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Centre to challenge all Cairn cases in international courts Premium Cairn had initiated an international arbitration after Indian government in 2014 used a two-year old law to raise a Rs10,247 crore demand on a decade old internal reorganisation of the company’s unit in the country. 2 min read Share Via Read Full Story India has decided to appeal a $1.2 billion international arbitration award won by Cairn Energy Plc in a tax dispute and to strongly contest all cases filed by Cairn in various international courts, a person informed about the development said. The move signals the government�...

Read more about India to file appeal against Cairn's $1.2 billion arbitration award on Business Standard. New Delhi has time till March 21 to file an appeal in accordance with a 90-day window

Option of appeal did not figure in Pandey’s talks with U.K. firm’s CEO, say sources

Maryland's digital advertising tax sparks controversy Taxing digital advertising revenue has caused some controversy this week in various countries around the world. In the US, Maryland became the first state to introduce a tax on digital advertising revenue, which enters into effect from the 2021 tax year. It targets technology companies such as Google, Facebook and Amazon that make more than $100 million from advertising revenue. The rate of tax will range from 2.5% to 10% depending on the amount of annual gross revenues earned by a company. This tax could have a similar ripple effect as th...

Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary FE Bureau © Provided by The Financial Express Affirming its jurisdiction over the case, the tribunal said the Cairn case was not just a tax-related, but an investment-related dispute. Amid Cairn Energy’s reported move to recover a $1.4-billion arbitral award in its favour by attaching and seizing Indian assets overseas and New Delhi’s rumoured plans to contest the award, the Edinburgh-headquartered energy company's chief executive Simon Thomson met Union finance secreta...