Walmart may pay up to $2 bn tax to India on Flipkart deal
Walmart may pay up to $2 billion to Indiaâs income tax department for its $16 billion deal where it acquired homegrown e-tailer Flipkart's 77% shares in May, according to reports. The amount is a retention tax that is paid in advance by a buyer. It will be the biggest such tax payment if the deal goes through. 