FM confident of resolving Voda tax dispute in a month

Finance minister, Palaniappan Chidambaram, said he is confident that a $2.6 billion tax dispute with Vodafone would be settled, telling the Financial Times that a third round of talks will be held this week.

“Vodafone has formally written to the government offering to engage senior government officials to find a way out of the problem,” he said in an interview with the FT.

“I’m confident we will resolve issue,” he told the newspaper.

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Chidambaram said he was seeking to resolve the outstanding tax matter within the month.

Vodafone was unavailable for immediate comment when contacted by Reuters.

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An unnamed figure close to the company told the FT that the finance minister was playing up the possibility of a deal.

On January 14, India’s finance minister announced they would delay by two years implementation of controversial rules on tax avoidance to 2016 seen as a move partly designed to help solve the dispute with Vodafone.

Reuters