MPs last night demanded Vodafone to ‘do the right thing’ and pay its ‘fair share’.
Margaret Hodge, chairman of the Public Accounts Committee, who has led a probe into the tax affairs of Google, Starbucks and Amazon, said: ‘I don’t understand how anyone can justify such a massive windfall without handing any of it to the Exchequer.
‘If this is an instance in which Vodafone has simply played the system then clearly they themselves have an obligation to UK consumers, on whom they depend for their business, to do the right thing.’
They’re following the laws you voted for you cow.
Quite apart from the way that this has nothing at all to do with UK consumers (they’re selling their US company, get that?) the specific and particular law here is the 2009 Corporation Tax bill. Under G. Brown’s government, with Alistair Darling as Chancellor, you were a minister in that Government and you voted for it.
It is this which allows the money in the Dutch company to be paid as a dividend to the UK company and then passed through to shareholders without the company (although the shareholders will still get stung) paying tax.
And if there wasn’t that Dutch company in the way? If the shares were just held directly by the UK PLC? Then no tax would be payable by the company under the 2002 Finance Act. Which you also voted for. And you were a minister in the government that proposed said act.
Please, don’t be a scumbag hypocrite all your life.