Flipkart, India's largest e-commerce firm, plans to shift its domicile from Singapore to India.
Flipkart, India's largest consumer internet firm, is in active discussions to move its domicile from Singapore to India, with senior leadership internally discussing the shift. This potential change could deliver a tax gain for the Indian government and marks the return of the $33 billion Walmart-owned ecommerce giant to its country of origin. The process may be challenging due to Flipkart's scale and multiple entities involved in its ecommerce business in India.
May 13, 2024
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