Vodafone Dodges £1 Billion In UK TaxesVW Staff
Vodafone Group plc (LON:VOD) is facing condemnation today after a Reuters report revealed the company had failed to pay around £1 billion in taxes in the United Kingdom in the last decade. The telecommunications giant has taken tax credits instead.
Vodafone have managed to collect the tax credits by paying off interest on loans from withing the Vodafone Group. Interest payments are tax deductible in the United Kingdom, and so the company has managed to avoid tax by paying money to itself.
Those credits mean the . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible