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India Warns Vodafone
World Economy

India Warns Vodafone

India said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputed 142-billion-rupee ($2.1 billion) tax bill that’s still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this month, Bloomberg reported. Anil Sant, deputy commissioner of income tax, informed the company’s Vodafone International Holdings BV Dutch unit of its dues in a letter dated Feb. 4, according to the document. Spokesman Ben Padovan at Vodafone and a representative at India’s tax department declined to comment.

 

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