Showing posts with label essar. Show all posts
Showing posts with label essar. Show all posts

Sunday, 25 January 2009

Vodafone's Indian tax battle continues

India's Supreme Court has said it's not appropriate for it to hear Vodafone's appeal against its £1 billion tax bill for buying Hutch Essar. Instead it says India's tax authorities should reconsider the case and - if they considers that they have jurisdiction - Vodafone can then approach the High Court again for action. [Source: TelegraphIndia.com]

Monday, 12 January 2009

Vodafone returns to court in India

As expected, Vodafone has gone to India's Supreme Court in a bid to overturn last month's High Court decision upholding an income tax demand of over £1 billion. [Source: Indiatimes.com]

Wednesday, 3 December 2008

Vodafone faces Indian tax bill

Mumbai's High Court has said Vodafone should have put aside £1.35 million in tax following its Hutchison Essar takeover deal last year. The proceedings started in June; Vodafone now says it'll appeal to the Indian Supreme Court. [Source: TimesOnline.co.uk]

Monday, 23 June 2008

Vodafone goes to Indian court

Vodafone is in court this week, trying to convince the Mumbai High Court that it doesn't owe the Indian tax authorities around £1 billion following its takeover last year of Hutchison Essar. The deal, which involved UK-based Vodafone (technically through a Dutch business owned by Vodafone) and Hong Kong-based Hutchison (via a Cayman Islands company) didn't involve any Indian companies - but the Indian government says it's a transaction that involves assets in India and therefore should be subject to India's tax laws. [Source: Independent.co.uk]

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: FT.com]