Vodafone wins India tax case

Tuesday 28 February 2012

password reminder

home > mobility > article

technology

business

geography

plus

events

Vodafone wins India tax case
By R. Jai Krishna, Lilly Vitorovich, Romit Guha and Prasanta Sahu, Dow Jones Newswires Friday 20 January 2012
Supreme court rules U.K.-based mobile giant not liable for $2.2 billion tax bill on 2007 acquisition of Hutchison Essar; ruling expected to boost foreign investor confidence.
India's Supreme Court Friday backed mobile giant Vodafone Group PLC's appeal against a INR112.18 billion ($2.2 billion) tax bill on its 2007 purchase of a majority stake in India's Hutchison Essar Ltd., saying that local authorities can't tax the deal, in a landmark ruling which is expected to boost foreign

Sorry this is premium content. To read news articles more than 1-month old you need a subscription. For subscription option, click HERE.

This content is delayed by at least 1 hour from original time of publishing

recent to now

Supreme court rules U.K.-based mobile giant not liable for $2.2 billion tax bill on 2007 acquisition of Hutchison Essar; ruling expected to boost foreign investor confidence.