India Fines Samsung $601M
This is a India news story, published by Yahoo Finance, that relates primarily to Samsung news.
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Technology
Exclusive-India slaps Samsung with tax demand of $601 million for telecom imports

78% Informative
Samsung ordered to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment.
The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India .
Samsung pushed India 's tax authority to drop scrutiny, saying the component did not attract tariffs.
The incident comes as India toughens oversight of foreign companies and their imports.
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