Nokia and Shell bemoan India’s scrutiny over transfer pricing

Uncertainty remains in India's tax law, despite reassurances from the country’s finance minister
Nokia and Shell bemoan India’s scrutiny over transfer pricing

Nokia filed letters of complaint with Indian tax authorities protesting a ‘tax raid’ on their factory in Chennai, India. The mobile phone maker claims it undermines finance minister, Palaniappan Chidambaram’s attempts to assure foreign investors the country is not a regulatory basket case.

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