Vodafone at it again or another case of selective reporting

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blizzard7  Oct. 17, 2011 at 17:03

Absolutely disgusting. Capitalism at its finest. I would produce a long rant but that's too much effort :{

matt101101 / MOD  Oct. 17, 2011 at 17:05

Vodafone aren't doing anything wrong. If you had billions would you be willing to pay 50% of it in tax? No, I didn't think so. I can't stand the "corporations are evil because they employ tax accountants", stand. If you could pay less tax, legally, would you? I'd guess so...we all would..

blizzard7  Oct. 17, 2011 at 17:12

If I had billions, I'd let the government tax the crap out of me and donate my profits left, right and centre. It's not going to be 50% tax either.

Heck, if this is true, each member of Vodafone store staff pays way more tax than this on their tiny earnings.

matt101101 / MOD  Oct. 17, 2011 at 17:24

Btw my original post wasn't aimed at you, I was still writing when you posted, it was just a general rant, I wasn't being rude to you :p.

You must be mad though :p, you'd let the govt. charge you full income tax on all that money, just so they could go and spend it on some waste of money scheme, whatever their latest good idea happened to be. The company I'm part of, doesn't pay anywhere near 40%, though it's all perfectly legal. Vodafone aren't being some big bad wolf here, they're just doing what's best for the welfare of their business, as all businesses do. Also, any profits made outside of the UK, as mentioned, aren't liable to UK tax regulations. Many businesses hold money abroad to avoid the extortionate UK tax system.

blizzard7  Oct. 17, 2011 at 17:26

The taxing system is bad in the UK absolutely, but I just don't agree with dodging taxes like this. You're doing business in the country, so you pay taxes in this country. Simple as that.

CTPAHHIK  Oct. 18, 2011 at 07:44

To me it looks like Vodafone paid £1,400 tax on profits of £3.5bn, but it's not their total profit. If they made say £8bn and only paid tax on £4.5bn with £3.5 going tax free does not look like a big deal to me. Was wondering if anyone knows the details.

matt101101 / MOD  Oct. 18, 2011 at 08:01

That's the point, I'd bet that this "article", is only half the story. There's no way a company as big as Vodafone would be able to get away with illegally dodging millions in tax, without somebody realising.

It doesn't look like a big deal to me either, people just don't realise that businesses pay FAR less tax than "normal", people do and it's all perfectly legal.


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