An Indian court ruling expected on Thursday could determine whether Nokia will be free to transfer a phone-making factory to Microsoft Corp or pay as much as $3.4-billion in disputed taxes.
The Chennai plant is one of Nokia’s biggest phone-making factories and was seized by authorities because of tax claims. Nokia appealed the seizure and has been trying to end the dispute ahead of the sale of its mobile phone business to Microsoft in a 5.4 billion euro ($7.4-billion) deal.
No comments:
Post a Comment