Tuesday, 30 April 2019

Tobacco firm BAT ‘costs developing countries $700m in tax’

Campaigners say company uses ‘financial manoeuvring’ to shift profits to tax havens

British American Tobacco has been accused of depriving developing countries of hundreds of millions of dollars in tax by using “financial manoeuvring” to shift profits to a UK subsidiary.

The Tax Justice Network estimated that London-based BAT, the world’s largest tobacco company, would avoid paying $700m (£540m) between now and 2030 in Bangladesh, Indonesia, Kenya, Guyana, Brazil, and Trinidad and Tobago.

Continue reading...

from World news | The Guardian http://bit.ly/2VGZTOZ

No comments:

Post a Comment

IDF says it killed Hamas commander in cafe strike that killed dozens of civilians

After Monday's attack, family members told the BBC of their shock at the scale of civilian casualties. from BBC News https://ift.tt/Hx...