Quote of the day: fracking tax positions

From David Quentin’s Tax and Law blog, just mentioned in our Links:

Vodafone’s 2013 “Tax Risk Management Strategy” paper, for example, concedes in its small print that Vodafone happily adopts filing positions which “will not meet the more-likely-than-not standard but would still be tenable”.

If the mining of tax risk may be understood in extractive terms, a policy of habitually adopting merely “tenable” filing positions is about as sustainable and responsible as fracking.

Well said. And the whole post is well worth reading.