 "Tax demand to Cairn unwelcome: UK Foreign Secretary Hammond")
British Foreign Secretary Philip Hammond, speaking after talks in India's capital, said he had raised concerns over a $1.6 billion tax case involving British oil explorer Cairn Energy Plc and had been assured there aren't other similar cases.
Cairn Energy earlier this week filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department, in the latest high-profile tax row to hit Asia's third-largest economy.
The latest dispute comes after the Indian government, led by Prime Minister Narendra Modi, had sought to reduce tax-related litigation and move towards a tax-friendly regime to boost much-needed foreign investment.
"The tax demand made to Cairn was very unwelcome," Hammond said after talks with Indian Finance Minister Arun Jaitley.
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