The Tax Man or Woman is not calling---on Vodaphone

Vodafone paid no corporation tax in Britain last year | Business | The Guardian: "Vodafone, the world's second largest mobile phone company by revenue, paid no corporation tax in Britain last 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 – but generous tax breaks mean it was able to reduce its corporation tax bill to zero for the second consecutive year.

Vodafone's annual report, published on Friday, also showed the chief executive, Vittorio Colao, collected £11m in pay last financial year. The total included salary, fees, a cash bonus, stock options, cash paid in lieu of a contribution to the company pension scheme and £30,000 in benefits, such as private healthcare and car allowance.

Tough trading in southern Europe, which is bearing the brunt of the economic crisis in the eurozone andwhere Vodafone's businesses' operating profits have contracted by 28%, meant Colao missed some of his performance targets and will take home less than the £15.7m he earned in 2011-12."

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