Tax arbitration

Already the huge tax arbitration pending in the courts has claimed a victim- Microsoft did not acquire the Sriperumbudur (approx 40 kms South west of Chennai, Tamil Nadu, India) plant of Nokia. This is one of the seven plants not acquired by Microsoft across globe.

Now the next one brewing up is Cairn Plc- Cairn India…

http://economictimes.indiatimes.com/industry/energy/power/cairn-energy-seeks-compensation-from-india-on-tax-demand-cairn-india-stock-gains/articleshow/46674409.cms

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