Community | October 27, 2010 | 4 comments

"Protestors close down Vodafone flagship store on Oxford St over £6b 'tax dodge'."

source: http://www.guardian.co.uk/commentisfree/2010/oct/22/vodafone-tax-case-leaves-sour-taste

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Mcellie

http://www.guardian.co.uk/commentisfree/2010/oct/22/vodafone-tax-case...

The title of this post comes from a recent tweet by @AnnaAdamsBBC @chris_coltrane about how protesters have closed down a Vodafone store over taxes.

An article in the Guardian explains the dispute, which is over an accused 'tax dodge' when the HM Revenue & Customs apparently let go a tax issue with the company. Some figures say the tax would have been £1-6bn due to a large take over by Vodafone.

"The details of this case are complex. Not all, of course, are in the public domain. Whether or not £6bn of tax was in total owed or not will never really be known. But what seems much more likely is that Vodafone had expected to pay much more than the £1.2bn it will finally settle."-Guardian

This is not the only Tax dispute for Vodafone after it was given a deadline to pay $2.5bn of taxes in India, which the company denies is owed due to how the transfer took place with offshore accounts: http://current.com/technology/92741047_vodafone-given-2-5bn-indian-tax-bill-dead...

With the recent spending review cuts to public services and the the economic crisis, the Guardian opinion article is mainly about if corporation tax should be used to help shrink the UK's deficit.

"£1bn: Annual revenue raised from 2013 by scrapping child benefit where one householder earns over £44,000.
£2bn: Annual revenue given away from 2013 in corporation tax cut for companies earning over £350,000."-Private Eye

http://s3.amazonaws.com/twitpic/photos/full/183529328.jpg?AWSAccessKeyId=0ZRYP5X...
  1. groups:
    Community,   News and Politics
  2. tags:
    Protest,  Taxes,  Corporation,  Vodafone,  2 more
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4 comments // "Protestors close down Vodafone flagship store on Oxford St over £6b 'tax dodge'."

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