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Rishi Sunak Drawn Into Father-In-Law Narayana Murthy Amazon Tax Dispute

Rishi Sunak Drawn Into Father-In-Law Narayana Murthy Amazon Tax Dispute

NDTV
Monday, June 14, 2021 06:30:03 PM UTC

Following the report, the office of UK Chancellor of the Exchequer Rishi Sunak, who is son-in-law of Mr Murthy, was forced to comment.

Cloudtail India Pvt Ltd - the online retailing joint venture of Infosys co-founder NR Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds demand, including interest and penalties, from tax authorities after it paid "meagre" taxes over the past four years, a media report said on Monday. Amazon reportedly developed independent sellers such as Cloudtail, as ''special merchant'' which enjoyed over 35 per cent of total sales on the platform until 2019. While Mr Murthy's Catamaran Ventures indirectly holds 76 per cent in Cloudtail and Amazon the remaining 24 per cent, the firm's two top posts - chief executive and finance director - were with the US retailer. Cloudtail's holding company, Prione is also run by a former Amazon manager, the report in ''The Guardian'' newspaper said. It said that it is not known precisely what the tax dispute is about and the company said that it was contesting the bill, adding that since the "matter is sub judice, we are unable to comment any further".
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