B K Syngal writes Vodafone case shows that FDI has helped neither - TopicsExpress



          

B K Syngal writes Vodafone case shows that FDI has helped neither the telecom sector, nor the consumers, but crony capitalists and surrogates who held the baby until legitimised and baptised The Vodafone tax case has stuck out like a sore thumb in the judicial landscape of India, known for its pragmatism with respect to tax disputes. This has happened because the executive has underplayed the Supreme Court’s decision to “look at” the transactions in Cayman Islands between Vodafone’s subsidiary and Hutchison Essar’s holding company, rather than “looking through” them, do not treat the disease, but only the symptoms. telecomtiger/PolicyNRegulation_fullstory.aspx?storyid=20000&flag=1&passfrom=topstory§ion=S174
Posted on: Wed, 19 Mar 2014 06:26:07 +0000

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