Vodafone and the Tax Dodging Scam

Vodafone has not paid a single penny in taxes since 2011, despite making a post-tax profit of £59.4 billion last year. Vodafone recorded this huge profit because it funnelled its revenues to Luxembourg -- despite having virtually no presence in the country.

While Vodafone is happy to take money from the pockets of people in the UK, it doesn't want to give anything back to the communities that keep it in business. Vodafone openly admits on its own website that it actively avoids paying tax so it can line the pockets of its shareholders.  So I guess that it should be given points for honesty, even if it is being honest about being dishonest.  Hang on isn't that a contradiction in terms?  Rather like the oxymoron 'an honest politician'?

In India too, Vodafone have sought to avoid a further £1.6bn tax bill. However, the Indian authorities, unlike the British, have successfully pursued Vodafone for the money, forcing it to pay up.

Companies like Vodafone are crippling the UK’s social housing sector. Without corporations paying taxes, the government cannot afford to build much needed social housing. The amount of tax Vodafone owes the British government could pay for thousands of new homes.  Not to mention shoring up the failing NHS.

 

Vodafone’s AGM is coming up in six weeks. It's time to show Vodafone that customers will no longer stand for the injustices that let multi-billion pound companies get away with anything, while ordinary people are left to pick up the pieces of a destroyed housing market.    Here's the link if you want to add your voice to the chorus of protest.

Vodafone: It’s time to pay your fair share. Stop avoiding taxes by moving your operations to tax haven Luxembourg.