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Tag Archives: expropriation

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 […]

Nationalizations are back: Libyans in Zambia now, but who is next?

Sounds so 1960s, but . . . This should change investment risk calculations, in Africa for now. But how broad will the ripples run? The Za­mbian government has confirmed expectations and will renationalise the local mobile network, Zamtel, which is 75% owned by Lybia’s Lap Green Networks. The government has also dissolved the board of […]

Innovation and the state

We had the pleasure of engaging with an erudite politician at the inauguration of LIRNEasia’s principal capacity-building event, CPRsouth in Bangkok last week. Former Prime Minister Abhisit Vejjajiva, who used to teach economics at Thammasat U before he went into politics, had this to say, as reported in Bangladesh’s Daily Star, about innovation and the […]

Expropriation makes a comeback in Russia, with a twist

Glimmerings of a return to the bad old days, when governments “nationalized” telecom companies. The end result was pillage by the government flunkies and bad/no service to the public. The Russians are back in this game, but this time through the courts and with a different beneficiary, the local partner oligarch. Already jittery investors were […]

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