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Nokia Takeover In Jeopardy Due To Alleged $3.4B Tax Bill In India
New submitter Snotboble_ writes "The government of India apparently thinks Nokia owes a lot of taxes. They originally told Nokia that the company owed around $340 million, but now reports suggest it could be an order of magnitude higher. Such a large liability would have consequences for Nokia's sale of its handset division to Microsoft. From the article: 'Nokia Corp.'s tax troubles in India worsened Tuesday as local authorities ratcheted up the amount of tax they say the Finnish company may owe to more than $3 billion. Nokia's battle to defend itself from the claims—one of the latest surprise tax bills slapped on big foreign companies in India—could affect its plans to sell its handset division to Microsoft Corp. as the phone company's factory in India is part of the $7 billion deal.'"
I'm not sure I like your tone.
You have a problem with his skin color?
If you want news from today, you have to come back tomorrow.
The color's fine, it's just too flabby.
poetic irony (n.) Using the phrase "Alas!" instead of "At last!" in a pedantic celebration of correctness.
I'm out of my mind right now, but feel free to leave a message.....
Massive loss of investment ? my foot !
Has the West ever bothered to give back anything that it has looted out from the East ? All it has ever been upto is stealing and corrupting everything - labour, natural resources, people's mindset and even its grand legacy !
India has always been rich in its resources - be it human, natural or spiritual.... Creating a desire against all the goodness we've always possessed is all that has been managed by the plundering West ! Now that the West is in the brink of a total collapse, we'll happily return back to our Roots...
We're praying that the Govt. play the spade and take NOK/M$FT for a ride !!
Just take a survey of all Indian government software licenses. Given the expense and the insanity involved in tracking MS licenses, I'm sure that they could be found to owe at least 3.4 Billion in Licensing and penalty costs.
Well.. maybe. Or Maybe not. But Definitely not sort of.
Finland invaded India?