Govt open to resolve $3.9 billion tax dispute with Infosys, says report

Government will find ways to resolve tax disputes with major companies including Infosys Ltd. and foreign airlines, people familiar with the matter said, suggesting New Delhi is open to making accommodations to avoid hurting investor sentiment in the South Asian nation.

Authorities are exploring options to settle with companies including Infosys, which last month got hit by a demand for Rs 32,403 crore ($3.9 billion) in back taxes dating back to 2017, the people said. Authorities at the time cited non-payment of taxes on expenses incurred by overseas offices of the company, which provides IT services to banks and other multinational corporations from the US to Europe.