Nokia (NOK) Offices in India Raided Over Looming Tax Bill
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Nokia's (NYSE: NOK) offices in India garnered some attention today, but not the kind of attention you want to have.
According to India Times, Nokia's offices in Chennai were raided by Income Tax officials. The officials said that Nokia has not paid taxes while in India.
Nokia is said to have skipped out on 3,000 crore (about $545 million) in taxes, according to the Times.
No word on whether production has stopped in India or not. Nothing official has been released by either Nokia or India on the raids.
Shares are indicated for a higher open Tuesday.
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According to India Times, Nokia's offices in Chennai were raided by Income Tax officials. The officials said that Nokia has not paid taxes while in India.
Nokia is said to have skipped out on 3,000 crore (about $545 million) in taxes, according to the Times.
No word on whether production has stopped in India or not. Nothing official has been released by either Nokia or India on the raids.
Shares are indicated for a higher open Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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