India threatens to seize Vodafone’s local assets if it does not pay $2b disputed tax

India threatens to seize Vodafone’s local assets if it does not pay $2b disputed tax

Photo: REUTERS/Danish Siddiqui

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.

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