Vodafone says begins arbitration in India tax dispute

Tags: News
Vodafone Group Plc said on Wednesday it had begun an international investment arbitration against the Indian government in a more than $2 billion tax dispute, after the two sides failed to find a solution through talks.

Vodafone said it filed the arbitration on April 17. The company did not give details.

The long-running tax dispute is over Vodafone's acquisition of Indian mobile assets in 2007.

In 2012, India's Supreme Court ruled in favour of Vodafone saying the company was not liable to pay any tax on the deal. The Indian government later that year changed rules enabling it to tax already-concluded deals.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sanskrit does not compare with German in the job market

    While there can be no argument that the importance of Sanskrit as an all-India language needs to be emphasised, particularly for the young generation

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Purnendu Ghosh

Why we must know the rules of the game

We like to believe that people are good and we ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture