Nokia protests against tax investigation

Feb 13 2013, 03:40 IST
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SummaryNokia said on Tuesday it was protesting against a tax investigation in India, in the latest dispute involving a foreign company’s taxation.

Nokia said on Tuesday it was protesting against a tax investigation in India, in the latest dispute involving a foreign company’s taxation. Nokia said it has not yet received any information on potential claims resulting from the investigation that started in January. Nokia said the actions of the tax authorities were “unacceptable and inconsistent with Indian standards of fair play and governance”. The company objected to officials entering its factory in Chennai. A tax official said in January that the investigation related to allegations that Nokia may have evaded around $558 million in taxes. Nokia said on Tuesday it was in full compliance with local laws as well as a bilateral tax treaty between India and Finland related to withholding tax.

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