India Said to Tell Vodafone It’s Ready for Tax Settlement Talks
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India has written to Vodafone Group Plc saying it’s ready for talks to settle a $2.2 billion tax dispute, a Finance Ministry official with direct knowledge of the matter said, bringing the resolution of the clash closer.
The government replied yesterday to a letter from the company that seeks an amicable settlement, the official said, asking not to be named as the information isn’t public. The administration may seek to waive interest and penalties on levies, such as in Vodafone’s case, arising from changes to tax laws applied retroactively, another official said, asking not to be identified as he isn’t authorized to speak to the media.