Chinese phone makers' tax deals probed; PayPal back in Indonesia; Boeing seeks sustainability in Japan; and more
India's parliament will this week debate a bill that would see the nation's competition regulator add officers with technology industry expertise to its ranks, and gain the power to review and veto takeovers.would give India's Competition Commission the opportunity to consider any mergers or acquisitions that involve upwards of $200 million of Indian assets. Reviews must be concluded within 150 days.
The proposed powers would apply to any transaction that touches India – a hypothetical Microsoft acquisition of a networking company with a substantial Indian presence would therefore be subject to review. Indonesia's ban did not go down well at home, with netizens blaming the government – not PayPal's tardiness – for the disruption to their preferred payment service.India's Ministry of Finance has accused Chinese smartphone manufacturer Vivo Mobile Communications of tax evasion.released last Wednesday, the Ministry alleged Vivo had skipped out on $280 million worth of customs duty.the company's factory to find the evidence of the alleged misdeed.
Boeing announced last week it is opening a research and development center in Japan that will focus on sustainable tech – including sustainable aviation fuels , electric and hydrogen propulsion, robotics, digitization and composites.
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