MNCs in India accused of not passing on benefits from tax cuts: Report

Topics Tax benefits | Samsung

Indian tax authorities have alleged that a number of big multinational companies have not passed on benefits from a tax cut to customers, a senior government official told Reuters.

The official said, for example, that the tax authorities have alleged that US consumer goods maker Procter & Gamble did not pass on more than $35 million in tax benefits which were meant to have gone to its customers. Separately, the authorities are also investigating South Korea's Samsung Electronics and US drug maker Johnson & Johnson among others,.....

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