View Cart (0 items)
Food & Beverage

Kraft Investigated by India for Possible Tax Evasion

January 04, 2011
/ Print / Reprints /
| Share More
/ Text Size+

According to Bloomberg, India is probing whether Kraft Foods Inc. evaded taxes when it acquired Cadbury Plc last year for $19 billion, the New York Times reported. The probe by India’s Ministry of Finance follows a public interest lawsuit filed in the Delhi High Court last year in which a Delhi-based lawyer said Kraft avoided tax liabilities related to the sale of shares and capital assets in India, the newspaper said.

You must login or register in order to post a comment.