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Sunday, 7 November 2010

FTSE 100 executive pay rises 55%, survey says

http://www.bbc.co.uk/news/business-11649789

An interesting couple of days. Board room pay is up over 50%, there are rumours (denied) about a big company managing to wiggle out of a tax bill that would cover the recent cuts to the welfare bill.

Same old Tories


On Vodaphone:
The assessment related to so-called Controlled Foreign Companies (CFC) liabilities, which applies to firms that are controlled by UK residents but which pay tax on their earnings abroad at a lower rate.
However, an article in the Private Eye estimated the taxpayers' bill for the CFC liabilities and other arrangements "was likely to be at least £6bn" in lost tax.
According to the magazine, a former official familiar with the case described it as an "unbelievable cave-in" by HMRC.
"There is no question of Vodafone having an outstanding tax liability of £6bn. That number is an urban myth."

http://news.sky.com/skynews/Home/Business/Vodafone-Shop-Protest-Over-Unpaid-6bn-Tax-Bill-Oxford-Street-Store-Closed-By-Protesters/Article/201010415777604?lpos=Business_First_Home_Article_Teaser_Region_0&lid=ARTICLE_15777604_Vodafone_Shop_Protest_Over_Unpaid_%3F6bn_Tax_Bill%3A_Oxford_Street_Store_Closed_By_Protesters

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