Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    BBC Business Editor Robert Peston said: "Possibly it would be wrong to carp and wring hands that Vodafone won't be paying a penny of tax to the British taxman on the tens of billions of pounds of profit it will make from the disposal.

    "Because if it had been obliged to pay very substantial tax on the sale, it would have turned down the offer from Verizon Communications - and a windfall for the British economy would have been lost."

    The Verizon stake was owned through the Dutch subsidiary- so any capital gains tax liability would be to the Netherlands. CGT rates in the Netherlands vary between 0 and 4% depending on the circumstances.

Report Post

 
end link