{"id":10699,"date":"2012-04-05T15:49:00","date_gmt":"2012-04-05T15:49:00","guid":{"rendered":"http:\/\/dwarkaparichay.com\/blog\/2012\/04\/stop-vodafones-tax-thef\/"},"modified":"2018-06-04T17:05:34","modified_gmt":"2018-06-04T17:05:34","slug":"stop-vodafones-tax-thef","status":"publish","type":"post","link":"https:\/\/dwarkaparichay.com\/blog\/stop-vodafones-tax-thef\/","title":{"rendered":"Stop Vodafone’s tax theft"},"content":{"rendered":"
\nVodafone is perpetrating a textbook case of tax evasion to the tune of 11,000 crore, hiding behind international shell companies. This fortune should fund India\u2019s schools and roads, but it will only line foreign fat-cats\u2019 pockets unless the Indian government closes this outrageous loophole today.<\/p>\n
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\nFinance Minister Mukherjee\u2019s new budget provisions could change the law and recover the funds. But global business interests are ganging up on him \u2013 this week, they even sent the British Finance Minister to bully him into dropping the provision. If thousands of us stand together behind Minister Mukherjee now, we can shore up his resolve and win this battle for tax justice. <\/div>\n
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It\u2019s time that foreign corporate greed stopped knee-capping India\u2019s growth. Let\u2019s urge Minister Mukherjee to close the Vodafone loophole now and stand up to claim what India is rightfully owed. Sign now, and when we reach 50,000 signatures, we\u2019ll deliver the petition directly to Minister Mukherjee:<\/p>\n
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\nSubmit your petition<\/a><\/p>\n

In 2007, Vodafone\u2019s Indian arm acquired a two-thirds stake in Indian mobile operator Hutch Essar, which is owned by a Hong Kong-based company. Even though the assets were Indian, Vodafone managed to convince the Supreme Court that this massively profitable deal was not subject to Indian capital gains tax. Not only did Vodafone evade Indian tax, it hasn\u2019t paid tax anywhere for this windfall \u2013 all because it hides behind shell companies. <\/p>\n

British Finance Minister Osbourne has tried to protect Vodafone and argue that India should not alter its laws to recover the back-tax from Vodafone because it would harm foreign investment in India. But the Indian consumer market is growing exponentially, and a clear and rational tax system will only spur investment further. <\/p>\n

Even more absurdly, Mr. Osbourne has proposed a 2012 budget in the United Kingdom with exactly the same provisions to prevent corporate tax evasion! Malaysia, Norway and other countries have also introduced similar laws \u2013 because sensible governments realize they must protect their tax base from corporate thievery like Vodafone\u2019s. <\/p>\n

We can help Finance Minister Mukherjee stand up to this outrageous bullying and protect tax justice in India. Sign now to stop the runaway corporate greed and recover 11,000 crore for India\u2019s public budget: <\/p><\/div>\n

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\nSubmit your petition<\/a><\/p>\n

Our economy is bursting with energy, with millions of Indians working hard and paying their fair share of taxes. As the largest democracy in the world, we can set a precedent for laws that protect citizens\u2019 interests against the greed of multinationals \u2013 and clear a path for a fairer economy for all of us. <\/p>\n

With hope and determination, <\/p>\n

Ricken, Stephanie, Morgan, Diego, Emma, Shivendra, Kya and the rest of the Avaaz team<\/p><\/div>\n

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Vodafone is perpetrating a textbook case of tax evasion to the tune of 11,000 crore, hiding behind international shell companies. This fortune should fund India\u2019s schools and roads, but it will only line foreign fat-cats\u2019 pockets unless the Indian government closes this outrageous loophole today. Finance Minister Mukherjee\u2019s new budget provisions could change the law and recover the funds. But global business interests are ganging up on him \u2013 this week, they even sent the British Finance Minister to bully him into dropping the provision. If thousands of us stand together behind Minister Mukherjee now, we can shore up his <\/p>\n","protected":false},"author":1,"featured_media":42743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1879,67],"class_list":["post-10699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-update","tag-update","tag-views","has_thumb"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/10699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=10699"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/10699\/revisions"}],"predecessor-version":[{"id":42744,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/10699\/revisions\/42744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media\/42743"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=10699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=10699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=10699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}