NEW DELHI: Keen to put an end to the overhang of legacy issues, the government is open to any proposal for an out-of-court settlement of retrospective tax issues like the ones facing Vodafone<\/a> and Cairn Energy<\/a>, Revenue Secretary Hasmukh Adhia has said. 新德里:渴望结束的遗留问题,政府开放给任何建议庭外和解的回顾等问题面临的税收沃达丰(Vodafone)和凯恩能源公司收入部长Hasmukh Adhia说。
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\nBritish telecom giant Vodafone as well as Scottish explorer Cairn Energy have dragged government to arbitration against tax demands raised after enacting a legislation that allowed tax to be levied retrospectively.
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\n\"The present government has made it very clear that there would be no more retrospective taxation,\" Adhia told PTI.
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\n\"However, there are some legacy cases which arose because of retrospective amendment in the past which we are trying to settle within the existing legal framework,\" he said.
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\nAsked if the government is open for an out-of-court settlement, Adhia said, \"the government is open to any proposal of out-of-court settlement.\"
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Vodafone has been slapped with a tax demand of Rs 7,990 crore, which together with interest and penalty comes to Rs 20,000 crore, over its 2007 purchase of Hutchison Whampoa<\/a> Ltd's Indian assets.
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\nBritish oil explorer Cairn Energy plc was in January last year issued a tax notice of Rs 10,247 crore over alleged capital gains it made after it transfered its India business into a new subsidiary Cairn India and got it listed on stock exchanges in 2006.
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\nBoth the firms have initiated arbitration against the tax demand.
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\nAdhia, however, refused to comment on either of the cases. \"I would not like to discuss any individual case,\" he said.
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\nThe government had in July this year appointed international lawyer Rodrigo Oreamuno to arbitrate on its behalf in tax case with Vodafone.
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\nCosta Rica-based Oreamuno replaced former Chief Justice of India R C Lahoti who had in May recused himself. Vodafone has already named Yves Fortier of Canada as its nominee on the panel.
\n
\nHowever, a third arbitrator, who will act as a chairman of the three-member tribunal for the case, has not yet been firmed up by Oreamuno and Fortier.
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\nIn the Cairn issue, the government initially refused to join the arbitration but last month named Singapore-based lawyer J Christopher Thomas as its arbitrator.
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\nCairn has already named former Bulgarian minister Stanimir A Alexandrov as its arbitrator. A third arbitrator is yet to be named in the case.\n\n<\/p><\/body>","next_sibling":[{"msid":50340445,"title":"Trai aims to resolve some neutrality issues by early 2016","entity_type":"ARTICLE","link":"\/news\/trai-aims-to-resolve-some-neutrality-issues-by-early-2016\/50340445","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50340324,"entity_type":"ARTICLE","title":"Open to out-of-court settlement of legacy tax issues: Hasmukh Adhia","synopsis":"Cairn has already named former Bulgarian minister Stanimir A Alexandrov as its arbitrator. A third arbitrator is yet to be named in the case.","titleseo":"telecomnews\/open-to-advertising-for-revenue-internet-org-vp","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2015-12-27 11:59:52","lastupd":"2015-12-27 11:59:52","breadcrumbTags":["Vodafone","industry","Hutchison Whampoa","Cairn Energy"],"secinfo":{"seolocation":"telecomnews\/open-to-advertising-for-revenue-internet-org-vp"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2015-12-27" data-index="article_1">
英国电信巨头沃达丰(Vodafone)以及苏格兰探险家凯恩能源拖政府对税收仲裁要求提出在制定立法,允许税收征收。
“现在政府已经说得很清楚,就不会有更多的回顾性税收,“Adhia PTI说。
“然而,有一些遗留情况下这是由于回顾性修正案在过去,我们正试图解决在现有的法律框架内,”他说。
问政府开放庭外和解,Adhia说,“政府开放给任何建议庭外和解。”
沃达丰(Vodafone)被狠敲了一笔,而税收7990卢比的需求,加上利息和罚款20000卢比,2007年收购和记黄埔(Hutchison Whampoa)有限公司的印度资产。
英国石油勘探凯恩能源公司是去年1月发布了一份税务通知10247卢比涉嫌资本收益后它使其印度业务转移到一个新的子公司凯恩印度和2006年股票交易所上市。
公司都对税收需求提请仲裁。
然而,Adhia拒绝评论的事件。“我不愿意讨论任何个人情况,”他说。
政府今年7月任命国际律师罗德里戈Oreamuno代表其仲裁沃达丰的税收情况。
科斯塔Rica-based Oreamuno取代印度前首席大法官R C Lahoti曾主动要求5月。沃达丰已经命名的伊夫·福捷加拿大作为候选人的面板。
然而,第三仲裁员,谁将作为三人法庭主席的情况下,尚未敲定由Oreamuno和福捷。
在凯恩的问题,政府最初拒绝加入仲裁,但上个月叫新加坡律师J克里斯托弗·托马斯作为仲裁员。
凯恩已经任命前保加利亚部长Stanimir Alexandrov作为仲裁员。第三仲裁员尚未命名。
NEW DELHI: Keen to put an end to the overhang of legacy issues, the government is open to any proposal for an out-of-court settlement of retrospective tax issues like the ones facing Vodafone<\/a> and Cairn Energy<\/a>, Revenue Secretary Hasmukh Adhia has said.
\n
\nBritish telecom giant Vodafone as well as Scottish explorer Cairn Energy have dragged government to arbitration against tax demands raised after enacting a legislation that allowed tax to be levied retrospectively.
\n
\n\"The present government has made it very clear that there would be no more retrospective taxation,\" Adhia told PTI.
\n
\n\"However, there are some legacy cases which arose because of retrospective amendment in the past which we are trying to settle within the existing legal framework,\" he said.
\n
\nAsked if the government is open for an out-of-court settlement, Adhia said, \"the government is open to any proposal of out-of-court settlement.\"
\n
Vodafone has been slapped with a tax demand of Rs 7,990 crore, which together with interest and penalty comes to Rs 20,000 crore, over its 2007 purchase of Hutchison Whampoa<\/a> Ltd's Indian assets.
\n
\nBritish oil explorer Cairn Energy plc was in January last year issued a tax notice of Rs 10,247 crore over alleged capital gains it made after it transfered its India business into a new subsidiary Cairn India and got it listed on stock exchanges in 2006.
\n
\nBoth the firms have initiated arbitration against the tax demand.
\n
\nAdhia, however, refused to comment on either of the cases. \"I would not like to discuss any individual case,\" he said.
\n
\nThe government had in July this year appointed international lawyer Rodrigo Oreamuno to arbitrate on its behalf in tax case with Vodafone.
\n
\nCosta Rica-based Oreamuno replaced former Chief Justice of India R C Lahoti who had in May recused himself. Vodafone has already named Yves Fortier of Canada as its nominee on the panel.
\n
\nHowever, a third arbitrator, who will act as a chairman of the three-member tribunal for the case, has not yet been firmed up by Oreamuno and Fortier.
\n
\nIn the Cairn issue, the government initially refused to join the arbitration but last month named Singapore-based lawyer J Christopher Thomas as its arbitrator.
\n
\nCairn has already named former Bulgarian minister Stanimir A Alexandrov as its arbitrator. A third arbitrator is yet to be named in the case.\n\n<\/p><\/body>","next_sibling":[{"msid":50340445,"title":"Trai aims to resolve some neutrality issues by early 2016","entity_type":"ARTICLE","link":"\/news\/trai-aims-to-resolve-some-neutrality-issues-by-early-2016\/50340445","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50340324,"entity_type":"ARTICLE","title":"Open to out-of-court settlement of legacy tax issues: Hasmukh Adhia","synopsis":"Cairn has already named former Bulgarian minister Stanimir A Alexandrov as its arbitrator. A third arbitrator is yet to be named in the case.","titleseo":"telecomnews\/open-to-advertising-for-revenue-internet-org-vp","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2015-12-27 11:59:52","lastupd":"2015-12-27 11:59:52","breadcrumbTags":["Vodafone","industry","Hutchison Whampoa","Cairn Energy"],"secinfo":{"seolocation":"telecomnews\/open-to-advertising-for-revenue-internet-org-vp"}}" data-news_link="//www.iser-br.com/news/open-to-advertising-for-revenue-internet-org-vp/50340324">
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