CADBURY’S parent company paid just £271,000 in UK tax last year despite sales here of £1.7billion.
Mondelez UK, which makes the brand’s favourites such as Fudge, posted profits of just £35million for 2018, according to Companies House documents.
The sweet giant that owns Cadbury paid just £271,000 tax in the UK last year[/caption]
But the firm — which also owns Kenco and Oreo — handed over dividends of £200million to its parent firm in tax haven Switzerland.
Robert Palmer, of Tax Justice UK, said: “We need to end clever wheezes that companies like Cadbury’s can use to slash tax bills.”
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Harry Fone, of the TaxPayers’ Alliance, added: “Armies of lawyers and accountants for multinational companies are able to exploit loopholes to reduce tax bills.
“We need a simpler, more competitive system.”
Shadow Chancellor John McDonnell said: “Labour will make sure rich corporations pay their taxes.”
Labour’s John McDonnell vowed the party ‘will make sure rich corporations pay their taxes’[/caption]
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