Microsoft could lose key Nokia manufacturing plant in India

  • 20 March 2014
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Userlevel 7
Sam Sambri wrote:
Nokia, BMW, IBM, Vodafone, and Royal Dutch Shell are just a few of the multinational companies caught up in tax battles with the Indian government. A few days ago we learned that an Indian Supreme Court ruled that Nokia must deposit $571 million into an escrow account before it can transfer a key manufacturing plant to Microsoft.
As you know, Microsoft is trying to finalize its deal to acquire Nokia’s phone unit for $7.3 billion. Microsoft and Nokia hope to finish the deal before the month ends. However, the Indian government is making things a little tricky for the two companies.

 Read here.

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