Vodafone tax

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Hasn't Private Eye been highlighting the rather curious tax arrangements of vodaphone (or is it carphone warehouse??) for a long while?
 
Businesses are allowed to deduct costs from their tax bill.

This is quite sensible as it encourages investment into the company, essentially instead of paying £100 pounds to the tax man, they can put that £100 back into the business = business grows = more employment = more tax take overall from income tax etc.

The side effect of this policy is that a few companies take the **** a bit.

Hasn't Private Eye been highlighting the rather curious tax arrangements of vodaphone (or is it carphone warehouse??) for a long while?

Well IIRC the first 6 billion that private eye (and UK uncut etc) wined on about was a bit different.

http://www.forbes.com/sites/timwors...ne-and-the-6-billion-tax-bill-that-never-was/

This latest one seems to be a bit more iffy, as if they are doing as the article accuses them of, they are deducting international investment loans from national corporate tax, still legal, but hardly cricket.
 
It's not Vodafone who are taking the p#ss; it's the myriad of career civil servants in Whitehall and beyond - unsackable, well remunerated, hanging on long enough to get their CBE / MBE / whatever.
We wouldn't need half as much "tax take" if it weren't for supporting the "Civil Service".
 
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It's not Vodafone who are taking the p#ss; it's the myriad of career civil servants in Whitehall and beyond - unsackable, well remunerated, hanging on long enough to get their CBE / MBE / whatever.
We wouldn't need half as much "tax take" if it weren't for supporting the "Civil Service".
Does one detect a slight hijack :eek:
 
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