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General

Vodafone to audit alleged tax fraud at Ono

Monday 27 October 2014 | 10:30 CET | News
Vodafone has launched an investigation into possible tax fraud at Ono, the Spanish broadband provider it acquired earlier this year for EUR 7.2 billion. According to a report in Spanish daily El Pais, Vodafone is looking into value-added tax declarations that Ono allegedly failed to make prior to the acquisition. The Spanish operator is said to have failed to declare value-added tax at a division with revenues of more than EUR 200 million from the sale of international calling minutes. "As soon as Vodafone became aware of the issue we instigated a forensic audit to investigate the facts

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Categories: General
Companies: Ono / Vodafone
Countries: Spain
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