TaxCorporate TaxVodafone’s Indian tax battle begins

Vodafone's Indian tax battle begins

The courts hear the opening arguments between Vodafone and the tax authorities of $2bn CGT claim

Vodafone’s tax battle with the Indian authorities began yesterday, with
opening arguments heard in the telecoms giant’s attempt to bat away a $2bn
(£1bn) CGT claim.

The Bombay High Court heard Vodafone argue that its purchase of Hutchison
Essar was not taxable under ‘beneficial ownership’ rules in India, as the shares
changed hands in another jurisdiction, reported the FT.

The Indian taxman argues that although Hutchison made the capital gain,
Vodafone should have withheld the tax on its behalf.

The bulk of Hutchison Essar’s assets are in India.

Further reading:

Read
the FT’s story here

Vodafone fights massive Indian tax
claim

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

3m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

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

4m 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

4m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

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

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

7m 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

8m Alia Shoaib, Reporter