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Samsung tax demand...
Financial Express Kolkata
|March 26, 2025
INVESTIGATORS FOUND THAT Samsung 'transgressed all business ethics and industry practices or standards in order to achieve their sole motive of maximising their profit by defrauding the government exchequer', Bajaj added.
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Samsung was ordered to pay $520 million, consisting of unpaid taxes and a penalty of 100%. Seven India executives face fines of $81 million, among them the network division's vice president, Sung Beam Hong, chief financial officer Dong Won Chu and Sheetal Jain, a general manager for finance, as well as Nikhil Aggarwal, Samsung's general manager for indirect
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