Indian Tax Authorities Seek $12 Billion From Online Gaming Firms Over Alleged Unpaid Taxes
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Indian tax authorities sent notices to online gaming companies demanding about $12 billion in alleged unpaid taxes.
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In August, India imposed a 28% tax on online gaming companies on total deposits to play games, leading some firms to lay off staff.
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The tax notices sent to gaming firms total around 1 trillion rupees ($12 billion).
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The finance ministry did not immediately respond to a request for comment on the tax notices.
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Online gaming companies affected include Dream11 and Mobile Premier League.