A notice from Koira gram panchayat demanding Rs 12.7 lakh in property tax from Foxconn prompted government intervention to protect the investment climate. The Karnataka Industries Area Development Board clarified that Foxconn falls under a special investment region and tax matters are handled by KIADB, with 30% to be transferred to the local panchayat.‘Land records show vacant site’: Bengaluru gram panchayat slaps Rs 12.7 lakh tax dues on Foxconn; govt steps in to calm Taiwanese major
A notice from Koira gram panchayat demanding Rs 12.7 lakh in property tax from Foxconn prompted government intervention to protect the investment climate. The Karnataka Industries Area Development Board clarified that Foxconn falls under a special investment region and tax matters are handled by KIADB, with 30% to be transferred to the local panchayat.
