Wednesday, September 04, 2013

Now Vodafone will avoid tax on £84bn windfall after it agrees to sell 45% stake in US mobile company Verizon Wireless http://www.davidicke.com/headlines/90130-now-vodafone-will-avoid-tax-on-p84bn-windfall-after-it-agrees-to-sell-45-stake-in-us-mobile-company-verizon-wireless 'Vodafone will avoid paying any UK tax on huge profits it will make after it sealed one of the largest corporate deals in history yesterday.But thousands of its shareholders will be hammered with a hefty bill on the windfall they will receive. The company is set to gain £84billion from selling its stake in US mobile phone company Verizon Wireless. But due to a loophole introduced under Labour, Vodafone cannot be forced to pay anything to HM Revenue and Customs.' Read more: Now Vodafone will avoid tax on £84bn windfall after it agrees to sell 45% stake in US mobile company Verizon Wireless Sent by gReader

No comments: