Hutchison Vodafone Tax Case

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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
“The Vodafone tax case provides an instance of the misuse of corporate structure for avoiding the payment of taxes.” The paper pointed out that the Hutchison Group sold its entire business operation in India to Vodafone in February, 2007, for a ...
May 22, 2012 at 17:54 | Source: The Hindu
The deal was technically done between Vodafone’s Dutch subsidiary and a Cayman Islands company that controlled the Indian operations of Hong Kong’s Hutchison Whampoa ... the first two arbitrators. The tax battle between Vodafone and the ...
May 10, 2012 at 14:12 | Source: New York Times
Government on Wednesday justified its decision to neutralise the impact of Supreme Court decision in the Vodafone case by amending the ... have to pay Rs 20,300 crore as tax, interest and penalty on its acquisition of Hutchison stake in Hutchison Essar ...
May 16, 2012 at 14:55 | Source: Daily News and Analysis
Referring to the misuse of corporate structure, the Paper said, "The Vodafone tax case provides an instance of the misuse of corporate structure for avoiding the payment of taxes." In this case, it said, the Hutchison Group had made investments ...
May 21, 2012 at 09:49 | Source: MoneyControl.com
The retrospective amendment, which has already been approved by the Lok Sabha, 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 ...
May 13, 2012 at 07:28 | Source: deccanchronicle.com
The amendment would neutralise the victory secured by Vodafone in the Supreme Court in the Rs 11,000-crore tax dispute case. The tax pertains to purchase of Hutchison's stake in Hutchison-Essar by Vodafone for $11.2 billion in 2007 through a deal in Cayman Islands.
May 22, 2012 at 12:54 | Source: Business Standard
Referring to the misuse of corporate structure, the Paper said, "The Vodafone tax case provides an instance of the misuse of corporate structure for avoiding the payment of taxes." In this case, it said, the Hutchison Group had made investments in India ...
May 21, 2012 at 07:11 | Source: Daily News and Analysis
redemption of units for its clients could be liable to tax here in case the fund derives substantial value from Indian assets. The high-profile Vodafone case involved the sale of shares of a Cayman Islands company by a Hutchison Group entity (in ...
May 20, 2012 at 08:38 | Source: NDTV
Vodafone bought Hutchison's Indian operations by taking over a subsidiary ... said Dinesh Kanabar, deputy CEO and chairman for tax at KPMG, which advised Vodafone in the tax case. Samir Kanabar, a tax partner at Ernst & Young, said Monday's ...
May 7, 2012 at 13:12 | Source: Reuters India