Aviva could face $11m penalty for alleged tax evasion in India
Reinsurance News - Sep 04, 2024
An Indian tax agency has discovered that British insurer Aviva violated local regulations capping commissions to sales agents by using fake invoices and clandestine cash payments between 2017 and 2023. According to a tax notice issued in early August, Aviva’s India unit paid approximately $26 millio...
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