India tax officials raid Nokia facility
The company has confirmed that it's cooperating with a probe by India's tax authorities, but it's not clear exactly what they were looking for.
A Nokia facility in Chennai, India, was raided earlier today by country tax authorities.
According to Reuters, which was first to report on the incident, Nokia confirmed to the news service that a raid was conducted on an office in the southern India city and that the company is cooperating with the probe, but declined to provide further details. An Indian tax official told Reuters that the raid relates to allegations of possible tax evasion against the smartphone maker.
The tax default is believed to be around 30 billion rupees ($543 million), the official told Reuters.
Technology companies commonly find legal ways to save taxes in international markets. Apple, for example, reported in November that itGoogle, too, has found ways to safeguard its profits.
The nature of Nokia's India investigation is not currently known. CNET has contacted Nokia for further details on the investigation. We will update this story when we have more information.