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Articles tagged with: Tax and Cgp Investments
Hutchison Warns Off Possible Indian Tax Liability in Sale to Vodafone
.. International has accepted that it might have to make some payments in regards to the ongoing tax dispute in India over the sale of its stake in Hutchison Essar to Vodafone in May 2007. Although the transaction technically occurred outside Ind more
Related Tags: hutchison-telecom-international, hutchison, essar, vodafone, vodafone-essar, hutchison-essar, India
Set-Back for Vodafone in Indian Tax Battle
Vodafone's tax battle with the Indian government has suffered a further set-back when the Supreme Court refused to hear an appeal by the telecoms giant - and ordered that the case be sent back to the tax department for its deliberation as to who should have legal jurisdiction over the case. more
Related Tags: ict, vodafone, supreme-court, gsm, hutchison, essar, hutchison-essar, India
Vodafone Loses $2 Billion Indian Tax Case
Vodafone has lost a significant tax bill in India after the Bombay High Court upheld a claim by the government for around US$2 billion following its purchase of a majority stake in Hutchison Essar. more
Related Tags: vodafone, supreme-court, gsm, hutchison, essar, India
Vodafone's Indian Tax Penalty Could Reach $4 Billion
Vodafone could face a potential US$4 billion penalty if the company loses the ongoing tax dispute in India. India's government is seeking to claim up to US$2 billion in tax for the company's purchase of a majority stake in Vodafone Essar - but could impose a penalty which would more than double the amount being disputed. more
Related Tags: hutchison, essar, vodafone-essar, India
Vodafone to Challenge Indian Tax Law Change
Vodafone is expected to seek to challenge a change to India's tax laws which have been applied retrospectively to its US$11.1 billion purchase of a controlling stake in Hutchison Essar. Vodafone said in a statement last Friday that it has submitted an amended writ petition challenging the "constitutionality of the retrospective amendment of the changed tax law". more
Related Tags: hutchison, essar, India
Hutchison Reports Record 2007 Profits on Disposals
..S$351 million). Excluding the net impact of the impairment charge and associated tax credits, there was a profit from continuing operations of HK$707 million (US$91 million) compared to a loss from continuing operations of HK$823 million (US$10 more
Related Tags: edge, hutchison-telecom, hutchison, essar, java, excelcomindo, telekomunikasi-indonesia, telekomunikasi-indonesia, hutchison-essar, Hong Kong
Bad News for Vodafone in US$2 Billion Indian Tax Dispute
..rseas transaction between two US companies involving the sale of Indian assets is liable for taxation - and that the buyer is required to pay the tax liability. The ruling is significant as the situation closely mirrors that affecting Vodafon more
Indian Court Delays Vodafone-Essar Tax Liability Legal Claims
..n Bombay, India has adjourned the legal case filed by Vodafone-Essar against the capital gains tax claim from India's Income-Tax Department. The tax office has sought to delay the legal proceedings as it says it was not ready to deal with the p more
Related Tags: hutchison, essar, India