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Vodafone tax bill

Chalanachithram.com DB » New TF Industry Related » Archive through February 17, 2016 » Vodafone tax bill « Previous Next »
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Kindal
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Username: Kindal

Post Number: 3837
Registered: 09-2007
Posted From: 14.139.128.19

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Posted on Tuesday, February 16, 2016 - 10:29 am:       

Vodafone, in a statement, said: "We can confirm that we have received a tax reminder from the Tax Department that also references asset seizures in the event of non-payment. This dispute is currently the subject of international arbitration. The Indian government stated in 2014 that existing tax disputes, including ours, would be resolved through existing judicial process. In a week when Prime Minister Modi is promoting a tax-friendly environment for foreign investors this seems a complete disconnect between government and the Tax Department."
http://www.livemint.com/Companies/xqv1DL2tTOgdRFqUklBSxJ/Ind ia-asks-Vodafone-to-pay-taxes-or-it-may-face-asset-seizur.ht ml
5 mins after your birth, they decide your name, nationality, religion & sect & you spend rest of ur life defending something u didn't choose.
 

Kindal
Side Hero
Username: Kindal

Post Number: 3834
Registered: 09-2007
Posted From: 14.139.128.19

Rating: N/A
Votes: 0 (Vote!)

Posted on Tuesday, February 16, 2016 - 07:25 am:       

Vodafone says it has been asked to pay $2.1 billion or Rs. 14,200 crore in taxes despite the fact that the case is under international arbitration.

http://profit.ndtv.com/news/budget/article-2-1-billion-dolla r-tax-bill-for-vodafone-stuns-telecom-giant-1277999
5 mins after your birth, they decide your name, nationality, religion & sect & you spend rest of ur life defending something u didn't choose.

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