Nokia has been involved in a long term tax battle with the Indian government for more than a year now, and things don’t seem to be getting any better for the Espoo company. Adding fuel to this fire is the Tamil Nadu government, which has recently moved to assess sales tax for devices that are exported from the Chennai Sri Perumbudur manufacturing facility. Nokia claims that these allegations from the government are baseless, as, by law, exports are exempt from taxes. With yet another tax evasion claim, it will be even harder for Nokia to complete its transition in time for the Microsoft acquisition.
Continue reading “Nokia rebuts Tamil Nadu Government’s tax claim, as acquisition nears”