The Billion Dollar Saga: A Study of the Vodafone Judgment and its Policy Implications

Abstract

The Vodafone judgment has been massive in its implications. A natural question arises- what major policy changes will ensue? The other question that arises is whether India should tax sale of capital assets situated in another country by non-residents, when the underlying asset is in India. There has been no discourse or literature available on either of these critical questions. This paper seeks to answer both these questions.