So Vodafone are at it again, that is, not paying their taxes.
According to Robert Peston, the BBC's business correspondent in: "one of the biggest deals in corporate history", Vodafone have just made themselves and their shareholders the rather tidy sum of £84 billion.
However due to the way the company is structured they will not be paying the UK government any tax revenue. This all quite legal. They are selling their 45% stake in Verizon wireless to the US telecoms group Verizon Communications. The US business is owned by a Dutch holding company. They will be paying $5 billion in tax to the US government.
So worldwide, Vodafone's shareholders are set to receive £54 billion. In the UK dividends will be to the tune of £22 billion. The shareholders will however be expected to pay tax on their dividends
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