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India alleges big multinationals pocketed gains from GST rate cut

India alleges big multinationals pocketed gains from GST rate cut

Friday, April 26, 2019, 7:35 AM

Indian tax authorities have alleged that number of big multinational companies have not passed on benefits from a tax cut to customers, a senior government official told Reuters. The official said, for example, that tax-authorities have alleged that U.S. consumer goods maker Procter & Gamble did not pass on more than $35 million in tax-benefits which were meant to have gone to its customers.
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