Nepal Faces Arbitration Over Tax On Telecom Co. Sale
By Shayna Posses ( April 29, 2019, 6:53 PM EDT) -- A U.K.-based Axiata subsidiary has launched arbitration proceedings against Nepal over the government's insistence the unit owes 39.06 billion Nepalese rupees ($349.7 million) in capital gains tax for its purchase of Nepali telecommunications provider Ncell Private Ltd....
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