Walmart Says It Paid Most of $1 Billion Tax to Shift PhonePe Base to India
Walmart late on Wednesday confirmed that it had already paid the Indian government most of the nearly $1 billion (roughly Rs. 8,300 crore) in tax owed after digital payments company PhonePe, which the US retailer owns through Flipkart, shifted its headquarters from Singapore to India. Walmart bought a controlling stake in Indian e-commerce giant Flipkart in … Read more