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US Reacts to Income Tax Surveys at BBC's Delhi, Mumbai Offices, Says 'We Support...'

Income Tax department on Tuesday conducted survey operations at the BBC s offices in Delhi, Mumbai, and two other linked locations as part of an investigation into alleged tax evasion. ....

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This week in tax: Cairn drops lawsuit to claim Indian tax refund

This week Scottish oil company Cairn Energy ended its battle with the Indian government in exchange for a refund of more than $1 billion in back taxes. ....

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Cairn and Vodafone pursue talks to settle Indian tax claims

Cairn and Vodafone pursue talks to settle Indian tax claims
internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.

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India rebuffs Cairn's offer to settle tax dispute | International Tax Review

High stakes, higher risks
Cairn has offered to invest the entire financial award in India, providing that the government relents on the appeal it filed in March. This would include the principal amount of $1.2 billion, plus interest of $500 million.
Although this is a significant sum, Indian government officials have made it clear that the government will not accept this offer. But the government is open to a settlement on different terms.
“There is no way that the government is going to accept the proposal. We have filed an appeal. Any solution will be within the legal framework,” one government official told the press. ....

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India decides to fight Cairn arbitration decision

India decides to fight Cairn arbitration decision
internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.

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