Nokia gets Rs 2,000cr tax notice in India
Advertisements
The story of the day is the 2,000cr tax notice that Nokia’s received in India for alleged evasion of taxes. Â The court granted Nokia an interim after the Finnish company filed a petition challenging the order. Â On March 21st, Nokia was meant to pay within a week a sum of 2,000cr. That’s actually an equivalent of about 360 MILLION USD/300 M Euro. Quite a sum, considering Nokia invested 330 Million USD simply in the Chennai factory alone, it’s the last thing Nokia needs on its plate when balancing profitability.
Nokia said it is in full compliance with the laws related to its business operations.
Source: TimesOfIndia
Cheers Alvester, Jiipee and ABA for the tip!
Advertisements
Category: Nokia
About the Author (Author Profile)
Hey, thanks for reading my post. My name is Jay and I'm a medical student at the University of Manchester. When I can, I blog here at mynokiablog.com and tweet now and again @jaymontano. We also have a twitter and facebook accounts @mynokiablog and  Facebook.com/mynokiablog. Check out the tips, guides and rules for commenting >>click<< Contact us at tips(@)mynokiablog.com or email me directly on jay[at]mynokiablog.comSubscribe
If you enjoyed this article, subscribe to receive more just like it.
Connect
Connect with us on the following social media platforms.