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Aviva's Indian unit faces a $7.5 million fine for tax evasion through fake invoices.
British insurer Aviva's Indian unit faces a $7.5 million fine for tax evasion after creating fake invoices for illegal commissions.
Authorities found Aviva claimed incorrect tax credits, impacting its operations significantly given its $10 million profit last year.
Aviva contests the order, stating it will not affect its business run as a joint venture with Dabur Invest Corp., where Aviva owns 74%.
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La unidad india de Aviva enfrenta una multa de $7.5 millones por evasión de impuestos a través de facturas falsas.