23 July 2021
India-TikTok war escalates: Coins confiscated

India-TikTok war escalates: Coins confiscated

India and TikTok The war between is growing. The practice, which was banned in the Asian country in recent months, now faces charges of tax evasion. India TikTokis the parent company of ByteDance‘in, He confiscated his accounts in two different banks. The company was banned from withdrawing money from these accounts and making any transactions. ByteDance, took the case to the court.

Instagram is copying another feature of TikTok

India and TikTok took court

Reuters‘according to India, The Chinese social media giant, HSBC and CitibankHe seized his accounts in. By causing this situation TikTok’un, Showing it violates tax policies in the country. In India, an additional 6 to 12 percent for non-domestic organizations since 2016 “Equalization Tax” is being implemented. It is claimed that the company did not pay this tax. It is a matter of curiosity how the incident taken to the court will turn out.

TikTok has reached more than one billion active users around the world.

ByteDance officials made a statement on the subject. Stating that all business has stopped due to the blockage of their accounts, the company claimed that their free trade rights were violated. The social media giant also added that various payments such as employee salaries will also be affected.

The cause of the tension is political

With millions of users in the country, the main problem of the application is not taxes. India and China The border tension between the two countries has caused problems between the two countries. Unfortunately this situation, TikTok and roof company ByteDanceIt also affects. But TikTok, It’s not the only app that has problems. Last month, known for its closeness to the Chinese government, WeChat Many applications, including those, experienced similar problems.

TikTok changes the rules of the music industry

What about your India and Tiktok What are your views about the tension between? Do not forget to share with us your thoughts on the problems experienced by the popular application.

The post India-TikTok war escalated: Money seized appeared first on Teknoloji News – ShiftDelete.Net.

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