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Indian government reportedly orders Samsung to pay $601 million in back taxes for alleged tax evasion

Summary by India Today

Indian government has reportedly directed Samsung and its executives to pay $601 million in back taxes and penalties for allegedly evading tariffs on the import of essential telecom equipment.

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Stalinist-led CITU orders end to Samsung India strike leaving 23 suspended workers in the lurch

For the second time in six-months, the CITU abruptly ended a militant strike of workers at Samsung’s factory in Tamil Nadu, India, without any of the workers’ demands being met.

3 days ago·United States

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India Today

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Indian government reportedly orders Samsung to pay $601 million in back taxes for alleged tax evasion

Indian government has reportedly directed Samsung and its executives to pay $601 million in back taxes and penalties for allegedly evading tariffs on the import of essential telecom equipment.

3 days ago·India

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London Tech News | londonlovestech.com

Samsung ships 36 million fewer smartphones per quarter than ten years ago

Although Samsung has been the world’s largest smartphone producer for the past fifteen years, the shipment gap between the South Korean giant and its biggest rival, Apple, has decreased significantly. While Apple`s quarterly shipments grow, Samsung`s are plunging, and the ten-year difference is quite shocking. According to data presented by Stocklytics.com, Samsung now ships 36 million fewer smartphones per quarter than it did ten years ago. Ove…

2 days ago

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studycafe.in

Samsung Faces $601 Million Tax Demand Over Telecom Import Discrepancies

Samsung Faces $601 Million Tax Demand Over Telecom Import Discrepancies South Korean tech leader Samsung is facing trouble with Indian tax authorities, who have issued a $601 million tax demand. This makes it one of the biggest tax disputes involving a foreign company in recent years. The tax dispute revolves around claims that Samsung, the […]

3 days ago

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Inventiva

Battle For Billions! Samsung’s $601M Tax Dispute Could Reshape India’s Economy

The government issued Samsung a $601 million tax notice, which is a major step that indicates India’s increasing authority over import tariff caps. The South Korean tech firm was fined for supposedly underreporting telecom gear in 2018-2021 in an attempt to avoid paying customs duty. One of the most important tax matters a multinational company …

3 days ago

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The Tech Outlook

Samsung and its Executives Fined With USD 601 Million by India: Misclassified Imports and Evaded Tariffs - The Tech Outlook

India which is considered to be one of the key markets for the South Korean tech maker – Samsung has asked the brand along with seven of its executives to pay a fine of USD 601 for misclassifying an import good and thereby evading tariffs. The dispute is with regard to the import of Remote Radio Head – for which the brand hasn’t paid any dues from 2018 to 2021. Read more about the news below. Samsung and Seven Executives Fined USD 601 Million in…

3 days ago

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