Income tax and many of its states and Switzerland, impose the higher of regular income tax or an alternative tax. Switzerland and U.S. states generally impose such tax only on corporations and base it on capital or a similar measure. Income tax is generally collected in one of two ways: through withholding of tax at source and/or through payments directly by taxpayers. Nearly all jurisdictions require those paying employees or nonresidents to withhold income tax from such payments. The amount to be withheld is a fixed percentage where the tax itself is at a fixed rate. Alternatively, the amount to be withheld
Income tax on gambling Income tax on gambling Rules concerning income tax and gambling vary internationally. In Germany, wins are taxable since July 2012 by 5% of the winnings (profit). For example, if you placed a bet of €10 at an odd of 2.00, then your total return (not including the taxes) is €20, however after the tax deductions, your return will be only €19.50 (€10.00 x 2.00 = €20.00 - (5% *€10.00 (your total profit)) = €19.50). For online poker, however, because of a hairy legislation, the wins are not taxable yet. In the United Kingdom, wins (unless in the course of a