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Infosys agrees to pay $800,000 to settle case with California Attorney General

18 Dec 2019 Evaluate

Infosys has agreed to pay $800,000 (nearly Rs 5.6 crore) to settle allegations of misclassification of foreign workers and tax fraud. The company will pay California $800,000 to resolve allegations that, between 2006 and 2017, approximately 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas rather than H-1B visas.

This misclassification resulted in Infosys avoiding California payroll taxes such as the unemployment insurance, disability insurance, and employment training taxes.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

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Company Name CMP
TCS 2075.25
Infosys 994.15
HCL Technologies 1180.75
Wipro 158.60
Tech Mahindra 1495.70
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