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Cairn Energy starts $600m action against Indian government as tax...

2016-01-20 05:23:57| Energy - Topix.net

CAIRN Energy has said it wants $600 million damages from the Indian Government as a tax dispute drags on amid the crude price plunge while highlighting the progress it has made off Scotland and West Africa. The Edinburgh-based firm has started formal proceedings to get compensation for the sharp fall in the value of its remaining holding in the Cairn India business since the country's government launched a $1.6bn tax claim against it two years ago.

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