LIRNEasia is a regional ICT policy and regulation think tank active across the Asia Pacific

REQUEST FOR PROPOSAL: We are inviting Proposals from potential Bidders to conduct a nationally representative study of ICT access and use in Nepal with special focus on the disabled. Click here for more information. Deadline for submissions: 29 January 2018.

More on taxes

Connected to the earlier post on taxes, is this one about Vodafone India getting served a USD 600 million retroactive tax bill.

While Vodafone maintains no tax is due on the 2007 acquisition, it has told the government it is willing to explore the possibility of a “mutually acceptable solution”.

Vodafone further points it has become one of India’s largest investors, spending more than £12.8 billion in building its business in the country since 2007.

The operator is also one of India’s largest taxpayers.

In its country-by-country breakdown covering the financial year ended 31 March 2013, Vodafone said its direct and indirect contributions to Indian public finances exceeded £1.7 billion.

So it appears that Vodafone pays more taxes worldwide than it invests. But in India, it invests more than it gives the government. The government is trying to correct this with a retroactive tax, I guess?

Search

Research Mailing List

Enter your email for research updates:

Login

Flickr Photos