British mobile phone operator Vodafone (VOD) was ordered by an Indian court to pay $2.6 billion in taxes on a 2007 transaction that gave it a major presence in the country’s mobile phone market.
The court ruled that Vodafone was liable for Indian taxes on the deal, which involved Vodafone buying a majority stake in Cayman Islands-based CGP Investments, which held telecommunications assets in…
Continue reading Court Rules Vodafone Must Pay $2.6 Billion in Taxes in India
Court Rules Vodafone Must Pay $2.6 Billion in Taxes in India originally appeared on DailyFinance on Wed, 08 Sep 2010 08:08:00.
Filed Under: Company News, Technology, Taxes, Retail