Articles tagged with: Vodafone Essar and Cgp Investments

Hutchison Warns Off Possible Indian Tax Liability in Sale to Vodafone

Hutchison Telecom 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 India, the government has been suing Vodafone for up to US$2 billion in sales tax that it claims is owed to it.  more

Related Tags: hutchison-telecom-international, hutchison, essar, vodafone, tax, 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: tax, hutchison, essar, India