Samsung Faces USD 601 Million Tax Demand Over Telecom Equipment Sold to Reliance Jio: Report
The Indian government has ordered Samsung and its executives in the country to pay USD 601 million in back taxes and penalties for allegedly misclassifying telecom equipment imports to evade tariffs, a government order reviewed by Reuters revealed. Samsung imported and sold these items to Mukesh Ambani's telecom company, Reliance Jio. Investigation into Samsung According to the report, the investigation into Samsung commenced in 2021 when tax inspectors raided its... Read More