UK Uncut Unravelled (web publication)

How the 'grassroots' movement has got it totally wrong

Executive Summary:

  • UK Uncut’s campaign against companies that are supposedly not paying sufficient tax is wholly misconceived.
  • UK Uncut has attacked Vodafone for not paying £6 billion of tax on the profits made by its German operations. However, it is not – and never can be – a principle of tax law that a company should pay both UK tax and German tax on the activities of the German parts of the business. At issue is a much smaller amount of tax for which the company might be liable representing the difference between the UK and German tax that is due on profits made in Germany. This is a hotly debated area of tax law and European law and HMRC and the company have reached a compromise.
  • No developed country could develop a corporate