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Vodafone not liable for taxes on Essar purchase, says India Supreme Court

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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India
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January 27 2012

A long-running battle between British wireless giant Vodafone and India’s tax authority ended in victory for Vodafone, as India’s Supreme Court decreed that Vodafone does not owe US$4.4 billion in taxes and penalties accruing from its $10.9 billion acquisition of Hutchison Essar in 2007

DBS industry files suit against Massachusetts satellite tax

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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January 29 2010

Charging that sales taxes levied on satellite TV services by the State of Massachusetts are discriminatory, direct broadcast satellite (DBS) service providers DISH Network and DirecTV filed a legal complaint with the Massachusetts Superior Court that seeks injunctive relief and a declaratory ruling that the tax violates the commerce and equal protection clauses of the U.S. Constitution

Senate bill offers tax credits for broadband investment

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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July 17 2009

Private sector entities that invest in new or improved broadband infrastructure would receive tax credits under legislation introduced Tuesday by ranking Senate Commerce Committee member Kay Bailey Hutchison (R-TX

Vodafone responds to India on $2 billion tax demand

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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India
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March 19 2010

Vodafone has submitted its final annexure to its original response to tax authorities in India that are holding the British wireless giant liable for a tax bill of U.S. $2 billion that stems from Vodafone’s $11.2 billion acquisition of Hutchison Essar

House lawmaker seeks closure of tax loophole that facilitated Verizon-Fairpoint deal

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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January 15 2010

Arguing that a tax loophole used by Verizon Communications in its 2007 sale of New England landlines to Fairpoint Communications saddled Fairpoint with enough debt to force Fairpoint into bankruptcy, Representative Paul Hodes (D-NH) introduced legislation that would repeal the Reverse Morris Trust provisions used by Verizon and other companies to avoid payment of capital gains taxes that stem from corporate mergers

Ohio Supreme Court rules against DBS industry in tax case

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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December 30 2010

Direct broadcast satellite (DBS) operators DISH Network and DirecTV are assessing their legal options in the wake of a ruling by the Ohio Supreme Court (OSC) that upholds the constitutionality of a 5.5 sales tax that is imposed by the state on DBS offerings but not on cable TV services that are arguably functionally equivalent to DBS from the standpoint of subscribers

Vodafone ordered to deposit $554 million in Indian tax case

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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India
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November 19 2010

Pending a final decision on Vodafone’s appeal against a government directive that holds Vodafone liable for US$2.5 billion in taxes and interest accruing from the company’s 2007 acquisition of Hutchison Essar, the Supreme Court of India ordered Vodafone on Monday to submit a deposit of $554.1 million within three weeks as well as bank guarantees within eight weeks that would cover the outstanding portion of the government’s tax claim

Bill proposes uniform tax framework for digital goods

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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July 9 2010

Observing that "existing sales and use taxes are inadequate and ill-equipped to address today's digital economy," House Communications, Technology & Internet Subcommittee Chairman Rick Boucher (D-VA) introduced legislation that would establish a uniform national framework for the taxation of digital goods and services

CBO suggests elimination of telephone excise, USF taxes

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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August 14 2009

A report compiled by the Congressional Budget Office (CBO) suggests the elimination of telephone excise and universal service fund (USF) taxes

Wireless tax bill approved by House Judiciary Committee

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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July 22 2011

Legislation imposing a five-year moratorium on new state and local taxes that target wireless services was approved last Thursday by members of the House Judiciary Committee, who also endorsed amendments that would (1) provide an exemption for taxes approved by voters and (2) mandate a study of the bill’s impact on state and local governments

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