Hutchison Essar
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The British telecommunications company Vodafone Group owes the Indian government 200 billion rupees ($3.7 billion) in taxes and late fees related to its 2007 acquisition of Hutchison Essar, R.S. Gujral, India’s finance secretary, said ...
May 9, 2012 at 22:06 | Source: New York Times
Amid ongoing tax battle with Vodafone over its acquisition of Hutchison stake in telecom joint venture Hutchison-Essar, the government today said the case is an instance of misusing corporate structure to avoid taxes. "The Vodafone tax case provides an ...
May 21, 2012 at 14:21 | Source: Deccan Herald
CBI seeks AG's views on Essar-Loop tangle 13-OCT-11 The Central Bureau of Investigation (CBI) has sought Attorney General G E Vahanvati’s views on the Loop-Essar link to the 2G spectrum allocation scam. Justice Sen sends resignation in writing to ...
May 20, 2012 at 18:33 | Source: Business Standard
highlighted that the buyout of Hutchison's stake in Hutchison-Essar by the British telecom major was an instance of misusing corporate structure to avoid taxes. The White Paper on black money, tabled in the Lok Sabha by Finance Minister Pranab Mukherjee ...
May 22, 2012 at 17:54 | Source: The Hindu
interest and penalty on its acquisition of Hutchison stake in Hutchison Essar in 2007. The deal was signed in Cayman Islands. "Indian Parliament is omnipotent...It has the power to amend any Article of the Constitution," Mukherjee said, adding the ...
May 16, 2012 at 15:24 | Source: in.com
Government waiting on legislation to tax overseas deals that involve Indian assets from as far back as 1962, which include Vodafone's Hutchison Essar deal, report states. India will look to extract US$3.75 billion from Vodafone should a law to ...
May 10, 2012 at 07:24 | Source: Zd Net Asia.com
Vodafone India, which is fighting the government on the issue of tax on its acquisition of Hutchison's stake in Hutchison-Essar in 2007, today said preparations are on a for initial public offer but shareholders will take a final call on the public float.
May 18, 2012 at 09:52 | Source: MediaPost
would undo the victory achieved by Vodafone in the tax case pertaining to its acquisition of Hutchison in Hutchison Essar in a USD 11.2 billion deal in 2007. According to Finance Ministry sources, the provision of the BIPA between India and the Netherlands ...
May 13, 2012 at 07:28 | Source: deccanchronicle.com
Mukherjee said Vodafone was clearly told it had to pay tax on its acquisition of Hutchison’s stake in Hutchison-Essar through a $11.2 billion deal signed in the Cayman Islands.
May 17, 2012 at 08:21 | Source: deccanchronicle.com
... was incorrect where the agency has described that foreign firm Hutchison was planning to exit from the joint venture Hutchison Essar Ltd. "This is a deliberate distortion of truth (by the CBI)," he said. "The CBI is deliberately misleading you (judge).
May 8, 2012 at 12:56 | Source: Daily News and Analysis