U.K. court rules for Vodafone in huge foreign tax case

07/7/2008 | Financial Times (free content)

Vodafone is off the hook over a British tax investigation that the telecom said could have cost the company $4 billion in taxes. In ordering the government to drop its case over Vodafone's 2001 tax return, the U.K. High Court ruled that Revenue & Customs could not charge U.K. corporation tax rates to a Luxembourg-based subsidiary.

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