries and Blogs
=> Live Tournament Updates
=> Live poker
===> Live Tournament Staking
=> Internet Poker
===> Online Tournament Staking
=> Poker Hand Analysis
===> Learning Centre
-----------------------------
Community Forums
-----------------------------
=> The Lounge
=> Betting Tips and Sport Discussion
Loading...