Income tax officials visited Nokia’s production unit in Chennai, India earlier today. The officials were allegedly looking for some mismatch in payments made by the company. Nokia is fully cooperating in their inquiry. Official statement after the jump.
Earlier today, tax officials visited Nokia’s manufacturing unit in Chennai. Nokia is fully cooperating to ensure they get the necessary information to help in their inquiry. Our operations in Chennai are continuing unaffected.
As a global company, Nokia consistently fields a large and steady number of tax queries, audits and assessments. Nokia’s commitment to being a good corporate citizen is firm and unwavering: we always observe applicable laws and rulings in the countries where we operate. This has been a core principle of our operations in India, where Nokia has been present since 1995.
The timing of this tax query is interesting since the product launches for the new Nokia Lumia 920 and 820 are expected in the next few days. Let’s see if this incident has any effect on the release date.
Photo: 401(K) 2013