Quote:
Originally Posted by AlsoEligible
Yeah, for the couple of them that are based in the US, sure. The vast majority are off-shore players (or at least under the umbrella of an off-shore "corporation"), so no IRS involvement.
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Are you saying that most whales are not US citizens and that they don't live in the US? A US citizen regardless of where he/she places the bets is subject to US tax on winnings. Using an off-shore corporation as an umbrella would not change their tax situation.