I don't play tournaments in the US, because the Swedish tax authorities take 30% of the net winnings. The US and Sweden have a tax treaty, so I pay no taxes to Uncle Sam. The problem is that lists of winners are published. Cash games are a different matter. No winners lists are published, obv. Actually, I have to pay tax on every hand over $10, even if I paid half of that $10 myself. So, if there are four players in a pot and I win the $200 pot. If I put in $50 myself, the tax is 30% on $200 = $60 tax. My profit is $90. Next pot I am HU (pot is $180) and lose $90. On two pots I have won $0, but still owe $60 in tax! That's how it's supposed to be, but it's not so in reality. All winnings on games/poker in the EU are tax-free for me as a Swede. If I were to play in Australia, the rules would be exactly the same as when I play in the US.
I don't play tournaments in the US, because the Swedish tax authorities take 30% of the net winnings. The US and Sweden have a tax treaty, so I pay no taxes to Uncle Sam. The problem is that lists of winners are published.
Cash games are a different matter. No winners lists are published, obv. Actually, I have to pay tax on every hand over $10, even if I paid half of that $10 myself. So, if there are four players in a pot and I win the $200 pot. If I put in $50 myself, the tax is 30% on $200 = $60 tax. My profit is $90. Next pot I am HU (pot is $180) and lose $90. On two pots I have won $0, but still owe $60 in tax! That's how it's supposed to be, but it's not so in reality.
All winnings on games/poker in the EU are tax-free for me as a Swede.
If I were to play in Australia, the rules would be exactly the same as when I play in the US.
wow thats crazy