Walmart will Pay $2 bn Tax to India For Flipkart Deal
Why Walmart will Pay $2 Billion Dollar Tax to India ? Any Guess
The Big Giant Company of USA that is Walmart has Successfully gain 77% Shares of Biggest E-commerce Earning Company of India Flipkart that has brought around in $16 Billion, Will now have to pay highest Tax upto $2bn to India Income Tax Department.
The Big giant Company has brought the Flipkart by taking support of softbank that is $14 billion and by Investing $2 bn.
The Flipkart Company Sold it self to Walmart ,it is against the spiriti E-commerce of India
By listiening this Deal of flipkart with Walmart there will disturbance in the Indian Economy so CAIT and AIOVA has filed a Petition against this deal.It's on Processing the Result will soon out.Walmart has got big Oppurtunity by Buying Indian Giant Company Flipkart because flipkart has also given the tough competitions to other giant companies like Amazon,Ali-baba etc.
There was big Competitions between Flipkart and Amazon in India. India was only the Country that Amazon was given tough this all days.after selling it to walmart there will be little distubance in Competitions that how this walmart Handles the Flipkart E-commerce to give tough to Amazon Company.
There is Huge protest of
Associations on Walmart Flipkart Deal the Case has been submitted to the Commison
of India and Soon they will take the Actions.
Binny Bansal the Owner
of Flipkart has also said that day by day phonpe app is also growing 30%-40% .Indian
Peoples are Increasing to use “ Phonpe App “ they will Contionously Montize the
Income of this Financial Company.Hope we Have served You the best Information.
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