I think vodafone should be asked to issue IPO IN India and a common bonding must be made so that this issue must be resolved before any tax reforms I think this is not wholly fault of vodafone as Hutch is also respobsible for this
we all tax payers are full that we are paying tax befor the time and this politicians encourage the corruption . now real tax payer should be more active that other also should pay tax eventhough it is vadafon
Basically bringing in rules with retrospective effect is wrong. This will only mean that nobody is safe ANYTIME as the government can always bring in some condition and apply it retrospectively. If someone has found a loophole and figured out ways and means to work through it - it only means that the law was badly written and the fools who wrote it must pay. Ok - now that they know about it, they must eat crow, thank the guy who found the loophole and change the law - but only prospectively. At any rate, this Vodafone case seems more like something to do with Chidu and family, and their angst against the Telco (very similar to what Maran tried to do with Tata Tele but could not do - and did with Aircel). There seems to be more of a political plot in this whole sordid affair.
No, The improve FII sentiments we should not letgo the amount of tax liable to be paid. But the retrospective tax law should we dropped henceforth not to deter the new FII investments. Vodafone may settle the case amicably with the govt. and the tax authority.