Vodafone is facing another tax battle, this time with the Indian taxman over
a claim for $2bn (£1bn) from its purchase of controlling stake in Indian
business Hutchison Essar last year.
The claim is for $2bn in capital gains tax on the $11bn deal as Essar’s
assets are based in India, reports the BBC, with the case epxected to start
But Vodafone says the deal was made between two non-Indian businesses.
The telecoms giant has been involved in a number of tax disputes, including a
multi-billion pound reclaim on VAT on 3G mobile phone licenses and its mega-deal
to purchase German business Mannesmann.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states