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Vodafone wins $2 bn tax case
Why is it in news?
- The Vodafone Group Plc won an international arbitration case against the Indian government, involving a $2 billion tax claim.
Details:
- An international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, were in a breach of an investment treaty agreement between India and the Netherlands.
- Timeline:
