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Articles tagged with: Vodafone Essar and Tax
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, cgp-investments, hutchison-essar, India
Vodafone Raises Debt for Indian Expansion
Vodafone Essar, the company's Indian subsidiary is reported to have sucessfully raised around Rs 10,000 crore (US$2 billion) in a 5-year debt financing for network expansion and the forthcoming 3G license auction. The loan was arranged by the State Bank of India Capital Markets. more
Related Tags: , 3g, ict, vodafone, 3g-license, tim, mumbai, 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, cgp-investments, India
Vodafone, India Government to Finish Arguing Tax Case by Wednesday
MUMBAI -(Dow Jones)- Vodafone International Holdings BV and the Indian government will have to finish arguing their case in the Bombay High Court by Wednesday, a lawyer for Vodafone said Friday. more
Related Tags: hutchison, essar, vodafone-group, lawyer, hutchison-essar, India
Vodafone Continues to Argue Tax Case, Early Judgment Unlikely
BANGALORE -(Dow Jones)- Vodafone International Holdings BV Tuesday continued its arguments in the Bombay High Court against the Indian state's move to tax the telecom company on its Hutchison Essar Ltd. deal, saying it was being made liable for taxation despite it being the buyer and not the seller in the transaction. more
Related Tags: hutchison, essar, lawyer, hutchison-essar, India
India Court to Next Hear Vodafone Tax Case June 23
BANGALORE -(Dow Jones)- The Bombay High Court Tuesday adjourned to June 23 the hearing into a petition filed by Vodafone International Holdings BV, owned by UK's Vodafone Group, challenging the Indian income-tax department's move to tax the telecom company up to $2 billion as capital gains after it bought a majority stake in Hutchison Essar. more
Related Tags: hutchison, essar, hutchison-whampoa, hutchison-essar, India
Vodafone CFO: Confident Co Will Avoid Indian Tax Bill
LONDON -(Dow Jones)- Mobile phone giant Vodafone Group, Monday said it remains confident it will escape paying an estimated $2 billion tax bill following its acquisition of a majority stake in India's Vodafone Essar in May. more
Related Tags: london, hutchison, essar, India