Walmart receives $1 billion tax bill for PhonePe’s move to India

By Tom / January 4, 2023 January 4, 2023

Walmart has been given a $1 billion tax bill due to the relocation of PhonePe Pvt.
Walmart took majority ownership of PhonePe Pvt after acquiring the parent company, Flipkart Online Services Pvt.
The value of PhonePe Pvt has increased due to the relocation.