Cairn ready to settle case under other retro tax scheme

Cairn Energy and most companies that have had tax disputes related to the controversial 2012 retroactive tax provision have approached the government to settle their cases under the proposed scheme. Vodafone is the only company that has not yet formally applied. The telecom operator has to make his application under a separate provision notified later … Read more

Government accepts Cairn’s offer on retro tax; The company will now withdraw the cases, refund to follow

Moving swiftly towards ending a retrospective tax dispute with a firm that gave India its largest oilfields, sources said, the government has accepted Cairn Energy Plc’s ventures to refund taxes. will allow. Meeting the requirements of the new law, which repeals retrospective taxation, the company earlier this month asked the Indian government to agree to … Read more

Cairn Energy to change name to Capricorn Energy

UK oil and gas explorer Cairn Energy plc will change its company name to Capricorn Energy plc from mid-December after a retrospective tax dispute of more than USD 1 billion is set to close. Cairn Energy, which gave India its biggest land oil discovery, sold its India unit, Cairn India, in 2011 to mining tycoon … Read more