India's tax squeeze on gaming and gambling is a losing bet

In pressing unaffordable demands, authorities will only drive activity underground

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Bettors at the Royal Calcutta Turf Club in Kolkata: India has now set the tax rate on all gaming and gambling-related activity at 28%. © AP

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

Indian tax authorities are once again pushing hefty claims for retrospective taxes, a tactic that has repeatedly led to drawn-out international disputes with foreign companies.

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