Nokia protests against new $414 million tax claim

Tags: Companies
Finland's Nokia on Friday said it had received a new 300 million euro sales tax claim from a regional authority in India, adding that it considered the claim "absurd".

Nokia told Reuters it had filed a writ to protest Tamil Nadu authority that claimed that handsets produced in the company's Chennai plant were not exported but instead sold in India.

"Nokia considers the claim to be completely without merit and counter to domestic tax laws," the company said, and added the new claim had nothing to do with the closing of its deal to sell its phone business to Microsoft.

India's Supreme Court last week in a broader tax dispute ordered Nokia to give a 35 billion Indian rupee guarantee before it transfers the Chennai plant to Microsoft.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture