Tuesday 15 May 2012

Taxing

This from the prominent left wing blog Political Scrapbook:

(PS emphasis)
Vodafone’s top lawyer in India has quit after being tangled up in a four-year long tax evasion scandal. The row has seen the Indian government bullied by its biggest foreign corporate investor — but officials are not giving up on extracting $2.6bn from the company.
One suspects that Political Scrapbook needs to learn the difference between tax avoidance and tax evasion, or perhaps the loose interchange of the terms in the same article is deliberate...?

3 comments:

  1. This sort of article p!sses me off royally. Apart from the usual deliberate evasion/avoidance confusion, its the very facts that are mangled too. It's not tax avoidance when you take your case to court and win!!! The Supreme Court of India agreed with Vodafone, and found in its favour. How is obeying the law somehow morally reprehensible nowadays?

    I suppose the people who write this guff would accept anything that HMRC send to them? Nice big tax demand? Pay straight up, no questions asked of course! After all when has the tax man ever made a mistake?

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  2. @Sobers It was a complete mangle I agree. I had to go and look up the case elsewhere to try to work out what was going on.

    But such things are just mere detail to PS - big corporations? Boo. People paying lots and lots of tax? Hurray

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  3. Couldn't have happened to a nicer country. What are they going to do when they lose the BT contract?

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