Kraft – or just krafty?
Commenting on the furore swilling around regarding the revelations that companies like Starbucks, Amazon, Google and Facebook have paid just £30 million in Corporation Tax in the UK on sales of £3.1 billion over the last four years Roger said recently: “ I wrote to Kraft, who took over Cadbury’s, to ask how much Corporation Tax they had paid. As you can imagine they were extremely guarded over their figures and said that they paid Corporation Tax ‘based on the laws of the countries in which we operate including the UK’.
They also said ‘like most global businesses we pay most of our Corporation Tax in the countries where we have headquarters’. Kraft is not headquartered in the UK and, neither for that matter, was Cadbury’s who were headquartered in Switzerland and operated through numerous different companies based in all parts of the world.
what has been the benefit to Birmingham and the United Kingdom economy of the acquisition of Cadburys by Kraft?”
This article appeared in the December edition of Roger's newsletter 'Postcard from Parliament'