Cable Forum - Liberty Global's tax manoeuvres

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steveh

11-11-2014 13:06

Liberty Global's tax manoeuvres

Some background from Bloomberg on the Virgin Media acquisition and how it enabled Liberty Global and chairman John Malone to save a whole heap of tax by not bringing cash back to the USA.

http://www.bloomberg.com/news/2014-1...ess-shift.html

Ignitionnet

12-11-2014 07:19

Re: Liberty Global's tax manoeuvres

A lot of the very wealthy didn't get that way without some chicanery and don't stay that way by paying more tax than they absolutely have to.

Business decision - spend £1 million on accountants to save £100 million in taxes. From the purely financial perspective a no brainer.

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