Published on 9th May 2012
“India plans to demand about $3.75bn from Vodafone Group PLC if a law to tax certain overseas mergers retroactively is enacted, a senior government official said. The demand would include a basic tax of about $1.48bn, a penalty of a similar amount and interest charges of about $790m, RS Gujral, secretary at the Finance Ministry's Department of Revenue said on television Wednesday,” the Wall Street Journal writes.