India Panel Says Tax Law Hurting Vodafone Mustn’t Be Retroactive

India Panel Says Tax Law Hurting Vodafone Mustn’t Be Retroactive

Brent Lewin/Bloomberg

India’s Supreme Court ruled in January that Vodafone doesn’t have to pay $2.2 billion in tax on its purchase in 2007, conducted offshore, of the local business of Hutchison Whampoa Ltd.