PARIS (April 5, 2012) — A group including many of the world’s biggest commercial satellite fleet operators has written the Indian government to protest a proposed new tax that would slap a 10 percent royalty fee on foreign satellite communications services and make the fee retroactive to cover the last 36 years.
Shri Pranab Mukherjee, India’s minister of finance. Credit: World Econofmic Forum photo by Eric Miller
The group says the new tax, if approved by India’s parliament as part of a broad Indian government search for ways to reduce the government deficit, will cripple Indian broadcast and other communications at a time when India faces a shortage of domestic satellite bandwidth.
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