India deals blow to online gaming industry with 28% tax
India deals blow to online gaming industry with 28% tax
India's government on Tuesday said it would impose a 28% tax on funds that online gaming companies collect from their customers, in a blow to the $1.5 billion industry that has surged in popularity and attracted foreign investment.
You're viewing a single thread.
Did not expect India to be the one to push back on the predatory behavior of micro transactions. Having lived in India for a long time, I’m not sure how much of it is greed but still a positive outcome I guess!
From what I read, the tax is on online gaming as in gambling, apps, not gacha-style microtransactions. Still a good thing though.
What's the difference?
I think the comment implies it might not be for traditional gaming but rather mainstream gambling and apps like candy crush? Feel free to correct me if I’m wrong.
Modi is least bothered by financially predatory behaviour, his govt is desperately trying to raise funds.