logo
Share SHARE
FONT-SIZE Plus   Neg

Vodafone Reportedly Eyes £1 Bln Tax Relief In Cable & Wireless Worldwide Deal

Vodafone Group Plc (VOD) may save £1 billion in taxes if its bid for Cable & Wireless Worldwide Plc (CW.L) succeeds, the Sunday Times reported.

Vodafone may reduce its tax bill by this amount because Cable & Wireless has posted £5.2 billion in capital losses, the report said. The savings would cover most of the cost of the potential acquisition, the report stated.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

25 Articles
Editors Pick
Shares of social network company Twitter Inc. (TWTR), jumped over 5 percent on Wednesday, after one of its cofounders Ev Williams dropped a hint during a television interview about the company's sale. Ev Williams, a Twitter cofounder and board member, was asked by Bloomberg TV about the company's... Mazda Motor Corp. (MZDAF.PK) is recalling over 190,000 CX-7 sport utility vehicles to fix a issue that could lead to loss of steering control. The recall involves CX-7 models from 2007 through 2012 manufactured between February 14, 2006 to May 9, 2012. The company said there have been no reports of... Over 68 million email address and passwords of Dropbox users were stolen by hackers, according to a report from Motherboard. Although, the account details were stolen during a previously disclosed breach that took place in 2012, the magnitude of the attack has come to light only now. Following...
comments powered by Disqus
Follow RTT