Nokia may be in trouble as the offices of thee Finnish based mobile phone manufacturer in India have been raided. It is alleged that the company evaded tax of $545Million USD – that’s about 3000 Crore Rupees in Indian currency. The Income tax department raided their offices in Chennai and their factory in Sriperumbudur.
A Nokia represensative told to The Econominc Times, “Yes, the raids are on. I will call back.” but The Next Web got an update earlier today, they said that the tax officials “visited” their manufacturing unit and the company is fully cooperating to ensure that the necessary information is given, however the operations are not affected.
They’ve also said the following:
As a global company, Nokia consistently fields a large and steady number of tax queries, audits and assessments. Nokia’s commitment to being a good corporate citizen is firm and unwavering: we always observe applicable laws and rulings in the countries where we operate. This has been a core principle of our operations in India, where Nokia has been present since 1995.
Source: TNW | The Economic Times
Reveal the mysteries within the Ghost Cipher Special Edition controller, featuring a transparent clear design,…
TRI FROZR 3: Stay cool and quiet. MSI’s TRI FROZR 3 thermal design enhances heat…
Enter a new era in gaming audio with the PULSE Elite wireless headset. Enjoy extraordinary…
As a result of extending the Transition and Legacy arrangements from 01 January 2023 to…
It's been less than 48 hours since its debut on PC and Xbox, and yet…
AMD Socket AM5: Supports AMD Ryzen 9000 Series, 8000 Series, 7000 Series Processors Twin 16+2+2…