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Vodafone verdict: What lies ahead for India's tax laws, investment pacts

Will this award put the remaining issues around imposition of a tax on a retrospective basis?

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The Vodafone award would not have any impact on new bilateral investment treaties based on the new model | Illustration: Ajay Mohanty

Sudipto Dey New Delhi

5 min read Last Updated : Sep 28 2020 | 6:06 AM IST

The decade-long tax dispute between UK’s Vodafone group and India seems to be entering its final phase of resolution with the Permanent Court of Arbitration at the Hague ruling in favour of the telecom giant.

Tax and arbitration experts explain the implications of this investment treaty arbitration dispute — under the India-Netherlands Bilateral Investment Treaty — on international investor sentiment and India’s existing and new investment treaties.

Will this award put the remaining issues around imposition of a tax on a retrospective basis?

Not really. Most international tax and arbitration experts are of the opinion that this award is only one tribunal’s view

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