Vodafone pays no Corporation Tax again

thebennyboy · 07-06-2013, 18:54

It appears that Vodafone has once again paid no UK corporation tax. The BBC says that Vodafone paid no coproration tax in 2012.

A link to the article: http://www.bbc.co.uk/news/business-22817704

What does everyone think about Vodafone's latest tax affairs?

enapace · 07-06-2013, 18:56

Quote:

Originally Posted by thebennyboy

It appears that Vodafone has once again paid no UK corporation tax. The BBC says that Vodafone paid no coproration tax in 2012.

A link to the article: http://www.bbc.co.uk/news/business-22817704

What does everyone think about Vodafone's latest tax affairs?

Not to bad many companies pay hardly any, and honestly aren't most of Vodafone's profits due to there 45% stake in Verizon Wireless anyway which is an American not British company. Many companies get away with paying little or no corporate tax and until the system changes it will continue like it does now. I care more about if they can revolutionize there network updating both current hardware and bringing in new hardware to deliver a good solid 3G/4G coverage which they have the spectrum and money to do.

The Lord Lucan · 07-06-2013, 19:25

Plus.. they just sunk much of that profit into buying spectrum.

Everything Goes · 07-06-2013, 19:32

Great news for Shareholders time pop some Bollinger Champagne

Im sure the Inland revenue will come to some cosy cut price deal with them as usual

Still at least Ofcom got some money out of them for 4G spectrum

enapace · 07-06-2013, 19:36

Quote:

Originally Posted by The Lord Lucan

Plus.. they just sunk much of that profit into buying spectrum.

Very true I should of mentioned that. I think Vodafone is at a cross road either will succeed very well or will fail spectacularly and waste millions.

interactiv-uk · 07-06-2013, 20:15

Quote:

Originally Posted by enapace

Very true I should of mentioned that. I think Vodafone is at a cross road either will succeed very well or will fail spectacularly and waste millions.

Just owning the spectrum is no guarantee.. Don't forget they also have the biggest chunk of 3G spectrum but have the lowest level of 3G coverage!

konebyvax · 07-06-2013, 20:30

Quote:

Originally Posted by The Lord Lucan

Plus.. they just sunk much of that profit into buying spectrum.

An investment which they clearly will be looking to get back from their customers, of course, so i genuinely don't think this is in any way an excuse for what they do. It reminds me of the situation with npower who also paid little/no corporation tax due to them investing massively in green energy (again, an investment which they will look to get back from their ordinary, tax paying customers). The whole thing just makes a mockery of the tax system imo.

flagpole · 07-06-2013, 20:36

I think if we want them to pay more tax we should change the law to make them.

wilt · 07-06-2013, 20:38

Quote:

Originally Posted by flagpole

I think if we want them to pay more tax we should change the law to make them.

This, this and this again.

Iphigenia · 07-06-2013, 20:56

Unless they were asked to pay tax and refused, I have no issue. As others say, change the law, don't blame the companies that operate within it.

The Lord Lucan · 08-06-2013, 01:11

Don't blame a company from LEGALLY finding a way to save cash... Blame the Govt for not being on the ball.

finbaar · 08-06-2013, 06:45

I agree with all the final points.

I find it particularly galling when a commons select committee drags in a company executive and berates them for following the tax law. It is the politicians that are at fault. The EU or G8 or whichever group could set up international treaties backed up with national laws to stop this. But it is hard so they would rather deflect the blame.

enapace · 08-06-2013, 07:53

Quote:

Originally Posted by interactiv-uk

Just owning the spectrum is no guarantee.. Don't forget they also have the biggest chunk of 3G spectrum but have the lowest level of 3G coverage!

True they do now but they didn't up until last year Three and Vodafone had the biggest for years then EE over took and now it back to Vodafone at top and O2 second. But I see your point Vodafone is probably has the best spectrum of any network at the moment. With a mix of 800,900, 2100,2600. It needs to just shell out the money to get it properly rolled out and it looks like they are willing to do that. It will be interesting to see next year how it works out for them.

Sniffle774 · 08-06-2013, 15:40

Quote:

Originally Posted by Iphigenia

Unless they were asked to pay tax and refused, I have no issue. As others say, change the law, don't blame the companies that operate within it.

Quote:

Originally Posted by The Lord Lucan

Don't blame a company from LEGALLY finding a way to save cash... Blame the Govt for not being on the ball.

Basically....this.

danielmeah · 08-06-2013, 19:33

you carnt blame vodafone, they are playing the system. its the politicians who should deal with this.

alanwarwic · 08-06-2013, 23:07

You had politicians previously saying that we should incentivise the rich by lowering their taxes.
They say this would lead to them paying more tax.

Obviously when this happens to go to zero they will then generously send the exchequer a cheque for £1

alan1302 · 08-06-2013, 23:43

Quote:

Originally Posted by alanwarwic

You had politicians previously saying that we should incentivise the rich by lowering their taxes.
They say this would lead to them paying more tax.

Obviously when this happens to go to zero they will then generously send the exchequer a cheque for £1

It does help convince a country to stay in the country and employ people here though. I'd rather Vodafone paid no tax but employed 1,000s of people than paid some tax and didn't employ anyone

alanwarwic · 08-06-2013, 23:56

Quote:

Originally Posted by alan1302

I'd rather Vodafone paid no tax but employed 1,000s of people than paid some tax and didn't employ anyone

Yes, I defended Starbucks, but only on a relative basis.

It is impossible to defend that race to the bottom though at least they do have plenty of bricks and mortar jobs.

07-06-2013, 18:54	#1
thebennyboy Forum Member Join Date: Dec 2012 Location: North Wales Posts: 325	Vodafone pays no Corporation Tax again It appears that Vodafone has once again paid no UK corporation tax. The BBC says that Vodafone paid no coproration tax in 2012. A link to the article: http://www.bbc.co.uk/news/business-22817704 What does everyone think about Vodafone's latest tax affairs?

07-06-2013, 18:56	#2
enapace Forum Member Join Date: Mar 2013 Posts: 4,249	Quote: Originally Posted by thebennyboy It appears that Vodafone has once again paid no UK corporation tax. The BBC says that Vodafone paid no coproration tax in 2012. A link to the article: http://www.bbc.co.uk/news/business-22817704 What does everyone think about Vodafone's latest tax affairs? Not to bad many companies pay hardly any, and honestly aren't most of Vodafone's profits due to there 45% stake in Verizon Wireless anyway which is an American not British company. Many companies get away with paying little or no corporate tax and until the system changes it will continue like it does now. I care more about if they can revolutionize there network updating both current hardware and bringing in new hardware to deliver a good solid 3G/4G coverage which they have the spectrum and money to do.

07-06-2013, 19:25	#3
The Lord Lucan Forum Member Join Date: Apr 2005 Location: Scotland Posts: 4,966	Plus.. they just sunk much of that profit into buying spectrum.

07-06-2013, 19:32	#4
Everything Goes Forum Member Join Date: Mar 2002 Location: In the future.... Posts: 11,259	Great news for Shareholders time pop some Bollinger Champagne Im sure the Inland revenue will come to some cosy cut price deal with them as usual Still at least Ofcom got some money out of them for 4G spectrum

07-06-2013, 19:36	#5
enapace Forum Member Join Date: Mar 2013 Posts: 4,249	Quote: Originally Posted by The Lord Lucan Plus.. they just sunk much of that profit into buying spectrum. Very true I should of mentioned that. I think Vodafone is at a cross road either will succeed very well or will fail spectacularly and waste millions.

07-06-2013, 20:15	#6
interactiv-uk Forum Member Join Date: Jan 2007 Posts: 587	Quote: Originally Posted by enapace Very true I should of mentioned that. I think Vodafone is at a cross road either will succeed very well or will fail spectacularly and waste millions. Just owning the spectrum is no guarantee.. Don't forget they also have the biggest chunk of 3G spectrum but have the lowest level of 3G coverage!

07-06-2013, 20:30	#7
konebyvax Forum Member Join Date: Feb 2011 Location: Ignoringtrollsville Posts: 7,875	Quote: Originally Posted by The Lord Lucan Plus.. they just sunk much of that profit into buying spectrum. An investment which they clearly will be looking to get back from their customers, of course, so i genuinely don't think this is in any way an excuse for what they do. It reminds me of the situation with npower who also paid little/no corporation tax due to them investing massively in green energy (again, an investment which they will look to get back from their ordinary, tax paying customers). The whole thing just makes a mockery of the tax system imo.

07-06-2013, 20:36	#8
flagpole Inactive Member Join Date: Jan 2003 Posts: 43,524	I think if we want them to pay more tax we should change the law to make them.

07-06-2013, 20:38	#9
wilt Forum Member Join Date: Oct 2004 Location: Potterspury Posts: 930	Quote: Originally Posted by flagpole I think if we want them to pay more tax we should change the law to make them. This, this and this again.

07-06-2013, 20:56	#10
Iphigenia Forum Member Join Date: Jun 2009 Posts: 7,935	Unless they were asked to pay tax and refused, I have no issue. As others say, change the law, don't blame the companies that operate within it.

08-06-2013, 01:11	#11
The Lord Lucan Forum Member Join Date: Apr 2005 Location: Scotland Posts: 4,966	Don't blame a company from LEGALLY finding a way to save cash... Blame the Govt for not being on the ball.

08-06-2013, 06:45	#12
finbaar Forum Member Join Date: Nov 2009 Posts: 3,921	I agree with all the final points. I find it particularly galling when a commons select committee drags in a company executive and berates them for following the tax law. It is the politicians that are at fault. The EU or G8 or whichever group could set up international treaties backed up with national laws to stop this. But it is hard so they would rather deflect the blame.

08-06-2013, 07:53	#13
enapace Forum Member Join Date: Mar 2013 Posts: 4,249	Quote: Originally Posted by interactiv-uk Just owning the spectrum is no guarantee.. Don't forget they also have the biggest chunk of 3G spectrum but have the lowest level of 3G coverage! True they do now but they didn't up until last year Three and Vodafone had the biggest for years then EE over took and now it back to Vodafone at top and O2 second. But I see your point Vodafone is probably has the best spectrum of any network at the moment. With a mix of 800,900, 2100,2600. It needs to just shell out the money to get it properly rolled out and it looks like they are willing to do that. It will be interesting to see next year how it works out for them.

08-06-2013, 15:40	#14
Sniffle774 Forum Member Join Date: Sep 2007 Location: Planet Mongo. Posts: 19,548	Quote: Originally Posted by Iphigenia Unless they were asked to pay tax and refused, I have no issue. As others say, change the law, don't blame the companies that operate within it. Quote: Originally Posted by The Lord Lucan Don't blame a company from LEGALLY finding a way to save cash... Blame the Govt for not being on the ball. Basically....this.

08-06-2013, 19:33	#15
danielmeah Forum Member Join Date: Jul 2012 Location: Liverpool(L15)l, UK Posts: 458	you carnt blame vodafone, they are playing the system. its the politicians who should deal with this.

08-06-2013, 23:07	#16
alanwarwic Forum Member Join Date: Oct 2003 Location: the wild world web Posts: 28,132	You had politicians previously saying that we should incentivise the rich by lowering their taxes. They say this would lead to them paying more tax. Obviously when this happens to go to zero they will then generously send the exchequer a cheque for £1

08-06-2013, 23:43	#17
alan1302 Forum Member Join Date: Jul 2008 Location: West Yorks Posts: 6,180	Quote: Originally Posted by alanwarwic You had politicians previously saying that we should incentivise the rich by lowering their taxes. They say this would lead to them paying more tax. Obviously when this happens to go to zero they will then generously send the exchequer a cheque for £1 It does help convince a country to stay in the country and employ people here though. I'd rather Vodafone paid no tax but employed 1,000s of people than paid some tax and didn't employ anyone

08-06-2013, 23:56	#18
alanwarwic Forum Member Join Date: Oct 2003 Location: the wild world web Posts: 28,132	Quote: Originally Posted by alan1302 I'd rather Vodafone paid no tax but employed 1,000s of people than paid some tax and didn't employ anyone Yes, I defended Starbucks, but only on a relative basis. It is impossible to defend that race to the bottom though at least they do have plenty of bricks and mortar jobs.

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Vodafone pays no Corporation Tax again