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Vodafone (VOD), which has resisted setting aside money for a $2.2B tax bill in India, now says...

Vodafone (VOD), which has resisted setting aside money for a $2.2B tax bill in India, now says it may make a provision to cover legal risks. VOD is considering the need for a provision after an amendment by India’s government to its tax law made the company potentially liable for the payment, CFO Andy Halford says; a decision is expected by November. VOD -0.6% premarket.
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I can't believe India is getting away with this retro tax thing.

     

    Perhaps they are sewing seeds of tax uncertainty in their growth starved fields of economic despair.
    17 Sep 2012, 10:58 AM Reply Like
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