Tax terror threat continues: India badgers Vodafone to pay $2.1bn or face bailiff

India said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputed 142-billion-rupee ($2.1 billion) tax bill that’s still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this month.

Anil Sant, deputy commissioner of income tax, informed the company’s Vodafone International Holdings BV Dutch unit of its dues in a letter dated Feb. 4, according to the document, a copy of which was seen by Bloomberg News. Spokesman Ben Padovan at Vodafone and a representative at India’s tax department declined to comment.

reported Bloomberg.com.

Comments

Question 16 Feb 2016, 06:54
+1 -1
Who's gonna handle this mess - Dutt Menon/ S&R/ Trilegal/ Karanjawala (hehe- mentioned this for effects!)?