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\"\"NEW DELHI: Finance minister<\/a> Arun Jaitley<\/a> said that the decision to tax Vodafone Group retrospectively, taken by the UPA 2 government, was 'erroneous' and that the present government will not be going down that path.
\n
\"I always felt Vodafone tax<\/a> decision was an erroneous decision... This govt will not be taking any retrospective decision,\" Jaitley said, talking to a packed house at the Economic Times Global Business Summit 2018 on Saturday.
\n
\nThe comment came in response to questions from the audience about stability of policy, rules and regulations, a key ask from overseas investors, who have seen the Vodafone tax case play out for nearly a decade.
\n
\nJaitely added that if any investor chooses another destination over India, it can't be for the Vodafone tax issue but about other issues.
\n
\nThe government at that time had raised a tax demand of Rs 11,000 crore raised by the government related to Vodafone’s USD 11 billion acquisition of Hutchison Telecom stake in 2009.
\n
The government had said then, that the Hutchison-Vodafone deal was liable for tax deduction at source (TDS<\/a>) under the Income Tax (IT) Act, and since Vodafone had not deducted the tax at source, the government raised the demand, which has expanded to Rs 20,000 crore including interest and penalties.
\n
\nWhile the Supreme Court subsequently quashed the demand on January 20, 2012, the government amended its IT Act retrospectively, putting the liability back on Vodafone Group.
\n
\nConsequently, Vodafone Group, through its Dutch subsidiary - Vodafone International Holdings BV (VIHBV) – in April 2012 invoked arbitration under India-Netherlands BIPA and then issued notice of arbitration of in April, 2014.
\n
\nALSO READ: Supreme Court allows Vodafone to initiate second arbitration over $2 billion tax demand<\/a><\/strong>
\n
\nWhile proceedings under India-Netherlands BIPA were pending, it initiated a second arbitration under the India-UK BIPA in January, 2017, which was challenged by the Indian government on the grounds that two claims were based on the same cause of action and sought identical reliefs but from two different tribunals constituted under two different investment treaties against the same host state.
\n
\nIn the hearings in the Supreme Court last year, the Centre argued that disputes encompassing tax demands raised by a host state were beyond the scope of arbitration provided under the BIPA as taxation was a sovereign function and could only be agitated before a constitutional court of the host state.
\n
\nThe apex court had said on December 14 last year that the chairman or presiding arbitrator can be appointed so that the tribunal is set up, but it should not commence hearing till the Delhi High Court decides the pending matter. The hearing in this matter is still going on.<\/body>","next_sibling":[{"msid":63052845,"title":"COAI says fight with Trai, not with Reliance Jio","entity_type":"ARTICLE","link":"\/news\/coai-said-it-is-reviewing-defamation-notice-by-reliance-jio\/63052845","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63054372,"entity_type":"ARTICLE","title":"Vodafone tax decision was an erroneous one: Arun Jaitley","synopsis":"Jaitely added that if any investor chooses another destination over India, it can't be for the Vodafone tax issue but about other issues.","titleseo":"telecomnews\/vodafone-tax-decision-was-an-erroneous-one-arun-jaitley","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":156,"shares":0,"engagementtimems":479000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2018-02-24 12:15:44","lastupd":"2018-02-24 12:24:38","breadcrumbTags":["Vodafone tax","TDS","Arun Jaitley","Finance minister","industry"],"secinfo":{"seolocation":"telecomnews\/vodafone-tax-decision-was-an-erroneous-one-arun-jaitley"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-02-24" data-index="article_1">

沃达丰税收决定是一个错误:杰

Jaitely补充说,如果投资者对印度选择另一个目的地,它不可能是沃达丰的税务问题,而是其他问题。

  • 2018年2月24日更新是十二24点
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士
新德里消息:财政部长 杰说,决定税收沃达丰集团回顾性,UPA 2政府采取的是“错误的”,目前的政府不会走这条道路。

“我总是觉得沃达丰(Vodafone)税收决策是一个错误的决定……这个政府将不会采取任何回顾性的决定,”杰说,在一个挤满人的房间里说话经济时报星期六2018年全球商业峰会。

评论是为了回应提问观众对稳定的政策,法规,来自海外投资者的一个关键问看到了沃达丰税收情况下上演了将近十年。

Jaitely补充说,如果投资者对印度选择另一个目的地,它不可能是沃达丰的税务问题,而是其他问题。

政府当时提出了一个税收需求相关的政府提出的11000卢比沃达丰2009年110亿美元收购和记黄埔电信的股份。

政府曾表示,Hutchison-Vodafone交易承担税收减免在源(TDS)根据所得税(IT)法,因为沃达丰没有扣除的税收来源,政府提出的需求,这已经扩大到20000卢比包括利息和罚金。

虽然最高法院随后撤销需求1月20日,2012年,政府修改了回顾,把责任沃达丰集团。

因此,沃达丰集团通过其荷兰子公司——沃达丰国际控股BV (VIHBV)——2012年4月调用仲裁下India-Netherlands BIPA然后发出仲裁通知的4月,2014年。

还读:最高法院允许沃达丰发起第二次仲裁超过20亿美元税收需求

在诉讼India-Netherlands BIPA等待,它启动了第二下仲裁India-UK BIPA今年1月,2017年,由印度政府的挑战,理由是行动的两个主张是基于相同的原因和寻求相同的浮雕,而是来自两个不同的法庭是根据两个不同的投资条约对同一主机状态。

在去年最高法院听证会,中心认为纠纷包括税收的要求提出的许多国家都超出了仲裁的范围规定BIPA作为税收主权功能,只能是一个烦躁的宪法法院前主机状态。

顶点法院去年12月14日曾表示,董事长或首席仲裁员可以任命法庭设置,但它不应开始听力直到德里高等法院决定悬而未决的问题。听力在这件事上仍在继续。
  • 发布于2018年2月24日下午12:15时坚持
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\"\"NEW DELHI: Finance minister<\/a> Arun Jaitley<\/a> said that the decision to tax Vodafone Group retrospectively, taken by the UPA 2 government, was 'erroneous' and that the present government will not be going down that path.
\n
\"I always felt Vodafone tax<\/a> decision was an erroneous decision... This govt will not be taking any retrospective decision,\" Jaitley said, talking to a packed house at the Economic Times Global Business Summit 2018 on Saturday.
\n
\nThe comment came in response to questions from the audience about stability of policy, rules and regulations, a key ask from overseas investors, who have seen the Vodafone tax case play out for nearly a decade.
\n
\nJaitely added that if any investor chooses another destination over India, it can't be for the Vodafone tax issue but about other issues.
\n
\nThe government at that time had raised a tax demand of Rs 11,000 crore raised by the government related to Vodafone’s USD 11 billion acquisition of Hutchison Telecom stake in 2009.
\n
The government had said then, that the Hutchison-Vodafone deal was liable for tax deduction at source (TDS<\/a>) under the Income Tax (IT) Act, and since Vodafone had not deducted the tax at source, the government raised the demand, which has expanded to Rs 20,000 crore including interest and penalties.
\n
\nWhile the Supreme Court subsequently quashed the demand on January 20, 2012, the government amended its IT Act retrospectively, putting the liability back on Vodafone Group.
\n
\nConsequently, Vodafone Group, through its Dutch subsidiary - Vodafone International Holdings BV (VIHBV) – in April 2012 invoked arbitration under India-Netherlands BIPA and then issued notice of arbitration of in April, 2014.
\n
\nALSO READ: Supreme Court allows Vodafone to initiate second arbitration over $2 billion tax demand<\/a><\/strong>
\n
\nWhile proceedings under India-Netherlands BIPA were pending, it initiated a second arbitration under the India-UK BIPA in January, 2017, which was challenged by the Indian government on the grounds that two claims were based on the same cause of action and sought identical reliefs but from two different tribunals constituted under two different investment treaties against the same host state.
\n
\nIn the hearings in the Supreme Court last year, the Centre argued that disputes encompassing tax demands raised by a host state were beyond the scope of arbitration provided under the BIPA as taxation was a sovereign function and could only be agitated before a constitutional court of the host state.
\n
\nThe apex court had said on December 14 last year that the chairman or presiding arbitrator can be appointed so that the tribunal is set up, but it should not commence hearing till the Delhi High Court decides the pending matter. The hearing in this matter is still going on.<\/body>","next_sibling":[{"msid":63052845,"title":"COAI says fight with Trai, not with Reliance Jio","entity_type":"ARTICLE","link":"\/news\/coai-said-it-is-reviewing-defamation-notice-by-reliance-jio\/63052845","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63054372,"entity_type":"ARTICLE","title":"Vodafone tax decision was an erroneous one: Arun Jaitley","synopsis":"Jaitely added that if any investor chooses another destination over India, it can't be for the Vodafone tax issue but about other issues.","titleseo":"telecomnews\/vodafone-tax-decision-was-an-erroneous-one-arun-jaitley","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":156,"shares":0,"engagementtimems":479000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2018-02-24 12:15:44","lastupd":"2018-02-24 12:24:38","breadcrumbTags":["Vodafone tax","TDS","Arun Jaitley","Finance minister","industry"],"secinfo":{"seolocation":"telecomnews\/vodafone-tax-decision-was-an-erroneous-one-arun-jaitley"}}" data-news_link="//www.iser-br.com/news/vodafone-tax-decision-was-an-erroneous-one-arun-jaitley/63054372">