Joined: Mar '13
Location: Serbia
Age: 50 (M)
Posts: 15
i just saw that out of 52 registered so far for the wcoop main event (5200 buy in, 10 million guaranteed), 24 players are from greece. given the size of country and state of the economy, they surely do like poker.
dear komandant23, you do not know that Greece is the birthplace of civilization. The Greeks have a lot of gods. Probably they also want to become the gods of poker. I wish you good luck for the main event.
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
well look more precisely and you will see that most of the upcoming high buy-in tournaments are full of greeks, i spotted this a while ago and was surprised a bit too, but our fellow greek mobbits explained that this is all done to save ones a55 from gambling tax. so probably none of them are gonna play the event.
Joined: Feb '11
Location: Germany
Age: 31 (M)
Posts: 1859
But what happens on days where they unregister for the tourneys? I mean, for the big cashgame plays it's easy, they can easily swing 5K/day downwards, but "Talentaki" for example is a low-midstakes SNG grinder, I don't think he swings more than like 1.5K per day at the very most. He pays the tax for the 5.2K minus what he lost that day then?
Posted by BeMyATMplz: But what happens on days where they unregister for the tourneys? I mean, for the big cashgame plays it's easy, they can easily swing 5K/day downwards, but "Talentaki" for example is a low-midstakes SNG grinder, I don't think he swings more than like 1.5K per day at the very most. He pays the tax for the 5.2K minus what he lost that day then?
They just buy in for some other tournament, further into the future. They just have to make sure never to have a day with more than the allowed increase over the previous day. If they however earn too much in the long run, they'll have to start paying tax sooner or later (or take a paid vacation ).
Joined: Feb '11
Location: Germany
Age: 31 (M)
Posts: 1859
No that's usually not possible. Those german pro's are usually indeed living in austria (Pius Heinz for example is a student there afaik). For tax reasons there would usually be no reasons to not have germany as country, we don't have to pay any taxes on gambling winnings (which poker is considered as, it's all a greyzone).
------------
Posted by yout85: ....If you're winning so much money on poker that this kind of tactic actually makes a difference... then just pay your damn taxes
While I'd usually agree, the tax-regulation for greek players really sucks IMO. Lets assume for a MTSNG player, they only have like 30-40% of their playing days winnIng days. On their winning days they have to forfeit a % of their winnings, while getting nothing on their losing days. A much more fair rule would be just 20% on monthly net profits, then I think there would be more people willing to pay it.
Joined: Feb '11
Location: Germany
Age: 31 (M)
Posts: 1859
It depends, if you cashput through bank it's possible. However, you can cashout 500€ daily at ATM with moneybookers card paying 1.80€ fee per cashout, if that's enough then that's probably the most preferable way, no one will find out how much you make that way, taxes will be much higher than that fee if its considered as regular ome )about 30-40% of income here)
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
They are trying to hit the 100 Euro which is untaxed. So in their losing days they just unregister 100 and leave the rest signed. Of course that depends on the money you are making and the future tournaments that are available for buy ins. If they cant hit the first limit which is untaxed then they will go for the second one,
If your example with moneybookers is for the Greek players, i have to say that it cant be done. For the very simple reason. Taxes are not paid directly from the player but from Poker Stars and Full Tilt. So every time you get "taxed" its the poker sites that withhold the money from your account.
trying to beat the daily taxable limit.
