MrHairyman
New member
This is from Johaan Hari in The Indepdendent Oct 29th
For years now, Vodafone has been claiming that a major chunk of its business should not be subject to British taxes - that could run to billions of pounds - because the deal was routed through a company in ultra low tax Luxembourg. The company – which has doubled its profits during this recession – engaged in all kinds of accounting twists and turns; they looked set to pay a sum Private Eye calculates to be more than £6bn.
Then, suddenly, the exchequer – run by George Osborne – cancelled almost all of the outstanding tax bill, in a move a senior figure in Revenues and Customs says is “an unbelievable cave-in.” A few days after the decision, Osborne was promoting Vodafone on a tax-payer funded trip to India. He then appointed Andy Halford, the finance director of Vodafone, to the government’s Advisory Board on Business Tax Rates, apparently because he thinks this is a model of how the Tories think it should be done.
http://www.ukuncut.org.uk/ if you, like me want to start registering your displeasure.
For years now, Vodafone has been claiming that a major chunk of its business should not be subject to British taxes - that could run to billions of pounds - because the deal was routed through a company in ultra low tax Luxembourg. The company – which has doubled its profits during this recession – engaged in all kinds of accounting twists and turns; they looked set to pay a sum Private Eye calculates to be more than £6bn.
Then, suddenly, the exchequer – run by George Osborne – cancelled almost all of the outstanding tax bill, in a move a senior figure in Revenues and Customs says is “an unbelievable cave-in.” A few days after the decision, Osborne was promoting Vodafone on a tax-payer funded trip to India. He then appointed Andy Halford, the finance director of Vodafone, to the government’s Advisory Board on Business Tax Rates, apparently because he thinks this is a model of how the Tories think it should be done.
http://www.ukuncut.org.uk/ if you, like me want to start registering your displeasure.