Monday, 10 March 2008

Vodafone goes to court in India over $2 billion tax bill

Vodafone is going to be at the Mumbai High Court this week, opposing a case by the Indian tax authorities that says the company is liable for around $2 billion in taxes following its acquisition of the Hutchison Essar network last year. Vodafone says it isn't liable to pay capital gains tax on behalf of Hutchison because the transaction didn't involve any Indian businesses. It says the deal took place between a Dutch-owned Vodafone company and a Cayman Island-based organisation owned by Hutchison. [Source:]

No comments: