Our commitment to transparent reporting
Vodafone has long demonstrated its commitment to transparency through the publication of our tax code of conduct, tax risk management strategy and our annual transparency report: Tax and our Total Economic Contribution.
Our tax contributions to governments are reported on an actual cash paid basis for each local market as, in our view, these are among the most meaningful and transparent metrics to consider when assessing a company’s tangible role in helping to fund public services.
The data we provide is intended to provide an insight into Vodafone’s significant economic contribution to the societies in which we operate. We offer no view on the merits of direct versus indirect taxation, nor on the distinction between the revenues that flow to governments from taxation versus those obtained through other means, such as spectrum fees. Governments – not companies – determine the rules.
We continue to welcome initiatives to increase transparency in this critically important area of public policy, and support measures to eliminate artificial profit shifting and unfair tax competition.