Gaming

China should eliminate tax cuts for video gaming industry, says Securities Times

China should eliminate tax cuts for video gaming industry, says Securities Times
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SHANGHAI, Aug 5 (Reuters) – China should quit giving tax cuts to online video gaming firms in light of the fact that the business has developed and a portion of its organizations have now become around the world persuasive players, the state-sponsored Securities Times paper said on Thursday.

The report comes as the Chinese video gaming industry has lately become a subject of numerous state media reports, setting off financial backer worries that the business could be next to be focused on by Beijing controllers.

On Tuesday, the state-upheld Economic Information Daily called online computer games “profound opium” in an article that turned into a web sensation and cleaned $60 billion off the offer cost of gaming monster Tencent Holdings Ltd (0700.HK) at a certain point. The expression was later altered out of the piece.

The public authority should presently don’t have to give industry support when these product businesses have created and gotten near benefits,” it said.

“The expense treatment ought to be equivalent to different businesses. The gaming business ought to be mentally ready in such manner.”

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