Philip Morris says Indian partner charges machinery costs; calls it 'business expense'

  • 📰 Reuters
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Philip Morris International Inc's Indian partner charges machinery-related ...

NEW DELHI - Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules.

Philip Morris’ director for corporate affairs in India, R. Venkatesh, said on Wednesday that under that agreement Godfrey “manufactures Marlboro cigarettes and recharges any costs related to special machinery for the manufacture” of those cigarettes to the global tobacco giant’s Indian unit. After the Reuters report was published, a senior official at India’s main financial crime-fighting agency, the Enforcement Directorate, said Philip Morris and Godfrey were being investigated for alleged violations of the country’s laws. The scope of the investigation, the source added, was much broader than the issues highlighted in the Reuters story.

Philip Morris paid Godfrey for items ranging from large cigarette-making machines to costs of smaller equipment such as barcode scanners and printers deployed in Godfrey’s factories, the Reuters review of documents found.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

On first glance, I thought it read, 'Smoking Harms Unicorn Babies'

In Singapore they charge refrigeration cost in the supermarket 🤔 Cheaper to buy a room temp juice than the exact same one from the refrigerator LOL. I don't know if it's in other countries but I was shocked when I saw that

So DOES VAPING. SO DOES VAPING

They should learn that the Cigarette industry is a dying breed. As countries impose tighter regulations and people become more health conscious, going around the rules won't help them anymore. They need to pack up and invest in something else. Adapt or perish

Do you ever write headlines that actual humans can understand?

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

William Morris Endeavor returns Saudi investment money after Jamal Khashoggi murderWME’s bid to return a $400-million investment to the Saudi Arabian government because of an outcry over the murder of Saudi journalist Jamal Khashoggi has been fulfilled, according to a person with knowledge of the talks. I haven't even a token dollar for WME stock at the moment...but this is a pretty heavy move.
출처: latimes - 🏆 11. / 82 더 많은 것을 읽으십시오 »

These high-yielding stocks are beating the market this yearShares of Coty, Philip Morris, Western Digital, Exxon Mobil and General Motors don't just pay high dividends, but they're also crushing the major averages this year. GM💙
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »