{"id":31732,"date":"2015-12-21T15:14:56","date_gmt":"2015-12-21T15:14:56","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=31732"},"modified":"2015-12-21T15:14:56","modified_gmt":"2015-12-21T15:14:56","slug":"vodafone-has-a-long-way-to-go-before-it-is-doing-country-by-country-reporting","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/12\/21\/vodafone-has-a-long-way-to-go-before-it-is-doing-country-by-country-reporting\/","title":{"rendered":"Vodafone has a long way to go before it is doing country-by-country reporting"},"content":{"rendered":"

Vodafone wrote a letter to the Independent on Sunday<\/a> on 13 December saying:<\/p>\n

Your article of 6 December (\u201cTiny new fines no threat for global firms\u201d) asserts that Vodafone has engaged in \u201cabuse\u201d in its tax affairs. I would like to make clear we reject this suggestion entirely. We do not artificially divert profits to reduce our tax liabilities or otherwise operate in a manner amounting to \u201cabuse\u201d. Furthermore, we already report our tax contribution on a country-by-country basis; we were the first telecoms company to do so.<\/p>\n

Nick Read
\nChief financial officer, Vodafone Group<\/p><\/blockquote>\n

Yesterday Christian Aid replied saying:<\/p>\n

\"Screen<\/a><\/p>\n

Matti Kohonen is right. Here's an extract from Vodafone's latest report<\/a>:<\/p>\n

\"Screen<\/a><\/p>\n

So we have all the usual tax paid nonsense from the PWC total tax reports disclosed in some detail. And the number of employees and investment. But almost all of it is meaningless for three reasons. These are that:<\/p>\n