Infosys cuts tax deal with New York

infosysudacityInfosys has cut a tax deal with the State of New York’s investigation over the amount of taxes the Company paid in 2010-2011 without any criminal or civil charges being filed.

Infosys has made a $1 million settlement with the New York state after it was found that it violated US visa rules by placing employees on a different visa at its clients’ offices in the state.

The settlement was announced on Friday by Attorney General Eric T Scheiderman, saying it resolves whistleblower claims that Infosys, in the course of providing outsourcing services, routinely brought foreign IT personnel into New York to perform work in violation of the terms of their visas.

The company said that the investigation centred on alleged paperwork errors, and the company has not had to confess to doing anything wrong.  In fact it denies all allegations that it ever did anything wrong at all.

The company said in a statement that the settlement relates to legal issues already resolved under the 2013 settlement with the US Department of Justice, and was reached by both parties to avoid protracted litigation.

“Infosys maintains robust policies and procedures to ensure adherence with all applicable regulations and laws. Infosys will continue to focus on boosting American innovation, hiring American workers and better serving our valued customers across the United States,” the company said.