$2bn dispute: Voda wins arbitration against India
Vodafone Group Plc has won an international arbitration case against the Indian government in a $2 billion retrospective tax dispute, sources said. The tribunal ruled that the Indian govt's imposition of a tax liability on Vodafone is in breach of the investment treaty between India and the Netherlands. Earlier this month, the Supreme Court gave mobile carriers 10 yrs to settle dues.
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Vodafone Group Plc has won an international arbitration case against the Indian government in a $2 billion retrospective tax dispute, sources said. The tribunal ruled that the Indian govt's imposition of a tax liability on Vodafone is in breach of the investment treaty between India and the Netherlands. Earlier this month, the Supreme Court gave mobile carriers 10 yrs to settle dues.
