Friday, 15 December 2017

Friday Review: Top brass on tax

By Nick Wood, Total Telecom
Friday 24 May 13

As U.S. and Europe tackle tax loopholes, Vodafone CEO turns his attention to India.

Let's not fool ourselves: no matter how much money we earn, nobody likes paying tax, and there's a part of all of us that wishes we could get away with forking over a little bit less, freeing up cash to spend on the more important things in life, like chocolate and fireworks. Also, if you can afford to, there are some lovely, warm tax havens you can go and live in, like the Bahamas, Monaco, the Seychelles, Luxembourg... OK, maybe not that last one, but you get the idea. Of course, the dream comes tumbling down when those who can seemingly afford to pay the most go to considerable time, effort and expense to pay as little as possible...and then are publicly hauled over the coals about it. When that happens, paying tax suddenly becomes a badge of honour for us poor suckers who can't afford imaginative accountants. This contentious issue reached new heights this week when the U…

Let's not fool ourselves: no matter how much money we earn, nobody likes paying tax, and there's a part of all of us that wishes we could get away with forking over a little bit less, freeing up cash to spend on the more important things in life, like chocolate and fireworks. Also, if you can afford to, there are some lovely, warm tax havens you can go and live in, like the Bahamas, Monaco, the Seychelles, Luxembourg... OK, maybe not that last one, but you get the idea. Of course, the dream comes tumbling down when those who can seemingly afford to pay the most go to considerable time, effort and expense to pay as little as possible...and then are publicly hauled over the coals about it. When that happens, paying tax suddenly becomes a badge of honour for us poor suckers who can't afford imaginative accountants. This contentious issue reached new heights this week when the U…

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