Flex Challenges Indian Tax Ruling Over Xiaomi Royalties
Flex seeks to overturn a ruling alleging it helped Xiaomi evade taxes. The firm denies involvement in royalty payments and warns of extremely harsh penalties.
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The contract manufacturer Flex Ltd. is petitioning the Supreme Court of India to nullify a tax tribunal order related to a payment dispute with Xiaomi Corporation. The case involves a $72 million tax demand on royalties, which has become a focal point for the legal standards governing contract manufacturing in the region.
