Ernst & Young Tax seminar
Vodafone wins significant tax battle in India
By invitation only
In one of India’s biggest tax controversies, Vodafone Group has recently won a significant US$2.5 billion battle against the Indian tax office. The much-awaited judgment of the Supreme Court of India (SC) has set aside the decision of the Bombay High Court concerning the taxability of gains arising to a foreign company from the transfer of shares of a foreign holding company that indirectly held shares in an Indian operating company.
The favorable milestone judgment accorded to Vodafone is of great significance as it not only positions India as a preferential investment destination in the region but the principles that arose from the verdict could have ramifications beyond India affecting taxation of international transactions, tax avoidance and tax enforcement in other territories. For example, the market is now asking whether this decision has implications for the Mainland China indirect transfer landscape.
Find out more details on this landmark case and the possible tax implications to your company by joining us in our seminar - Vodafone wins significant tax battle in India. This seminar will be held at our office on 20 February 2012, at Citic Tower, Central, Hong Kong.
Our experienced tax professionals will share with you our insights on the judgment and how it would potentially impact cross-border deals in different jurisdictions:
- Highlight the observations / comments made by the Supreme Court of India in its ruling
- Update on the latest development on tax rules governing direct and indirect equity transfer in Mainland China
- Share our insights on the tax implications on other cross-border deals
|Date:||Monday, 20 February 2012|
|Time:||8:45 a.m. – 11:00 a.m.|
|Venue:||Ernst & Young, 22/F, Citic Tower|
|Address:||1 Tim Mei Avenue, Central, Hong Kong|
|8:45 – 9:15 a.m.||Registration|
|9:15 – 9:20 a.m.||Welcome speech|
|9:20 – 10:45 a.m.||Discuss Vodafone case|
|10:45 – 11:00 a.m.||Questions and answers|
Who should attend?
- CEOs, CFOs and senior management of companies
- Tax directors and managers
- Executives and professionals responsible for tax compliance and planning
There will be no fee charge for this event.