Cadbury's American owners were under fire last night after it emerged they paid no UK corporation tax last year ¿ despite generating over £1.7billion in sales
Cadbury's American owners were under fire last night after it emerged they paid no UK corporation tax last year – despite generating over £1.7billion in sales


Cadbury's American owners were under fire last night after it emerged they paid no UK corporation tax last year – despite generating over £1.7billion in sales.

Parent company Mondelez UK made profits of £177million in 2015, which under the standard tax rate would be billed at £36million.

However accounts filed by the US giant – which controversially took over Cadbury's for £11.5billion six years ago – reveal it lawfully avoided any payment to HMRC last year.

Critics said it showed that large firms were still able to avoid paying tax while small companies are hammered. They called on the Government to clamp down on the tactics.
Mondelez avoided paying corporation tax in Britain thanks to a series of legal accounting techniques.

These included a combination of interest payments and a one-off £42million accounting gain from the sale of its coffee business, which was exempt from tax.

 

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