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

Editors Pick
PayPal has agreed to buy Xoom, a digital money transfer provider, for $890 million in cash. Following the announcement, Xoom shares jumped 22 percent in after-hours trade on the Nasdaq. Discount retailer Family Dollar Stores Inc., which is being acquired by rival Dollar Tree Inc., said Wednesday after the markets closed that its third quarter profit fell slightly from last year, due mainly to a higher effective tax rate. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations. Diplomatic ties have been restored, so Cuba will surely see an influx of massive cruise ships and curious Americans.
comments powered by Disqus
RELATED NEWS
Trade VOD now with 
Follow RTT