BusinessCompany NewsDiageo calls in KPMG for Indian tax battle

Diageo calls in KPMG for Indian tax battle

Australian team to fly to India this week

Global spirits giant Diageo has hired
KPMG as it prepares for a major tax battle with the Indian government.

According to reports, a team from KPMG’s
Australia office
will fly to India this week to begin work on a detailed
case against a new whisky tax.

The consultants will have the backing of the
Scotch Whisky Association and
Discus, the US spirits trade body.

Diageo is fighting the legality of a 200% tax on Scotch imposed in India’s
largest city of Mumbai, despite a ruling by the World Trade Organisation and a
decision by the Indian state government of Maharashtra to slash import duty.

As well as the 200% spirit tax, the Maharashtra state government has levied a
new 150% tax on imported wine.

Further reading:

Drinks giant Diageo faces tax investigation

FRS17 costs Diageo £88m

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