VODAFONE RULING: GOVERNMENT SHOULD LEARN LESSONS
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VODAFONE RULING: GOVERNMENT SHOULD LEARN LESSONS
The arbitration tribunal in The Hague threw out the Indian government’s $3 billion tax demand against Vodafone Group Plc, finding it to be in breach of fair treatment under the country’s bilateral investment protection pact with the Netherlands, and awarded costs to the British telco. The study argues the Modi government ‘hasn’t lessened uncertainty or cut red tape’; and presents lessons the government needs to learn.
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