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Walmart receives $1 billion tax bill for PhonePe’s move to India
Walmart receives $1 billion tax bill for PhonePe’s move to India
January 4, 2023
Walmart has been given a $1 billion tax bill due to the relocation of PhonePe Pvt.
Walmart took majority ownership of PhonePe Pvt after acquiring the parent company, Flipkart Online Services Pvt.
The value of PhonePe Pvt has increased due to the relocation.
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