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

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In pressing unaffordable demands, authorities will only drive activity underground

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

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Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.