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India stokes the fires a bit on its long-running tax dispute with Vodafone (VOD), sending the...

  • Sunday, January 6, 2:20 AM ET
    India stokes the fires a bit on its long-running tax dispute with Vodafone (VOD), sending the cell-phone operator a notice that it owes over $2B on its $11.2 acquisition of a 67% stake in the Indian operations of Hutchison Whampoa in 2007. Vodafone continues to maintain that it owes the government zilch and says that the notice doesn't contain a deadline.
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This news story has 3 comments:

  •  
    When Mr. Manoman Singh's governmental bureaucracy behaves more like a reasoned and reasonable western democracy it will be treated by the banking and investment community as something better than a 3rd world investment risk.
    6 Jan, 02:18 PM Reply Like
  •  
    India, China, Korea - countries that think foreign investment is simply a tax-windfall for governments (and too often, an easy prey for coerced under-the-table payments). VOD has already abandoned its equity stake China Mobile for some of the same issues (although they pulled a healthy profit and still maintain a "strategic alliance"). India will see the same "discount" effect on its assets for this reason.
    8 Jan, 05:19 AM Reply Like
  •  
    It was only a day or two ago that the Indian finance minister was quoted as saying that he believed that a settlement on the $2 billion tax dispute was imminent.
    31 Jan, 12:26 PM Reply Like
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