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Vodafone in multi-million tax settlement: report

Vodafone Group (VOD.L) to pay tens of millions of units of the UK tax authorities and the Irish, "The Guardian" reported on Sunday as part of a settlement.
"The Guardian" reported accounts filed in Dublin, in 2009 tax returns Empress of Ireland HMRC (HMRC) and the UK telecommunications providers to resolve the dispute.
The overall size of the settlement were not disclosed, but it involves a tax Vodafone Irish government should have been recovered in the United Kingdom to pay 67 million euros ($ 89.33 million), "The Guardian" reported.
"Vodafone act itself fully comply with the law, and always operate under the policy, the tax authorities in all countries, we take full transparency," the company said in a statement responding article.
Vodafone has been criticized in recent years, activists, it says it does not have to pay any corporation tax in the UK for two years, the domestic market due to its difficult operating environment.
"The Guardian" said Vodafone with Vodafone Ireland Marketing Limited (VIML), Irish subsidiary operating companies around the world and joint ventures to receive royalties, the use of its brand.
"The Guardian" reported that a four-year period, collected during most countries, except Britain and Italy, these royalties, helping Vodafone sends worth over 100 million euros in dividends, Luxembourg's low tax jurisdiction from Dublin .
Vodafone said in a statement, addressing the UK HMRC transfer pricing arrangements between related group of some technical factors.
It should be noted that throughout the period covered by the Clearing House, the profits to be taxed VIML has Irish authorities, the tax rate is 25%, the UK mobile phone group said.
Between England and Ireland in accordance with the same income to avoid double taxation treaties previously paid by the Irish Government as part of Vodafone and the UK Treasury to pay to the tax included in the overall solution, the company added.
Vodafone said that this is, in its annual report and accounts are disclosed.



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