Vodafone gets $604m tax demand
Vodafone Group Plc has received a final tax demand of about $604 million from Indian authorities, adding to its tax disputes in the country since it bought Hutchison Whampoa’s mobile business there in 2007.
The British mobile operator would appeal the order soon, it said in a statement on Thursday.
Last year, Vodafone filed a petition in a local court in a so-called transfer pricing dispute after authorities sought to add 85 billion rupees to the taxable income of a unit, Vodafone India Services Pvt Ltd, which provided call centre services to some group companies.
Comments