Hedge Fund Giant Tiger Global Told to 'Pay Your Taxes' Over Indian Walmart Deal
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Hedge fund Tiger Global is required to pay taxes on its $1.6 billion stake sale in Flipkart to Walmart, as ruled by a New Delhi court. The court deemed the 2018 sale an "impermissible tax avoidance arrangement" and stated that Tiger Global cannot claim tax exemption under the India-Mauritius tax treaty. The exact tax amount owed is unclear, and while Tiger Global can appeal, such requests typically have low success rates. This ruling is seen as a significant shift in India's taxation approach.
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