British telecom multinational Vodafone on Thursday asserted it does not have any tax dues in India. The I-T department has demanded $2 billion from the company as capital gains tax on account of the Vodafone-Hutch deal. Vodafone chief executive Vittorio Colao said here: We continue to be convinced and advised that no tax is due. We have made an acquisition in this country. We have not sold assets. Colao s statement came just before the British chancellor of the exchequer George Osborne s meeting with finance minister Pranab Mukherjee. The Vodafone tax matter was discussed at the meeting, say sources. Vodafone has ...
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30th July 2010
No tax dues in India, claims Vodafone CEO
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