Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
British insurer Aviva has been accused by an Indian tax agency of breaching local regulations by using a system of fake invoices and clandestine cash payments to circumvent rules capping commissions to sales agents. The agency alleges that Aviva conspired to dodge compensation and tax rules in India by employing vendors who generated fake invoices to pass on excess insurance commissions to its India agents. The findings were reported by Reuters, highlighting the company's attempts to avoid regulatory compliance in India. Aviva used vendors to facilitate these actions.
UK Insurance Giant Dodged India's Tax Rules - Report A tax agency has accused the company Aviva of conspiring to breach compensation and tax rules in India. (Reuters) https://t.co/UbteLzXehe
SCOOP: UK's @avivaplc conspired to dodge India compensation and tax rules, @Reuters finds via @adityakalra @Nikunj_Ohri https://t.co/oB6kJeXXDK
Exclusive: An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments. More here - https://t.co/qpFTMNcsbR
