TaxCorporate TaxVodafone fights massive Indian tax claim

Vodafone fights massive Indian tax claim

Vodafone prepares to fight Indian tax claim

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
today.

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.

Further reading:

Speedy tax resolution unlikely for
Vodafone

Related Articles

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

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

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m 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

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

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

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m 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

2m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson