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'India can attract significant FDI if it sorts out tax issues'

Japanese investors remain "very positive" on India, saying there is a big opportunity for placing "significant" FDI if the country can sort out some of its tax issues, a top official of Japan's financial services major Nomura has said.

SC refuses to entertain PIL in Vodafone case

The Supreme Court on Tuesday refused to entertain a PIL seeking direction to the Centre to recover around Rs 20,000 crore tax dues from UK telecom major Vodafone and to restrain the government from going ahead with arbitration on the issue.

Vodafone: FinMin moves Cabinet for withdrawing from peace talks

The Finance Ministry Monday said it has moved the Cabinet for withdrawing from conciliation proceedings to resolve the tax row with Vodafone after the UK-based telecom firm served notice of arbitration.

Interpretation of tax laws in India 'main problem': Kapadia

Kapadia also said that there should be clear distinction between rules and standards when it comes to tax matters.

Vodafone tax case: Govt favours 'out-of-court' settlement

Telecom Minister Sibal, who took additional charge as Law Minister yesterday, revived the case by seeking a fresh opinion of Attorney General G E Vahanvati on the issue.

Vodafone tax dispute affected global perceptions about India: Montek

"The Vodafone case did not do us any favours. My personal view is that they knew very well that it (Vodafone's purchase of the Indian operations of Hutchinson Whampoa in 2007) was chargeable to tax, but they decided to take a calculated risk.

Amicable solution to Vodafone case under consideration: FinMin

The Income Tax Department had issued a letter in January to Vodafone International Holdings BV (VIHBV) stating that the company is required to pay tax demand of Rs 112,17,94,68,800 along with interest.

Vodafone, others to get I-T notices soon

The Income Tax authorities will soon send reminder notice to Vodafone and raise demands from other companies to recover similar tax dues, which may yield the exchequer a total of Rs 40,000 crore.

Inter-Ministerial group to examine Vodafone's dispute notice

The government will soon set up an Inter-Ministerial Group (IMG), headed by Finance Secretary R S Gujral, to look into Vodafone's notice threatening international arbitration in the Rs 11,000-crore tax case.

I-T amendment proposal not in line with global norms: Vodafone

The company was responding to a statement by Revenue Secretary R S Gujral who had said that Vodafone-type deals were taxed in the US, the UK, other OECD countries and China.

India not a tax haven: Pranab

Defending the proposed amendment of the Income Tax (IT) Act with retrospective effect, union Finance Minister Pranab Mukherjee Sunday said India cannot be a tax haven.

Govt refunds money to Vodafone

Within hours of the Supreme Court dismissing the review petition in the Vodafone's tax case, government Tuesday refunded about Rs 2,500 crore plus four percent interest to the firm.