Seeking Alpha
  • Energysystems
    $NOK becomes another multinational to be attacked by India...backward thinking doesn't get you anywhere lol
    1/8/13
    Reply (20)
    • turtledividend: Nokia should of launched earlier India, overwhelming anticipation must've sparked a flame within the inner telecom india circle.
      1/8/13
    • turtledividend: Easy to conspire in such a corrupted market. Someone got paid off big time for nothing.
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    • Energysystems: That's all India is attempting to do, a legislative shakedown.
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    • turtledividend: I was actually watching this while having my breakfast earlier http://bit.ly/VIv6um very humanizing.
      1/8/13
    • Eld: India is looking for money. Imagine, you can set up a foreign company in India with 100% ownership :)
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    • turtledividend: Im taking a breaking, I'm gonna purchase me a $20 cup of coffee from starbucks w/ my name written on the cup. That should boost my esteem.
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    • Zhang Fei: "you can set up a foreign company in India with 100% ownership :) " Welcome to my parlor, said the spider to the fly.
      1/8/13
    • Charles Santerre: Anyone have knowledge of a similar past incident in India and the outcome? Such a steep fine can be devastating on $NOK...
      1/8/13
    • turtledividend: Vodafone also received a notice that it owes India more than $2billion in taxes for a 2007 purchase stake for a telecom company in India.
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    • turtledividend: Vodafone vs India tax officials http://bit.ly/11dxEVe
      1/8/13
    • Energysystems: Yep, same thing going on with VOD, India's legislators are attempting to tax previous deals going back to 1965(ish). Even after India's...
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    • Energysystems: Supreme Court sided with VOD in that tax case.
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    • turtledividend: India's government is looking for ways to help lower the country's wide fiscal deficit. Tax avoidance is the norms for big companies.
      1/8/13
    • Energysystems: India's gov't is looking to shakedown multinationals. http://bloom.bg/O3l15G They're running out of their own to loot from.
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    • Zhang Fei: Imbroglios like this are when when Indian officials take MNC chiefs on junkets urging them to build in India, most smile, nod and say
      1/9/13
    • Zhang Fei: "I'll think about it", and nothing ever happens. Joe Blow, who's thinking of opening a plant abroad, is looking at NOK and crossing India
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    • Zhang Fei: off his list. If NOK, with its financial and political muscle, gets this kind of grief, Joe Blow has no chance. Even Enron was screwed
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    • Zhang Fei: by India to the tune of billions. NOK should have just learned from the past. Instead, its CEO chose to repeat those mistakes. Indophilia
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    • Zhang Fei: has turned out badly for NOK. I have to wonder if the Indians are using its moment of weakness to apply the thumbscrews.
      1/9/13
    • Seppo Sahrakorpi: @Zhang Also the fact that this factory was built 2006, so big, brand new, and difficult to relocate. http://bbc.in/WPGiSM
      1/9/13