James Moore: CWW deal could prove taxing for Vodafone
Outlook Sighs of relief all round at Cable & Wireless Worldwide (CWW).
The embattled telecoms business wobbled after Indian conglomerate Tata pulled its bid. But Vodafone is still in the game so executives from both sides will be spending their weekend working as they try to get the thing done and dusted by a new deadline of noon on Monday.
To a lot of observers the deal makes sense for Vodafone because CWW has lots of bits and pieces it doesn't have. To a lot of cynics the deal makes sense because CWW has racked up billions of pounds in losses so could provide a big tax benefit.
Vodafone has been trying to dampen down the debate over tax by saying it pays more than you might think. It wants to be seen as cuddly, which is perhaps why it is using Yoda, the Star Wars character, for its latest ads.
It will need all the Jedi master's powers if it is to quell a storm on Monday if it does buy CWW and realises those tax breaks.
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 'Help me I'm trapped in a factory' messages keep being found on bottles of vitamin water
- 3 Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
- 4 Wimbledon 2015: Dustin Brown knocks Rafael Nadal out of the championship
- 5 Primark and Penny's heir Barry Ryan drowns trying to save his 21-year-old son
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Russell Brand condemns moment of silence for Tunisia attack victims as a 'minute of bulls**t'
Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
Worker killed by robot at Volkswagen car factory
BP hit with record $18.7 billion fine over Deepwater Horizon Gulf oil spill
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...