India Accuses China’s Huawei of Tax Evasion
India’s tax authorities accused China’s Huawei Technologies of tax evasion by manipulating account books to inflate costs and reduce taxable income.
The Chinese telecom equipment giant might have taken advantage of loopholes in its royalties, India’s Income Tax Department said Thursday in a statement. The findings resulted from an investigation after tax authorities raided Huawei’s offices in three Indian cities Feb. 15.
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