tag:blogger.com,1999:blog-6153845628469776909.post7978191297171427892..comments2024-03-24T09:13:28.758+00:00Comments on The Plashing Vole: Operator? There's a problem with my line.The Plashing Volehttp://www.blogger.com/profile/13021407602157515927noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6153845628469776909.post-73264009221097421522012-06-20T07:32:55.578+01:002012-06-20T07:32:55.578+01:00Can we have a figure on Vodafone's 'very h...Can we have a figure on Vodafone's 'very high capital investment into the country's infastructure' - and details of what infrastructure was invested in? The country's infrastructure, remember, not Vodafone's network infrastructure, fromwhich it generates profit. And whom does Rolo Tomasi work for? It couldn't be Vodafone could it?Historian on the Edgehttps://www.blogger.com/profile/14069934072719158780noreply@blogger.comtag:blogger.com,1999:blog-6153845628469776909.post-7864985892571474842012-06-19T12:26:15.298+01:002012-06-19T12:26:15.298+01:00It's obviously not about generating paper loss...It's obviously not about generating paper losses as you are complaining the paper profits are too high compared with the tax.<br /><br />Do you have any proposals to change the taxation of capital expenditure?Rolo Tamasihttps://www.blogger.com/profile/12780549356275824765noreply@blogger.comtag:blogger.com,1999:blog-6153845628469776909.post-66544197900733663322012-06-18T23:36:34.380+01:002012-06-18T23:36:34.380+01:00Right. So it's not at all about shifting profi...Right. So it's not at all about shifting profits to Liechtenstein, and generating paper losses at all?The Plashing Volehttps://www.blogger.com/profile/13021407602157515927noreply@blogger.comtag:blogger.com,1999:blog-6153845628469776909.post-88305987672179511792012-06-18T16:49:29.995+01:002012-06-18T16:49:29.995+01:00The reason Vodafone paid no tax this year was main...The reason Vodafone paid no tax this year was mainly because of its very high capital investment into the country's infrastructure.<br /><br />Broadly, capital expenditure is offset against profit in a company’s taxation accounts in the year the cash is expended. However, in the published accounts capital expenditure is charged against profit over the life of the asset.<br /><br />There are very strong arguments supporting these different approaches for different purposes, which lead to the confusion of the author.<br /><br /><br />If the author wishes to change this fundamental taxation approach, he should make arguments as to what benefit his changes would bring.Rolo Tamasihttps://www.blogger.com/profile/12780549356275824765noreply@blogger.com