MUMBAI—Finnish phone giant Nokia said Tuesday it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as "excessive and unacceptable." Officials last month raided one of Nokia's manufacturing units in the southern city of Chennai as part of an investigation into tax department suspicions that it may have evaded taxes totaling 30 billion rupees ($545 million). Nokia, which strongly denies evading any taxes, said it had sent a "letter of objection" to Indian tax authorities. "The actions of the income tax authorities in Chennai are excessive, unacceptable and inconsistent with Indian stan...
Keep on reading: Nokia slams India tax raid as ‘excessive’
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