Vodafone tax row: cabinet approves conciliation
Last year, the Supreme Court of India ruled in Vodafone’s favour, saying that the UK telecoms carrier was not liable to pay any tax over the acquisition.
But the Indian government later in the year changed the rules to enable it to make retroactive tax claims on already-concluded deals, drawing criticism from global business groups.
Vodafone and Indian authorities have been in talks for months over the tax dispute, and Indian Finance Minister P. Chidambaram has said he is confident of a resolution.
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