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Results: 1-10 of 18

Vodafone responds to India on $2 billion tax demand

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India
  • -
  • 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

India Supreme Court upholds Vodafone tax ruling, as government proposes retroactive amendments to tax code

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India
  • -
  • March 23 2012

As anticipated, the Supreme Court of India on Tuesday turned down a government appeal of a January Supreme Court ruling that held British wireless giant Vodafone not liable for US$2.2 billion in capital gains taxes accruing from its $11 billion acquisition of Hutchison Essar in 2007

Vodafone to pursue international arbitration over India tax proposal

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India, Netherlands
  • -
  • April 20 2012

On Tuesday, Vodafone warned India’s government that it will initiate international arbitration proceedings if the government refuses to withdraw pending legislation to impose retroactive taxes on transactions between Indian and foreign companies, charging that the proposal violates Vodafone’s rights under an investment treaty between the Netherlands and India

Wireless tax bill approved by House Judiciary Committee

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • 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

Ohio Supreme Court rules against DBS industry in tax case

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • 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

Bill proposes uniform tax framework for digital goods

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • 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

Vodafone ordered to deposit $554 million in Indian tax case

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India
  • -
  • 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

Senate bill offers tax credits for broadband investment

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • 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

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

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • 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

Congress adopts legislation mandating incentive auctions and reallocation of 700 MHz D-block to public safety

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • February 24 2012

Last Friday, lawmakers from both sides of the political aisle joined forces in adopting tax relief legislation with provisions that would mandate incentive auctions of broadcast television spectrum to wireless entities and prescribe reallocation of 700 MHz D-block spectrum to public safety entities