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Amazon, Flipkart challenge court order

Amazon, Flipkart challenge court order
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

UK Chancellor Rishi Sunak dragged into in-law Narayana Murthy firm, Amazon s tax dispute

UK Chancellor Rishi Sunak dragged into in-law Narayana Murthy firm, Amazon s tax dispute
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Rishi Sunak s billionaire in-laws hit with £5 5m bill in Amazon India tax dispute | Rishi Sunak

Infosys founder and mentor Narayana Murthy (R), his wife Sidha Murthy and son Rohan Murthy in Bangalore in 2019 Photograph: Manjunath Kiran/AFP/Getty Images One of the largest sellers on Amazon.in is a company called Cloudtail, a business indirectly 76%-owned by an investment firm controlled by the Murthy family. The remaining quarter of Cloudtail is indirectly owned by Amazon. An analysis of the company’s accounts and activities by the Guardian shows that Cloudtail: faces a £5.5m demand – including “interest and penalties” – from India’s tax authorities has paid “meagre” taxes over the past four years, while using a business model described as Amazon “on steroids”

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