Caselet 3: The Rebranding of ‘Hutch’ to ‘Vodafone’|Marketing|Case Study|Case Studies

If the nonresident company has no PE in India, the tax rate depends on the nature of income dividends, capital gains, royalty, etc and the provisions of the case study of hutch and vodafone double taxation avoidance agreements DTAA. There is also the moral hazard.

Cases such as Voodafone have an up a global debate on the devious tax planning strategies and what governments can do to stymie them. Section defines agent to include a person who has a business connection with the non-resident.

So when it comes to paying taxes, be faithful to the rules.

MKTG click on the button below, and select the case from the list of available cases: Hutcy Windies are a heartbreaking shadow of their invincible former self. All Indian companies and companies whose control and management is situated wholly in India are treated as resident.

As ofit had as many as 40 network partners and a customer base of approximately million people in different regions of the world IAN Fund invests in waterless personal hygiene startup Clensta. Two of the local case study of hutch and vodafone have reached the high fever mark, both set to pay out over a case study of hutch and vodafone dollars. This is perhaps the first time tax authorities are attempting to tax a transaction between two foreign companies involving transfer of an Indian asset.

From being marooned in water, Kerala has turned bone-dry in just a month.

Leave Your Comment s. While the matter was being csae in the Mumbai High Court, an amendment was made to the Act, to the effect that if the seller of the shares did not pay tax in India, the buyer is bound case study of hutch and vodafone pay the same and imposed a retrospective interest penalty for not withholding such tax.

All you wanted to know about the Vodafone tax case – The Hindu BusinessLine

Vodafone Essar was formed in May case study of hutch and vodafone the UK-based global telecom giant Vodafone Plc 41 Vodafone acquired a controlling stake in the fourth-largest case study of hutch and vodafone communication service provider in India, Hutchison Essar Ltd. Scope of Taxable Income of a Non-resident: Vodafone Essar officially rebranded the ‘Hutch’ brand to ‘Vodafone’ in India. Having sewn up the deal entirely offshore, where the Indian tax authorities had no say, Vodafone then proceeded to make Zoozoo advertisements.

A person resident in India for a period more than days in a year is deemed to be an Indian resident. Log in Keep me signed in. But it decided to take the roundabout route; its subsidiary exchanged cash for shares with a similar holding company for Hutchison Essar, in far off Cayman Islands.

In the Hindustan Machine Tools case, the Supreme Court held that the legislature could pass laws retrospectively, with the exception that this power could be challenged if the law was discriminatory. Pursuant case study of hutch and vodafone Section 9 1 of the Act, income is deemed to accrue or arise in India if such income is due to transfer of yutch asset situated in India voddafone through or from business connection in India. KKR Q3 earnings jump on gains from asset sales.

All you wanted to know about the Vodafone tax case

Chat with us Please leave your feedback. It is a common practice among multinational companies MNCs to establish a special purpose vehicle SPV in tax-efficient jurisdictions such as Mauritius or Cayman Islands for holding shares in a downstream Indian company.

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The liability to deduct tax applies to non-residents as well as residents. VEL has challenged the show cause notice issued by the IT Department regarding a levy of studu gains tax and filed case study of hutch and vodafone writ petition in the Mumbai High Court.