TaxCorporate TaxVodafone India takes tax battle to High Court

Vodafone India takes tax battle to High Court

Writ filed with Bombay High Court

Vodafone
Essar
, the mobile
giant’s new Indian unit
, is heading for a showdown with the country’s taxman
over a $2bn (£1bn) capital gains tax bill.

Indian newspapers have reported that Vodafone Essar has filed a writ in the
Bombay High Court in protest
against the Indian Income Tax Department’s decision to serve the capital gains
tax demand on the company.

The tax bill is a result of Vodafone’s $11bn acquisition of a majority stake
in Hutchison Essar, India’s fourth largest mobile telephone company.

Arun Sarin, vice-chairman, Vodafone Essar, told reporters following a recent
board meeting: ‘We are working with the Income-Tax Department to sort this
issue.
Neither the Essar Group, nor Vodafone, nor Vodafone Essar is liable to pay
taxes.’

Further reading:

Indian takeover lands Vodafone with $2bn tax bill

Commissioners duck Vodafone tax query

Vodafone faces investor demands for £38bn at AGM

Related Articles

HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4d Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

2w Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

3m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

3m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

4m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

4m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

4m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

4m Austin Clark, Reporter