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BankrollMob Forum » News » EPT Barcelona Main Event Runner-up Gets 18-Month Jail Term For Tax Evasion

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sep
13

EPT Barcelona Main Event Runner-up Gets 18-Month Jail Term For Tax Evasion

Tags: Barcelona, Dragan Kostic, Macedonia, Spain, tax evasion
Posted on Wednesday, September 13, 2017 by "T".
The amount €630,000 and a quite lengthy jail term is something surely no professional poker pro ever wants to pay for, so next time if you're good enough to win such a hefty amount at any poker event, then the humongous tax you're about to pay is something you should be happy to part with, or else...suffer the dire consequences. Dragan Kostic, a professional poker player, has lost his appeal[...]   Read more » EPT Barcelona Main Event Runner-up Gets 18-Month Jail Term For Tax Evasion

  13-Sep-17, 07:19   #1
EPT Barcelona Main Event Runner-up Gets 18-Month Jail Term For Tax Evasion 0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6327
You cannot ignore the tax man and i can't believe that this guy could think he could get away without paying. To say that he thought the tax was already paid was quite a flimsy argument in my opinion

     
  13-Sep-17, 07:46   #2
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 468
Another case in which he tried to cheat the Spanish state and avoid paying taxes. From this news you realize that this Macedonian resident in Spain for 25 years tried to bluffing... the Spanish law of taxation. Now he will pay more than he has won and will regret this counting and punishment with imprisonment

     
  13-Sep-17, 09:39   #3
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 46 (M)
Posts: 2036
The football clubs in Spain can do transfers without paying the taxes over many years, but privat person have a problem just in time. Better this guy played poker in Texas Big Smile Bad bluff and everyboday have to pay the tax in the different countrys.

     
  13-Sep-17, 10:06   #4
  0 
Jinn 

Joined: Oct '08
Location: Russian Federation
Age: 35 (M)
Posts: 47
Some countries' tax rates frighten me. I've heard about 70% or such. Can anyone prove or refute this?

     
  13-Sep-17, 10:14   #5
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 52 (M)
Posts: 6406
Most tax systems are rather complicated, with increasing rates for higher incomes, like a big poker tourney win, but +70% seems a bit harsh in todays world. But those rates did exist in the past.

     
  13-Sep-17, 14:08   #6
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 5815
Many high-stakes poker professionals move to tax havens countries. The requirements for establishing residency for tax purposes greatly vary from country to country. Dragan Kostic might have avoided jail time if he had consulted with reputable immigration and international tax attorneys.

Edited by Tony_MON7ANA (Wednesday, September 13, 2017 @ 14:43 GMT)


     
  13-Sep-17, 22:44   #7
  0 
Odysseus101 
Joined: Dec '16
Location: Canada
Age: 48 (M)
Posts: 114
Meh, he was obviously hoping that there would be enough grey area about his residency or about the taxability of poker tournament winnings that he tried to get away with not claiming. Which is fine. But be prepared to pay up right away when the authorities say "nuh uh!". What an idiot. I guess he's just another European who thinks that dodging taxes is the national sport.

     
  14-Sep-17, 03:35   #8
  0 
xxxpokerxxx1 

Joined: May '08
Location: Canada
Age: 41 (M)
Posts: 990
I am so blessed to live in a country where I don't pay any taxs on any kind of winnings,doesn't matter how much.

     
  14-Sep-17, 11:22   #9
  0 
damosk 
Joined: Feb '11
Location: United Kingdom
Age: 53 (M)
Posts: 5279
Ano. Ther story of someone winning lots of money and getting caught out by taxation. Taxation! The bane of all of our lives, unless of course you can find some way of avoiding it legally.... maybe he should have built up a huge hospitality expense account and claimed it all against that! Is that allowed? LOL

     
  14-Sep-17, 13:40   #10
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 3847
to deceive spain is certainly a good attempt .... but to deceive the state is of course very stupid ........ I certainly can understand this man but if he understands a little then he did not need to do this ... eventually as I I think this person is guilty and he deserves punishment

     
  14-Sep-17, 15:43   #11
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 33 (M)
Posts: 5285
Spanish tax authorities are no joke to be honest, they even went after Lionel Messi and Christiano Ronaldo so nothing new here... Of course they are gonna try 2 shake off this 'poor no name poker player' as well.

     
  15-Sep-17, 11:26   #12
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 9615
well honestly I have only one thing to say to all fcukin taxmen- fcuk yourself through the arses... why the hell someone should shell out more cash just because he earns more? does he get more pathetic quality public services for this?

     
  15-Sep-17, 18:21   #13
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 723
Yes like some people say in this thread i too think thus is no big crime to do, trying not to pay taxes is just trying to have more your own money in your account. All of this money is your and now some people just want to take it and maybe they don't deserve this?

     
  15-Sep-17, 18:34   #14
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11344
Why not including this on his taxes?
Is it something that you can hide.
Unlike other businesses this is something that is included in the media.
You cant hide this.

And of course the reason he chose to, was the amount of tax he had to pay.
230k euro tax, in 532k winnings? Is this right?

     
  15-Sep-17, 19:52   #15
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 52 (M)
Posts: 6406
Depends on who you will ask.

Of cause people that will have to pay that amount of money will not be pleased. On the other hand, those who count on tax money being funneld to them, will think it is right.

     
BankrollMob Forum » News » EPT Barcelona Main Event Runner-up Gets 18-Month Jail Term For Tax Evasion

 
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