Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 18 January 2013 10:57

Indians claim Nokia plays tax-evaders

Written by Nick Farrell



Computer game for businessmen


The Indian affiliate of global accounting firm PricewaterhouseCoopers was quizzed by tax authorities looking into possible tax evasion by Finnish phone maker Nokia.

Indian tax men raided Nokia's production unit in Chennai, one of the company's biggest facilities. According to the Indian government the investigation related to allegations that Nokia may have evaded around $55 million  in taxes. Nokia has said it was cooperating with the probe.

PwC's arm in India both audits and provides tax advice to Nokia. Auditor independence standards in India allow firms to both audit and provide tax advice to the same client, he added. Meanwhile British telecommunications carrier Vodafone Group is also being pressed for payment of $2 billion in disputed taxes in India on its 2007 acquisition of mobile telecom assets.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments