Tag: Tax Evasion

80% of Online-Only Smartphone Sales in India Go to Grey Market

A recent report by The Economic Times highlights a worrying trend in India’s online smartphone market: a large percentage of phones sold online are ending up in the grey market. Trade bodies claim that up to 80% of online-exclusive smartphones are being diverted by aggregators who exploit loopholes to purchase them in bulk and resell them […]

Transsion Holdings, Parent of Tecno & Infinix, Probed for $3B Tax Evasion

All News, Phones / By Giz / Tax Evasion, Tecno and Infinix, Kenyan Revenue Authority

Transsion Holdings, the parent company of Tecno and Infinix, is reportedly being investigated in Kenya for potential tax evasion. Known for its strong market presence, Tecno is among the leading phone brands in the country. The investigation involves tax discrepancies amounting to 400 billion Kenyan Shillings ($3.02 billion). Special Investigation Team The Kenyan Revenue Authority (KRA)

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