Nikos Lavranos
December 21, 2020

Vodafone v India award: risky business of retroactive taxation.

“While it is generally accepted that taxation is an exclusive prerogative of every state, this case highlights that bilateral investment treaties (BITs) limit the manner in which states may impose taxes on foreign companies. Indeed, the Vodafone award is another example of an award, which confirms the general opinio juris that the retroactive imposition of taxes is a breach of the obligations generally contained in BITs.”

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