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Nokia says that its tax issues in India won't delay Microsoft's purchase of the company

0. phoneArena posted on 14 Feb 2014, 14:51

Back in December, we told you about some tax issues in India that Nokia was suffering through. At the time, there was some concern that the tax problem could block Microsoft's $7.4 billion purchase of Nokia's Devices and Services division. As part of the acquisition, Redmond based Microsoft was to take ownership of a handset manufacturing facility in Chennai. However, the Indian government seized the factory to settle Nokia's unpaid tax bill in the country...

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posted on 14 Feb 2014, 14:56 5

1. PapaSmurf (Posts: 10457; Member since: 14 May 2012)

Better pay up That $3.4 billion Nokia.

posted on 14 Feb 2014, 15:26 3

9. tech2 (Posts: 3487; Member since: 26 Oct 2012)

ikr. In short, Nokia is saying we'll not pay the tax even if it means leaving 30,000 unemployed.

posted on 14 Feb 2014, 20:32

12. ScottSchneider (Posts: 336; Member since: 06 Dec 2011)

There is a Correction... There are only close to 8k employees working there at Nokia India Facility.. The other count is from Nokia's suppliers... Foxconn, Wintek, LOM, BYD, SANMINA.... Directly +8k.. Indirectly +20k...

posted on 14 Feb 2014, 14:57

2. PBXtech (Posts: 1032; Member since: 21 Oct 2013)

I wonder if this could have any impact on their phones being sold in India? If so, the government has the leverage. If not, sounds like Nokia does.

posted on 14 Feb 2014, 15:36 3

10. X.E.R.O. (unregistered)

I don't like the fact that Nokia is using the unemployment of their 30,000 employees as leverage to get their way. Cheap shot IMO.

posted on 14 Feb 2014, 18:37

11. Liveitup (Posts: 1798; Member since: 07 Jan 2014)

What unemployed 30,000 are you talking about?, care to explain?, Nokia employees who were with the company when it was bought by MS are now working on future Lumias, all 32,000 of them, I think you are misinformed.

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