Vodafone makes provision for Indian Tax Liability
IN an interview, Chief Financial Officer of Vodafone Andy Halford reportedly mentioned that the company may make a provision to cover the legal risks of 2.2 billion USD liability due to the Indian Government. The situation has changed and we are looking at it,” Halford said from Vodafone's headquarters in Newbury, England. The company's test over whether to take a provision “is now being applied differently against a recently introduced, albeit retrospective, legislation”.