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02 Aug 2010
A tax row between Vodafone and the Indian tax authorities is expected to be raised by George Osborne during his trip to the country.
A delegation to India including prime minister David Cameron and chancellor
George Osborne will look to promote stronger trade links, but it is believed
that Osborne will raise an ongoing $2bn (£1.3bn) tax row between Vodafone and
India during the trip.
The row centres on Vodafone's purchase of Indian telco Hutchison Essar, on which
it is claimed Vodafone has withheld $2bn in CGT.
Vodafone argues that the Indian tax authorities cannot make a claim as the deal was between Vodafone Netherlands and Hutchison, which is incorporated in the Cayman Islands.
Osborne has said it was a matter for the Indian courts, reported Tax-News.com.
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