GST on online gaming, casinos? Here’s what is on proposal

A group of state finance ministers are expected to submit their report on casino and online gambling taxation to FM Nirmala Sitharaman within a day or two, according to a report by news agency PTI. Currently, the current rate of GST on this sector of the online skill gaming industry is 18% on gross gaming … Read more

Morning Update: U.S. bill sets stage for trade fight with Canada over digital sales taxes

Hello, When the US Senate passed the Cut Inflation Act earlier this week, Canadian political and industry leaders were thrilled by the legislation’s climate provisions, which look likely to give industry a boost. electric vehicles in the country. But other major changes in the bill have set the stage for a trade standoff between the … Read more

U.S. renewables investors see Senate bill sparking gold rush

For the first time, investors looking to pump money into clean energy projects across the United States can count on at least a decade of generous federal grants, giving them long-sought confidence in the resilience of the third largest renewable energy market in the world. Tax credits for wind and solar projects have supported the … Read more

Over 1K flights cancelled as severe thunderstorm hits U.S. east coast – National

Tens of thousands of travelers saw their travel plans disrupted on Friday after airlines canceled more than 1,100 flights for a second day in a row due to thunderstorms that battered the East Coast. The three major airports in the New York area and Reagan National Airport outside of Washington, DC, had the most cancellations … Read more

Tamil Nadu to hold consultations to ban, regulate online games | Chennai News

CHENNAI: The Tamil Nadu government is set to hold stakeholder consultations to ban and regulate online gambling as the number of people ending their lives due to huge online rummy losses rises increased to 20 on Wednesday since 2020. So far, seven deaths have been reported in Chennai and its suburbs, eight in Coimbatore, Salem, … Read more

Infrastructure damage hampers flood recovery in Kentucky

HINDMAN, Ky. (AP) – Damage to critical infrastructure and the arrival of more heavy rains hampered efforts Sunday to help Kentucky residents affected by recent massive floodingsaid Governor Andy Beshear. As Appalachian residents tried to slowly rebuild their lives, flash flood warnings were issued for at least eight eastern Kentucky counties. The National Weather Service … Read more

GST News: To tax at 18% or 28%? The GST Conundrum for skill gaming sector

In August 2022, the Group of Ministers (GoM) will propose a GST scheme for lotteries, casinos and gaming businesses. In this article, we discuss the possible approach for the GST regime for the skill games industry. The Indian gaming industry has grown tremendously and is now among the top five mobile gaming markets in the … Read more

Jan. 6 panel to share 20 of its interview transcripts with U.S. Justice Department

The House Jan. 6 committee will share 20 of its interview transcripts with the Justice Department as federal prosecutors have increasingly focused on efforts by former President Donald Trump and his allies to quash election results. A committee aide said the panel will share all 20 transcripts but has “no plans to share any additional … Read more

Track sets sights on boosting U.S. fan base ahead of 2028 L.A. Olympics

Fans watch the World Championships in Athletics on July 22, 2022 in Eugene, Oregon. With declining viewership and stable revenues in the wider Olympic world, the track is a far cry from its glory days in the United States in terms of popularity.Charlie Riedel/Associated Press When international track and field officials wanted to bring their … Read more

Star Wars Celebration Company ReedPop Taking Over Planning E3

Photo: Marc Ralston (Getty Images) Like the video game with three endings, or the final boss fight that never ends, E3 refuses to die. Now the world of video game events doubles. ReedPop – the organizers of PAX, New York Comic Con and Star Wars Celebration – announced Thursday that it will take over planning … Read more