Press release: UK Uncut condemn Vodafone for paying no UK corporation tax in 2011


Press release: UK Uncut condemn Vodafone for paying no UK corporation tax in 2011

– Anti-cuts direct action group UK Uncut condemn new revelations that Vodafone paid no corporation tax in the UK in 2011.

– Vodafone have been previously targeted by protesters for avoiding a £6 billion tax bill in 2010.

– HMRC’s cosy relationship with big business is again in the spotlight as companies continue to avoid billions in tax at a time of unprecedented public spending cuts.

– HMRC will be in court on Wednesday as UK Uncut Legal Action seek a review of the tax office’s alleged decision to let Goldman Sachs off of up to £20 million in interest on an unpaid tax bill (1).

Spokespeople are available for interview: Tel: 07415063231 Email: ukuncut@gmail.com

UK Uncut today condemned revelations that Vodafone paid no corporation tax in the UK in 2011.

Vodafone is one of a growing number of major multi-national businesses based in the UK that pay little or no corporation tax despite making massive profits. For example, Vodafone’s UK profits last year actually increased from £1.2 billion to £1.3 billion.

While Vodafone paid no tax, its chief executive, Vittorio Colao, more than doubled his pay last year- from £6.6m to over £14m- including more than £12m in bonuses (2).

Sandra Hughes, 32, said: “There is an alternative to the government’s cuts- make big business pay their fair share of tax. The cuts are unjust and unnecessary and will hit the poorest and most vulnerable in our society the hardest. Mega-rich businesses must contribute more so that we can fund and keep open our libraries, hospitals and local services and provide welfare for all.”

Ben Garfit, 26, said: “The tax gap in the UK is an estimated £120bn, £25 billion of this down to tax avoidance by extremely wealthy individuals and big business, while the government is barely lifting a finger to stop it.”

Previous protests against the communications giant, since October 2010, resulted in Vodafone stores across the country being closed by members of the public, who blockaded and picketed its entrances to stop trading.

Those protests were sparked after the corporation reached a ‘settlement’ on a long standing tax dispute with HMRC in 2010, following the change in government. Experts believe the deal meant that Vodafone saved up to £6bn in tax (3).

ENDS

Notes:

1. http://ukuncutlegalaction.org.uk/

2. http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/9323280/Vodafone-in-controversy-over-its-tax-bill.html

3. http://www.thisismoney.co.uk/money/news/article-1704527/Taxman-let-Vodafone-off-6bn-bill.html