Walmart to tap taxman

Walmart will approach the income tax department to find out its withholding tax liability, the US-based retailer has said. The statement follows comments by income tax officials that the Indian government expects Walmart to pay withholding tax within a fortnight of closing its $16-billion deal to buy a 77 per cent stake in Indian e-commerce retailer Flipkart.

You are here: Home Walmart to tap taxman - The Telegraph India