30 March 2012
Vodafone today described as “grossly unjust” a plan by the Indian authorities to tax retrospectively overseas transactions involving local assets from as long ago as 1962.
It said: “We are urgently considering a number of courses of action, both in India and internationally, in consultation with our advisers. we continue to discuss these issues with a wide range of stakeholders.”
It said it was not yet in a position to comment on the detail.
The mobiles giant won a five-year battle against the Indian tax authorities in January over a
$2.2 billion (£1.4 billion) claim.
