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.
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Ooh. I like that. We should do that too. Just the microtransaction-based ones, not all online games. Decent subscription-based games should be exempt.
And I say that as someone that wishes he could be a Supercell fan. Used to be a huge one.
To be clear, this ruling seems to be online gaming as in gambling, not video games
Ah, well, that's not bad either. Frankly they should just expand it though. It's not like gatcha games aren't a sort of gambling enterprise.
This is frankly fantastic news. You just need to classify gacha as gambling and you're done. This is probably way easier than to legally define what a gacha game is.