Reuters: Technology News: Nokia fined by Indian tax officials, court issues stay

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Nokia fined by Indian tax officials, court issues stay Mar 28th 2013, 09:49 Tweet Share this Email Print Related News INDUSTRY VIEW 5-India budget raises taxes on some companies Thu, Feb 28 2013 Analysis & Opinion Essential reading: TurboTax's lobbying fight, and more The end of a dream Related Topics Investing and Taxes Simplified » Tech » Low-cost handsets from Nokia on display at a Nokia store in the western Indian city of Ahmedabad March 4, 2013. Credit: Reuters/Amit Dave HELSINKI | Thu Mar 28, 2013 5:19am EDT HELSINKI (Reuters) - Nokia said on Thursday that Indian tax officials had issued the Finnish mobile phone maker with a fine although the Delhi High Court issued a stay on the demand. Nokia did not comment on the amount. In January a senior Indian tax official said there was an investigation related to allegations that the firm may have evaded around 30 billion rupees ($552 million) in taxes. "Nokia reiterates its position is that it is in full compliance with local laws as well as the bilaterally negotiated tax treaty between the governments of India and Finland, and will defend itself vigorously," it said. ($1 = 54.3800 Indian rupees) (Reporting by Ritsuko Ando; writing by Terhi Kinnunen; editing by Jason Neely) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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