Seeking Alpha
  • C. Guivi
    So how much will $NOK have to pay in Indian fantasy taxes in the end? $60 million?
    1/9/13
    Reply (11)
    • Seppo Sahrakorpi: No one knows. In principle it could $550M plus triple damages. In practice Nokia has to make some appeasements to the Indian gov...
      1/9/13
    • Seppo Sahrakorpi: ...and then pay some nominal fee. Or they do not pay anything, ala Vodafone, in a similar shakedown case.
      1/9/13
    • C. Guivi: That amount of money would be worthwhile if spent for more security in the streets!
      1/9/13
    • Seppo Sahrakorpi: $2B would hurt Nokia for sure, but such a shakedown would also hurt the Indian gov, when it comes to how foreign businesses see India...
      1/9/13
    • Seppo Sahrakorpi: ... as a place to do business.
      1/9/13
    • C. Guivi: yes, no matter what Nokia did or not did, if they charge too much, it will hurt India. It is clear by the amount claimed...
      1/9/13
    • C. Guivi: ...that the authorities are making up some fictitious multi-year calculation, just in the style of the other cases.
      1/9/13
    • C. Guivi: That is, they are trying to rise the costs of the location for business after the fact. That says a no good about Indian state governance..
      1/9/13
    • C. Guivi: and as there are many new alternatives, corporations may think twice about going to extending business with India. ...
      1/9/13
    • C. Guivi: So my estimate is really that it will be like 10% of the original claim in the end and that it will take years till a settlement is in place
      1/9/13
    • Abu Bakr Hussain: it's a shakedown alright. triple damages won't happen.. i'd say $100mn after 2 odd years.
      1/9/13