There’s a flip side to Vodafone’s case of ‘retrospective’ taxation4 min read 29 Sep 2020, 08:42 PM IST
India has a sovereign right to tax sales of Indian assets and capital deserves no special treatment
The government has got excessive flak for retaining India’s “retrospective" tax on asset transfers after it recently lost a case against Vodafone in an international arbitration court. The case relates to the purchase of a controlling stake in Hutchison Essar in India through a 2007 offshore deal routed through the Cayman Islands.
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