Nokia's Indian tax bill could reach $3.4B.

Nokia's (NOK) tax bill in India could hit $3.4B, a government official says, far higher than the $340M that has been at the center of a dispute so far. India has frozen Nokia assets in the country to ensure the company has enough money to pay the smaller bill, although Nokia has gone to court to defend itself. The firm needs access to the assets by Thursday so that it can complete the sale of its handset unit to Microsoft (MSFT), and has set aside $350M for the purpose.