KRAFT INDIA REJECTS CADBURY TAKE-OVER TAX CLAIM
January 1st, 2011
BY RAGHAVENDRA VERMA
Kraft has rejected criticism levelled in a public interest law suit lodged in New Delhi high court aboutits alleged failure to pay tax in India over its takeover of Cadbury. A copy of the 50-page writ passed to just-food argues Kraft caused "serious prejudice to the public exchequer," alleging: "The failure to deduct the tax at source and failure to submit the requisite return is deliberate with intent to evade the payment of tax..."
A Kraft spokesperson rejected the criticism, telling just-food the company was ...
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