India Turns up Heat on Huawei Over Tax Evasion – ET

[Skull and Bones]

After Xiaomi and Vivo, India is now turning up the heat on the local unit of another Chinese technology company, Huawei, accusing it of making illegal remittances to its parent in China in an attempt to evade taxes, The Economic Times reported.

Pointing to alleged anomalies in the revenues reported by Huawei Telecommunications India, the Indian tax officials said the local arm remitted 7.5 billion rupees, or around $95 million, over two financial years despite suffering falling revenue, the report added.

India Turns up Heat on Huawei Over Tax Evasion - ET

After Xiaomi and Vivo, India has now accused Huawei it of making illegal remittances to its parent in China to evade taxes.

www.asiafinancial.com

So the witch hunt has begun.

 

[firohot4321]

Fyi tax dodging is done by nearly every tech company especially American giants like apple Google Amazon

 

[Skull and Bones]

Fyi tax dodging is done by nearly every tech company especially American giants like apple Google Amazon

True, and they have been subjected to investigations in few nations in Europe and Asia.

 

[vi-va]

Now, Chinese companies knew very clear that India will blackmail them no matter what they did in India.

Thank you, India. Thank you, BJP/Modi.

 

[Abu Shaleh Rumi]

Almost every company does this "Tax dodging"thing. They must be forced to pay their fair share...

 

[Skull and Bones]

Almost every company does this "Tax dodging"thing. They must be forced to pay their fair share...

True, once you get caught, you're screwed. Chinese firms are feeling the heat now, because of malpractices of few, all will be scrutinized.

 

[Finer]

True, once you get caught, you're screwed. Chinese firms are feeling the heat now, because of malpractices of few, all will be scrutinized.

It also sends the message to the potential investors that India is not friendly to investments. It is very tricky position to be at.

 

[Skull and Bones]

It also sends the message to the potential investors that India is not friendly to investments. It is very tricky position to be at.

No one is/should be friendly to tax evaders.

 

[Abu Shaleh Rumi]

True, once you get caught, you're screwed. Chinese firms are feeling the heat now, because of malpractices of few, all will be scrutinized.

BTW, don't you think this kind of negative publicity will discourage potential investors? As this "Tax dodging" thing is common in corporate sector.

In Bangladesh even companies like Chevron and telenor does Tax dodging...

Government should investigate, prosecute and penalize quietly. No?

 

[Skull and Bones]

BTW, don't you think this kind of negative publicity will discourage potential investors? As this "Tax dodging" thing is common in corporate sector.

In Bangladesh even companies like Chevron and telenor does Tax dodging...

Government should investigate, prosecute and fine quietly. No?

Wasn't Apple's unfair tax practices in Ireland and EU heavily publicized?

 

[Abu Shaleh Rumi]

Wasn't Apple's unfair tax practices in Ireland and EU heavily publicized?

Ahh, I have no idea about that actually...