{"id":6756,"date":"2010-05-05T18:44:43","date_gmt":"2010-05-05T16:44:43","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6756"},"modified":"2010-05-05T18:44:43","modified_gmt":"2010-05-05T16:44:43","slug":"hp%e2%80%99s-woes-continue-with-325m-indian-tax-evasion-claim","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/05\/05\/hp%e2%80%99s-woes-continue-with-325m-indian-tax-evasion-claim\/","title":{"rendered":"HP’s woes continue with $325m Indian tax evasion claim"},"content":{"rendered":"

HP’s woes continue with $325m Indian tax evasion claim<\/a>.<\/p>\n

Information Age reports:<\/p>\n

Hewlett-Packard’s difficult year continued this week when India’s Directorate of Revenue Intelligence accused the IT giant of customs duty evasion to the tune of Rs 1,450 crore ($325 million).<\/p>\n

The company<\/a> has strenuously denied what the Times of India describes as “the biggest customs duty evasion by any company in India”, saying it will challenge the allegations \u00e2\u20ac\u0161\u00c3\u201e\u00c3\u00b2through the judicial process’.<\/p>\n

The DRI alleges that HP’s Indian division, Hewlett Packard India Sales Pvt Ltd, undervalued computer equipment it imported<\/a><\/p><\/blockquote>\n

This is, of course, an allegation as yet. But it's worth highlighting. Some (oh well, for the sake of the record - let's call them Oxford University's Centre for the non-Taxation of Business) claim that<\/a> multinational corporations artificially transfer price into a location such as India, so creating a corporation tax liability there becasue this favours them.<\/p>\n

As this allegation, however, reveals, and as those who have worked in such countries consistently report,<\/p>\n

That's not true. No doubt in this case it is alleged that the duty saving is greater than any additional tax paid on profits. So India will still be losing.<\/p>\n

It's a shame some tax academics really know so little about the complexities, comprehensiveness and inter-activity within tax systems when they write misleading reports and make incorrect claims.<\/p>\n","protected":false},"excerpt":{"rendered":"

HP’s woes continue with $325m Indian tax evasion claim. Information Age reports: Hewlett-Packard’s difficult year continued this week when India’s Directorate of Revenue Intelligence accused
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,55,51],"tags":[],"class_list":["post-6756","post","type-post","status-publish","format-standard","hentry","category-development","category-tax-evasion","category-transfer-pricing"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6756"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6756\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}