{"id":391534,"date":"2020-12-24T11:54:47","date_gmt":"2020-12-24T06:24:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=391534"},"modified":"2020-12-24T13:28:28","modified_gmt":"2020-12-24T07:58:28","slug":"cairn%e2%80%8awins%e2%80%8a1-2%e2%80%8abillion%e2%80%8aaward%e2%80%8ain-damages%e2%80%8ain%e2%80%8atax%e2%80%8arow%e2%80%8awith%e2%80%8acentre","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn%e2%80%8awins%e2%80%8a1-2%e2%80%8abillion%e2%80%8aaward%e2%80%8ain-damages%e2%80%8ain%e2%80%8atax%e2%80%8arow%e2%80%8awith%e2%80%8acentre\/","title":{"rendered":"Cairn\u200awins\u200a$1.2\u200abillion\u200aaward\u200ain damages\u200ain\u200atax\u200arow\u200awith\u200aCentre"},"content":{"rendered":"<p>An international arbitration tribunal awarded $1.2 billion in damages plus interest and costs to British oil explorer Cairn Energy Plc in a tax dispute with the Indian government, dealing a blow to New Delhi\u2019s efforts to tackle aggressive tax avoidance by foreign companies.<\/p>\n<p>Cairn approached the tribunal after India\u2019s 2015 tax demand of $2.74 billion over the group\u2019s reorganisation in 2006, resulting in the creation of Cairn India Ltd.<\/p>\n<p>The tribunal has a member each from Cairn and the Indian government as well as a neutral arbitrator.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An international arbitration tribunal awarded $1.2 billion in damages plus interest and costs to British oil explorer Cairn Energy Plc in a tax dispute with the Indian government, dealing a blow to New Delhi\u2019s efforts to tackle aggressive tax avoidance by foreign companies. Cairn approached the tribunal after India\u2019s 2015 tax demand of $2.74 billion over the group\u2019s reorganisation in 2006, resulting in the creation of Cairn India Ltd. The tribunal has a member each from Cairn and the Indian government as well as a neutral arbitrator.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-391534","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=391534"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391534\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=391534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=391534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=391534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}