UK-based Vodafone Groupís CEO Vittorio Colao on Tuesday met finance minister P Chidamba-ram and is believed to have discussed the long-pending R11,200-crore tax liability issue. "It's always good to talk,Ē Colao told newspersons. He, however, did not take questions from them.
The British telecom major is facing a tax liability of over R11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa's stake in India's telecom major, Hutchison Essar. The government had proposed a non-binding conciliation to the telecom major to sort out the tax dispute.
Vodafone had earlier said it continued to talk with the government to establish a framework to resolve the issue. "Vodafone continues to be in talks with the Indian government to see if we can establish a framework which would allow discussions to begin regarding a possible solution," it had said last month.