Feb
15
India Asks Vodafone to Pay $2.1 Billion Tax Bill or It May Face Asset Seizures
By-
Vodafone should pay $2.1 billion tax bill, according to letter
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Dispute traces back to 2007 purchase of Hutchison business
India said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputed 142-billion-rupee ($2.1 billion) tax bill that’s still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this month.
Anil Sant, deputy commissioner of income tax, informed the company’s Vodafone International Holdings BV Dutch unit of its dues in a letter dated Feb. 4, according to the document, a copy of which was seen by Bloomberg News. Spokesman Ben Padovan at Vodafone and a representative at India’s tax department declined to comment…
India Asks Vodafone to Pay $2.1 Billion Tax Bill or It May Face Asset Seizures
