I love situations like this, because your first gut reaction is "Oh that's just crazy" and then you actually work through the rationale.
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This is *probably* pretty brilliant, and designed with the help of an accountant. That's an *actual company* in the entertainment business.
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but aren't proceedings made out of gambling tax free anyway? At least they are in the UK
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Very not the case in the US.
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I've done something similar (with the lottery instead of poker). Main advantage was streamlined tax paperwork.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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