Vodafone tax hearing begins in Bombay HC
Vodafone tax hearing begins in Bombay HC
The Court is to decide if Vodafone owes Government $2 billon for its takeover of Hutchison Essar.

New Delhi: The Vodafone tax case hearing started in the Bombay high court on Monday.

The Court is to decide whether Vodafone owes the Indian government nearly $2 billon for its takeover of Hutchison Essar, one of the country's major mobile networks.

Vodafone bought a controlling stake in the last year and advisors to the UK group said no tax is owed to India as the deal was between two foreign companies.

The company is leaving nothing to chance and has even thought of approaching the international court if high court rejects its argument

What's your reaction?

Comments

https://terka.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!