AllSlots After FA Migration How You Doing?

Discussion in 'Fortune Affiliates' started by AussieDave, Aug 8, 2017.

  1.  
    AussieDave

    AussieDave 17 years & still going!

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    Me, not that good. Not only are players receiving insane bonus comps, but I'm now getting hit with New Zealand tax (aka GST). According to FA, that's suposed to be 15%. But in July, I got hit for more like 27.5%.

    Earnings before tax: € 874.91

    Tax Deductions: € 246.61

    Commission: € 628.30

    ---------

    This month is a similar scenario. Plus, my commissions for the last 2 years with BS were 4 figures. Now as soon as FA gets hold of my players, I'm all of a sudden making 50% less. The tax takes this to far less.

    @TheGooner - your in NZ or were, how could I check if this NZ tax (GST) is being paid by FA?
     
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    KasinoKing

    KasinoKing Player turned affiliate.

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    No effect... yet.
    But I only have 1 or 2 active players there - and they are not from NZ.
    One is from Germany though and I do get tax deducted for him/her.

    KK
     
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    AussieDave

    AussieDave 17 years & still going!

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    @KasinoKing - how much tax are you getting hit for your German player, I would assume 15%?

    I only became aware of the NZ 15% GST when FA posted an alert on their homepage a few months. Back then I had two (2) active NZ players with FA. Subsquently, the 15% GST was deducted since that commenced. However, it wasn't 27.5%, as what's been taken from July's (2017) earnings.

    Being stung (27.5%) €246.61 from €874.91, is a BIG wack. 15% = €131.23

    Commission: €628.30 + (wrongly deducted 12.5% extra) €115.38 - Commission should have received = €743.68

    When money (my income) is in the mix, I'm like any other commercial concern and require a paper trail. Not only for my own personal records, but also for my accountant too.

    Could understand Digimedia paying tax in Germany because they're licensed in Malta, and that's a SEPA country.
     
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    KasinoKing

    KasinoKing Player turned affiliate.

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    That sounds about right historically. (Can't actually check as can no longer get in to the old Brightshare system).

    However, just checked July and the tax is only 1.56% of NGR... so maybe something went wrong there... ?

    KK
     
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    AussieDave

    AussieDave 17 years & still going!

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    Thanks KK for checking that :)

    I'll send an email to my AM. Hopefully they can fix that up before July payments are sent.

    Cheers
     
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    AussieDave

    AussieDave 17 years & still going!

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    Just sent an email to my FA AM (ex BS AM), along with screen caps for both July 2017 and August 2017 (where the tax is 15%). Hopefully she can get this sorted out. I'll post an update, when I receive feedback.

    Cheers
     
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    KasinoKing

    KasinoKing Player turned affiliate.

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    It's OK - don't ask them to fix my error - I don't mind being over-paid! :p

    KK
     
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    TheGooner

    TheGooner Affiliate Guard Dog Member

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    Unless they are running services within New Zealand - or are running an office from New Zealand I am struggling to see how they are paying New Zealand GST.
    It certainly is not payable on any offshore activities ... I know as that is my situation with offshore services / websites.

    I think that this is an ill-judged cash grab, loosely based on the UK POCT (Point of Consumption Tax) - New Zealand has no such legislation for gambling activities.

    You can't. Private companies that do under $10m in New Zealand do not have to publicly disclose financial statements.

    Additonally, I could NOT find Fortune Affiliates (or anything like it) in the New Zealand companies list ... https://www.companiesoffice.govt.nz/companies/
    I doubt whether they have a NZ company, or are based in New Zealand - so it's VERY unlikely that they will file New Zealand or pay NZ taxes.
     
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    AussieDave

    AussieDave 17 years & still going!

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    My views exactly, mate :)
    Thanks for running some checks!

    Given what we seem to suspect, this action by Fortune/Degimedia could it not be deemed as fraud?

    Example, an entity operates an online business selling widgets, all over the world. Customers from Countries where POCT (or a similar off shore tax is charged), are passed on to these customers. Yet the tax collect is going back into this entities pocket. Maybe I'm being naive here, but wouldn't a tax office be intertested in this information, given, it looks a lot like fraud, a scam?

    Edit:
    Ran a couple of searches from that NZ Companies link:
    (doubt these are them, though, they have an modus operandi of using strawmen)

    Digimedia Group Limited
    Incorporation Date: 15 Jan 2007
    Company Status: Removed
    https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/1900099

    Digimedia Limited
    Incorporation Date: 04 Aug 2003
    Company Status: Removed
    https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/1348542

    I've got a spare few hours, with nothing to do, so I'll keep searching. But yes, I doubt they have a registered NZ company, and much less are paying this bona fide tax. Instead pocketing it!
     
    Last edited: Aug 9, 2017
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    AussieDave

    AussieDave 17 years & still going!

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    deleted, made a boo boo
     
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    AussieDave

    AussieDave 17 years & still going!

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    My FA AM got back to be on the "tax" inquiry. She now claims that they're paying AU Tax too. lo...f'ing...l

    In usual AM fashion, she side-stepped answering my questions relating to the screen caps. Worse, her calculations of these bogus-tax-cash-grabs, means they've be ripping me off for months.

    As far as I can tell, both so claimed "tax" deductions are fraudulent. I agree 100% with the Gooner's take:

    The AU Tax, a mate is an ex ATO (Australia Tax Office) employee. He's going to make some internal inquires for me ;)

    Will keep this thread updated.
     
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    Engineer

    Engineer Super Moderator

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    FA needs to straighten this out ASAP. If they are collecting taxes and then keeping the money for themselves instead of paying it to the correct tax authority -- that is a crime. People go to prison for that. :eek:
     
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    AussieDave

    AussieDave 17 years & still going!

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    Well... Phoned my accountant today. He's of the opinion both the AU/NZ GST taxes being garnished are iffy (dodgy). He's also going to make further inquiries. Rieterating, I agree with TheGooner's take on this, that it's a ill thought-out cash grab.


    I'm writing an email to my AM albeit pointless cause generally they're feed to same 'propaganda' as we affiliates are. What makes this "tax" highly questionable, is the fact of the IGA both past and present. And, to the best of my knowledge, only online gaming entities who HOLD AN AU GAMING LICENSE, would be eligible to garnish GST from affiliate earnings.

    With regard to NZ GST, the same applies.
     
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    footballaffiliate

    footballaffiliate Affiliate Guard Dog Member

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    If you want to research more about Fortune Affiliates they're actually owned by a company called Osiris Trading in South Africa.

    These guys seem to run a number of brands, but are very reluctant to admit that anything is related. Sounds dodgy to me.

    Couldn't find any links to Israel, but maybe others here know more about this company.

    http://www.dodgyonlinecasinohistory...fortune-affiliates-commission-payment-issues/
     
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    AussieDave

    AussieDave 17 years & still going!

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    @footballaffiliate - lol that's my site. Surprisingly, my company was contracted to do the SEO for Vegas Palms back in 2007. So I'm au fait in what dots joint up to what dots etc. Still, that info doesn't seem to concern them. But it seems when one is over 10,000Km away, and when the entities your dealing with, don't seem too concerned with ethics & or conducting honest business dealings, then it doesn't matter what info you have, they'll screw you over, regardless ;)
     
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    bonustreak

    bonustreak Administrator Staff Member

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    Like Dave said, people go to jail for tax fraud. This is HUGE if it turns out FA are scamming webmasters. Are there any local places in SA we can report this to?
     
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    Kristine

    Kristine Affiliate Program Representative

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    I wouldn't be surprised if they were paying sales tax in AUS or NZ. Seems behind the scene, those gov't are trying to collect sales tax from operators targeting those markets. But how the accountants, lawyers and regulators interpret that I don't know.
     
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