DNA Explainer: India challenges Vodafone tax arbitration ruling in Singapore; what does it mean?
The Hague international tribunal ruled that India s imposition of tax liability on Vodafone were in breach of an investment treaty agreement. Vodafone Group had in September won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving over â¹ 20,000 crore in dues (Reuters photo)
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Updated: Dec 24, 2020, 04:20 PM IST
India has challenged in Singapore an international arbitration court’s verdict against it over a $2 billion tax claim involving Vodafone Group Plc, a senior government official told Reuters on Thursday on condition of anonymity.
Vodafone in September had won the case against India, ending one of the most high-profile disputes in the country that had caused concern among investors over retrospective tax claims on companies., , vodafone, tax claims, government
Govt challenges Vodafone ruling in Singapore court hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
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NEW DELHI, Dec 24 (Reuters) - India has challenged in Singapore an international arbitration court’s verdict against it over a $2 billion tax claim involving Vodafone Group Plc , a senior government official told Reuters on Thursday on condition of anonymity.
Vodafone in September had won the case against India, ending one of the most high-profile disputes in the country that had caused concern among investors over retrospective tax claims on companies.
An international arbitration tribunal in The Hague had ruled that India’s imposition of a tax liability on Vodafone was in a breach of an investment treaty agreement between India and the Netherlands. India had 90 days to appeal the ruling.