HomeBusinessIndia signals it will still pursue Vodafone over tax

India signals it will still pursue Vodafone over tax

Date:

May 9, 2012

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INDIA vowed on Tuesday (May 8) to push ahead with controversial legislation allowing it to retroactively tax such companies as British mobile phone giant Vodafone over cross-border business deals.

The measure, which has stirred huge protests abroad from foreign investors, would oblige overseas firms to pay tax on transactions involving Indian assets routed through tax havens.

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