TaxCorporate TaxGerman fury over Vodafone tax plans

German fury over Vodafone tax plans

Vodafone, one of the world's largest mobile phone groups, has launched an attempt to offset a €50bn write down in the value of its German business against tax, which could cost the German authorities up to €20bn in tax.

Link: Vodafone exposure attacked

The BBC reports that German politicians have attacked the plan saying it forces tax payers to fund the record-breaking Mannesmann deal in 2000, which at $180bn, was the biggest in corporate history at the time.

A member of the German ruling Social Democrat party said it would do what it could to ‘prevent the company from doing it like this’.

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