Vaish Associates' Ajay Vohra: "Vodafone Is a Test Case."
Episode Description
The conventional practice in many parts of the world is to own foreign assets, particularly those that are not core, through a chain of subsidiaries, many of them registered in tax havens. One of the advantages is that the deal does not attract capital gains tax. The Indian Revenue department has, however, challenged this. The tax authorities have claimed US$2 billion in the US$11.1 billion Vodafone acquisition of Hutchison Essar. The world is watching, says Ajay Vohra of Vaish Associates in this interview with India Knowledge@Wharton. Vaish spoke on several other issues.
Brief Summary
Ajay from Veish Associates discusses tax law, business challenges, and the Vodafone case in India.
Key points
- The Complex Legal Environment in India. Ajay discusses the hurdles businesses face in India and how his firm assists them.
- Vodafone Case: A Legal Landmark. The Vodafone case is a pivotal test for India's tax jurisdiction over foreign transactions.
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Episode highlights
- The Complex Legal Environment in IndiaAjay discusses the hurdles businesses face in India and how his firm assists them.“We handhold foreign corporations to help them set up in India.”1:56May 25, 2011
- Vodafone Case: A Legal LandmarkThe Vodafone case is a pivotal test for India's tax jurisdiction over foreign transactions.“This case is being highlighted in the foreign media as well.”7:45May 25, 2011
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