News Articles

Sunday, October 31, 2010

Vodafone stores forced to close by tax protests

A number of Vodafone UK stores were forced to close yesterday following protests against the company's recent tax deal with HMRC. The company's Oxford Street store in London was targeted on Wednesday, with other protests following across the UK this weekend.

Vodafone settled an outstanding tax bill with HM Revenue & Customs in the summer. They'd set aside over £2 billion for the bill, which related to the company's takeover of Mannesmann ten years ago, but ended up paying £1.25 billion. However, critics – including Private Eye magazine – said the correct figure should have been around £6 billion.

Vodafone and HMRC insist there was never an outstanding tax bill of £6 billion.

[More information: FT.com; SocialistWorker.co.uk; guardian.co.uk; BBC News]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Retailing, Networks and operators, NewsNumber of views: 7299

Tags: uk vodafone tax

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«January 2022»
MonTueWedThuFriSatSun
272829303112
3456789
10111213141516
17181920212223
24252627282930
31123456

Archive

Terms Of Use | Privacy Statement