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.Read here.
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.