Revealed: world’s biggest meat firm appears to have avoided millions in UK tax

Last modified on Mon 26 Sep 2022 13.48 BST

These practices are not illegal, but they have proliferated over the past couple of decades as multinational companies and their accountants spot opportunities to reduce their tax bills. Many argue that complicated financial structures can allow some companies to avoid paying theirof tax. And that, they say, leads to falling income for national governments as taxpayers are forced to pick up the tab.

ABP UK appears to have transferred interest payments to another company in the ABP Food Group – Trojaan Investering BV – based in the Netherlands, according to Trojaan’s publicly available annual reports published by the Dutch Business Register. The report shows Trojaan took out interest-free loans from other group companies based in Ireland and Jersey.

“These companies get finance by 0% loans and they pay very little tax because they’re holdings companies and Luxembourg and the Netherlands apply special taxing rules to holding companies in order to attract business,” said Avi-Yonah, who is also a former consultant to the Organisation for Economic Co-operation and Development .

Large multi national co avoids paying tax. In other breaking news sun expected to rise in the east

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