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Vodafone update shows increase in taxes paid
2013-12-18 12:33:00| Telecompaper Headlines
(Telecompaper) Vodafone published an update to its report on how much tax the mobile operator pays in each country where it operates. The company first published the breakdown in June, following criticism it was paying little to no corporate income taxes in some countries, including its home base, the UK. It has now updated the information for the year ended 31 March 2013. The report provides an updated overview of the group's total contribution to public finances in each of its countries of operation, including direct and indirect cash taxes paid as well as non-taxation-based government revenue contributions such as spectrum fees. The report shows that Vodafone's direct tax bill fell in many of its European markets, where its revenues have been declining, but increased in its emerging markets, notably places where it's growing quickly, such as Turkey, India and Tanzania. Non-tax payments to the public increased significantly during the year, due to spectrum acquisitions in markets such as the Netherlands and the UK. In total Vodafone said it paid GBP 4.24 billion in direct taxes in the 12 months, up from GBP 3.378 billion a year earlier. This includes income taxes as well as payroll taxes, customs duties and a wide range of local levies ranging from municipal fees to advertising and climate change taxes. Non-tax payments to governments, which include mainly spectrum, licence and revenue-sharing, rose to GBP 3.23 billion from GBP 1.87 billion.
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Category:Telecommunications
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