Nokia Says Indian Court Grants Stay on Government Tax Demand
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Nokia Oyj, the Finnish mobile-phone maker struggling with falling sales and mounting losses at its handset unit, said the Delhi High Court granted an interim stay on an Indian claim of unpaid taxes.
“Nokia confirms it has received an order from Indian tax officials,” Brett Young, a Nokia spokesman, said in an e-mailed response to questions today. “Nokia reiterates its position that it is in full compliance with local laws as well as the bilaterally negotiated tax treaty between the governments of India and Finland, and will defend itself vigorously.”