Tax considerations affect the planning and structuring of corporate combinations.
When tax considerations are not properly considered, problems may crop up later. Example; Vodafones acquisition of Hutch-Essar. Indian tax authority is arguing that Vodafone must have deducted Tax at source on the consideration they paid to Hutch for the acquisition they made in 2007. ther is a provision of advance ruling on tax matters. vodafone could have gone for a advance ruling and it might have avoided this controversy.
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