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Where are you calling from? best way to wean off plavix They also believe Vodafone can structure its deal so as to reduce tax to $5bn, significantly less than the $40bn that could be due. Under the terms of the deal, Vodafone would sell the US-registered company through which it owns Verizon shares and a number of its European assets to Verizon Communications. The European assets would then be sold back to Vodafone, minimising the tax bill.