Vodafone Threatens Arbitration

NY Daily News
April 21, 2012

Indian Finance Minister Pranab Mukherjee defended proposed legislation this past weekend, which would allow the country to fight firms for taxes involving Indian assets over sees. British mobile phone giant Vodafone faces a $2.2-billion tax bill over its 2007 purchase of the Indian unit of Hong Kong-based Hutchison Whampoa and has threatened to take India to international arbitration. The US claimed the moved “dampened” investor enthusiasm.

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