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Nokia loses court ruling in Indian tax dispute
2014-02-12 15:18:00| Telecompaper Headlines
(Telecompaper) Nokia faces a setback in plans to transfer its Indian handset assets to Microsoft, after a new court ruling set additional conditions on the deal. In December, Nokia appeared to win an important reprieve in the group's USD 1.1 billion tax dispute in India, when a court in New Delhi ruled that company could transfer the Chennai factory. However, last week another court ruling imposed extra conditions on the company, which it said were "unacceptable", the Financial Times reports. Nokia said it would not be able to transfer the assets and the ruling puts the continuity of its operations in India in jeopardy. It has filed an appeal with the Supreme Court in the hope of reversing the ruling. The court asked Nokia to make an open-ended guarantee that the company would meet any future tax claims relating to the dispute. Nokia said this would stop the group defending itself against claims, a step it is unwilling to take. Nokia's original dispute related to tax allegedly due on payments by the group's Indian subsidiary to its Finnish parent.
VIDEO: Cayman tax system 'one of the best'
2014-02-12 14:34:23| BBC News | Business | UK Edition
The Premier of the Cayman Islands, Alden McLaughlin, has tells BBC HARDtalk that the territory has one of the best regulated tax systems in the world.
India set to walk out on Vodafone tax talks
2014-02-12 01:00:00| Total Telecom industry news
Operator's bid to include two tax disputes in one set of talks may land it in hot water.
Tax tips: Deferred grain sales
2014-02-11 21:52:00| Corn & Soybean Digest
Source: South Dakota State University Extension Deferred payments may allow grain farmers to more effectively manage each year's taxable income. read more
Fines for 710,000 missed tax returns
2014-02-11 16:38:12| BBC News | Business | UK Edition
Hundreds of thousands of people will receive automatic fines at the end of the month for failing to submit their tax return before a deadline.
Tags: returns
tax
missed
fines
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