Nicola Willis, the Minister of Revenue, has thrown her support behind estimates of black market online gambling tax numbers, stating that the estimates are “good” and that they provide valuable insight into the true extent of illicit online gambling activities.
In a recent interview, Willis emphasized the importance of accurately assessing the size of the black market in order to effectively combat illegal gambling activities and ensure that the government is able to collect the appropriate amount of tax revenue. According to recent estimates, the black market for online gambling in New Zealand is believed to be worth hundreds of millions of dollars annually.
Willis pointed out that while it is difficult to determine the exact size of the black market, estimates provide a useful starting point for understanding the scale of illicit gambling activities in the country. She also noted that the government is committed to taking action to address the issue and protect consumers from the potential risks associated with illegal online gambling.
The Minister of Revenue emphasized the need for cooperation between government agencies, industry stakeholders, and the public to effectively combat illegal online gambling activities. Willis also highlighted the importance of raising awareness about the risks of participating in illegal gambling activities and educating the public about the legal options available to them.
In response to the estimates of black market online gambling tax numbers, Willis stated that she is confident in the government’s ability to address the issue and ensure that the appropriate measures are in place to regulate the industry. She also expressed her support for efforts to enhance consumer protection measures and strengthen oversight of the online gambling sector.
Overall, Nicola Willis’s endorsement of estimates of black market online gambling tax numbers signals a proactive approach to addressing the issue of illicit gambling activities in New Zealand. By acknowledging the scale of the problem and emphasizing the importance of collaboration and enforcement, the government is taking steps to protect consumers and safeguard the integrity of the online gambling industry.