Looks like Liberty Global will be exempt from paying UK tax for at least 15 years
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Losses accumulated by Virgin Media after two decades of investment in the country's cable network mean the new company would be exempt from tax for at least 15 years. This is a company that over the last 20 years has invested billions in network infrastructure," said Espirito analyst Andrew Hogley. "This is a very different situation to a Starbucks or an Amazon, that is offshoring profits to avoid paying UK taxes."
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