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Chinese Vivo officials flee India

China
Life expectancy, 1970- 59 years
Literacy rate, 1970- 55%

1979, China has a population of 1 billion. Life expectancy ~ 66 years.


1979, China has a population of 1 billion. Literacy rate ~ 73%
 
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1979, China has a population of 1 billion. Life expectancy ~ 66 years.


1979, China has a population of 1 billion. Literacy rate ~ 73%
In 1982, your literacy rate was 66%, how come it was 73% in 1979?

 
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The Delhi High Court on Friday directed the Enforcement Directorate to take a decision on the representation made by Chinese smartphone maker Vivo, seeking permission to operate its frozen bank accounts.

Justice Yashwant Varma also asked ED's counsel to obtain instructions in the petition challenging the agency's action in connection with a money-laundering probe initiated by it, by Wednesday.

Vivo claims that nine of its bank accounts holding approximately Rs 250 crores have been frozen by the central agency.

ED alleges that the company remitted almost 50% of its total sales, which is Rs. 62,476 crore, to China, in order to disclose huge losses in Indian incorporated companies to avoid payment of taxes in India.

Vivo had sought urgent listing of its plea, claiming that the impugned would not only impede its existing business operations but would also have an adverse effect on its operations in India and across the globe. Vivo argued that all of its accounts, including the online sales accounts were frozen. This had resulted in the company's functionality to come to a standstill and would ultimately cause Vivo's "civil death"

Vivo's counsel argued that if the amounts in the company's bank accounts remain frozen, it would not be able to pay statutory dues to the competent authorities under various enactments, leading it to be further in violation of law. It would also prevent the payment of salaries to thousands of employees of the company.

Counsel for ED on the other hand submitted that as per its investigation, in 2014, a company 'GPICPL' was set up and registered on basis of forged documents by Bin Lou, who is also a common director of petitioner. He had incorporated a total of 18 companies across the country and all orders placed in India were placed through these companies. As per the ED, these companies were found to have transferred huge amount of funds to Vivo India. Further, out of the total sale proceeds of Rs. 1,25,185 crores, Vivo India remitted Rs. 62,476 crores. i.e, almost 50% of the turnover out of India, mainly to China

Nothing new here. Chinese simply don't know how to follow laws. Their mindset is to steal.
 
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These companies are ridiculous. Not happy with their revenue/net profit, they have to transfer money to the homeland to avoid paying corporate taxes.

Maybe it's pre-mediated as India cracks down on Chinese businesses. The owners can cut and run and keep all the money as the Chinese government will protect them and give them extra social credits for a job well done.
 
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These companies are ridiculous. Not happy with their revenue/net profit, they have to transfer money to the homeland to avoid paying corporate taxes.

Maybe it's pre-mediated as India cracks down on Chinese businesses. The owners can cut and run and keep all the money as the Chinese government will protect them and give them extra social credits for a job well done.

It's a cultural thing for them. They can't help it.
 
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What 55 and 78? What number is this? Dalit's IQ?
Like I said, it's in the Han DNA to lie, cheat and defraud. They are born like this. Other societies look down upon such people but only in China it's a "way of life".
That's why no one ever trusts dirty Chinese anywhere in any walk of life.



As for IQ goes, consider it an established fact that the combined IQ of all the Hans on the forum will barely challenge that of my hamster.
Y'all just a bunch of pitiful gutter-oil fed internet labourers who spam the internet using VPNs so that you can keep bread on your table the next morning. Lol!
 
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Like I said, it's in the Han DNA to lie, cheat and defraud. They are born like this. Other societies look down upon such people but only in China it's a "way of life".
That's why no one ever trusts dirty Chinese anywhere in any walk of life.



As for IQ goes, consider it an established fact that the combined IQ of all the Hans on the forum will barely challenge that of my hamster.
Y'all just a bunch of pitiful gutter-oil fed internet labourers who spam the internet using VPNs so that you can keep bread on your table the next morning. Lol!
When Indians say that others lie. This is the biggest joke of the 21st century. Remember! You are Indian! Lying and boasting are Indian traditional culture and genes!







When Indians say that others lie. This may be "India 2030" version 2.0 lolll

In our modern civilized world. 1 billion Indian Untouchables are sub human races that rape and eat lizards! It's like bragging and lying. This is your traditional culture. LOL. :cheesy:

How many lizards did you rape today? Please don't lie! Respect your traditional culture and genes. LOL.:enjoy:

Finally, don't forget to eat your lizard bride.:rofl:

CATERS_MONITOR_LIZARD_IN_MOUTH_01-768x1151.jpg

Is this you? 150cm little Indian.:enjoy:

Again. 150cm little Indians still believe that they are as tall as Yao Ming. They don't even have running water and toilets! What shameless and inferior nation is this?!!

Considering the IQ of 300million people in India and the lying genes in India (the remaining 1billion are not human!). India pays $70billion to China every year. India will always stay in the poor and backward third world! LOL
 
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It's a cultural thing for them. They can't help it.
It seems like this kind of distrustful behaviour is seen as some sort of achievement. Very distasteful. I wonder if there are examples of such cases in other countries. Corporations are always looking to pay as little tax as possible but this takes it to a whole new level.
 
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They say they have a market share of 15-20% in India and yet their tax revenue is too low. They are sending money out of company account through illegal means. India has been a great market for them. I don't understand why would they try to cheat the GoI for a few millions of dollars. Perhaps it's their businessmen's reputed for fleecing.
Their best way to go forward is to have an Indian investor having 50% share in their Indian company.
In China these companies bribe CCP officials and they look the other way for taxes, malpractices etc

In India if the current ruling party is caught in corruption scandal with Chinese of all people, its political suicide for them

China Charges Ex-Hangzhou Party Chief With Taking ‘Huge’ Bribes

In China its much easier to get away corruption, Winne the pooh's family is a shining example of it

As China’s Leader Fights Graft, His Relatives Shed Assets

Panama papers: China leaders' relatives named in leaks
Documents leaked from Panama name family members of the Chinese President, Xi Jinping, and two other members of China's elite Standing Committee, Zhang Gaoli and Liu Yunshan.
Relatives of the three men are listed as directors or shareholders in firms located in known tax havens.

Corruption is way of life for the elite in hanland of melamine milk and adultered honey

China’s Illicit Outflows Were US$1.08 Trillion from 2002-2011
In other words, if we break down above data.
Thats $140 billion losses per year
$12 billion in a month
$400 million a day
$16.6 million in an hour

By the time you are done reading this post, a corrupt Chinese CCP official would have laundered off $1.38 million illegally which could have been life savings of some several Nanking migrant workers.
 
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What is "Chervrolet"? A Chinese company which reverse engineers Chevy cars?
Naking whore whining of sore losers

Years ago when China lost bullet train contract to Japanese in India, these creatures here had circle jerk comfort session orgy of how its great for China to lose the contract and
squealing how Chinese firms should not invest in India etc


Years later, back to square of one of queefing and wailing
 
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Even though I don't care about India at all but since I have worked with Chinese technological firms in Pakistan , I can say those firms never waste an opportunity to evade taxes plus they use under the table tactics to win a contract
Chinese firms are like any other firms of the planet which try to evade taxes

Only difference, delusion among Chinese firms they can go extent of exploitation with the belief that Chinese Govt will back them fully
 
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