VODAFONE PAID £9.3 BILLION AS TAX

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One of the communications giant, Vodafone Group have contributed a total of
£9.3 billion in direct and indirect taxes to all
the economies of countries it operates in,
according to its country-by-country tax
declaration report for 2014/15 this paper reveal.
The amount is made up of £2.3 billion in
direct taxes to governments in countries of the
telecom firm’s operations, £1.3 billion in other
direct non-taxation-based fees and levies
payable to governments, and £5.7 billion in
indirect tax contributions to national
governments.
Updating its voluntary disclosure of the
Group’s taxation and total contribution to
public finances to include financial
information for the year ended 31 March,
2015, Vodafone, on Monday February 15, said
it made “significant contributions to all the
economies of the countries in which it
operate as a major investor, taxpayer,
employer and purchaser of local goods and
services”.
The report provides an updated overview of
the Group’s total contribution to public
finances in each of its countries of operation.
According to their report, in 2014/15, Vodafone
contributed £5.5 billion less in cash to public
finances in the Group’s countries of operation as
compared to £14.8 billion in 2013/14.
Vodafone said the overall reduction in its
contribution is mainly as a result of the sale of
the Group’s US interests during 2013/14. In
the UK, Vodafone paid £320 million in direct
taxes in 2014/15.
Vodafone is one of few telecommunications
companies worldwide that make a voluntary
contributions towards the development of the of a country its operate.

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