Nokia confirmed today it has been slapped with a demand for back taxes by Indian tax authorities.
According to Reuters, the Finnish phone maker was hit with a demand for income taxes 20.8 billion rupees ($383 million) going back five fiscal years.
It comes only a month after one of Nokia's factories in India was raided by the country's tax authorities.
The tax demand was issued on March 15. A stay has been placed on the demand, though, allowing Nokia to appeal the decision.
Nokia responded to Reuters' request for comment with a statement that "it … Read more