Posted by Hari on Tuesday, June 18, 2013 with No comments | Labels: banks, budget cuts, HMRC, protests, regulation, taxation, UK Uncut
Cameron and Obama hope nobody notices if it all just fades away...
SOURCE GUARDIAN: Vodafone paid no corporation tax in Britain last year
Generous tax breaks mean the UK’s second largest mobile phone company reduced its tax bill to zero for the second consecutive year. The blue chip company has distributed £4.8bn in cash dividends to shareholders in the last 12 months – more than any other British business. CEO, Vittorio Colao, collected £11m in pay last financial year, down from the £15.7m he earned the year before. The drop in his pay is due to revenue targets missed in recession hit Europe.
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