Vodafone Starts Arbitration to Resolve Indian Tax Dispute
This article is for subscribers only.
Vodafone Group Plc has started international arbitration to resolve a long-running $2.4 billion tax dispute with the Indian government over a seven-year-old acquisition.
The company asked for the dispute to be decided by an international court in April, Newbury, England-based Vodafone said yesterday. The talks may commence by the end of 2014. India will defend against the arbitration notice, Finance Minister Palaniappan Chidambaram said at a briefing in New Delhi today.