Kellogg pays no corporation tax as sales top €1.2bn

[barryqwalsh]

New accounts filed by Kellogg European Trading (KET) Ltd with the Companies Office show that it recorded a 27pc jump in operating profits, from €38.7m to €49.36m, in the 12 months to the end of January 2 last.

However, interest charges payable of €137.45m on loans from other group firms pushed the firm into the red to record losses of €75.5m.

http://m.independent.ie/business/ir...ax-in-ireland-as-sales-top-12bn-35142332.html

 

[barryqwalsh]

UK retailer Asda - owned by US giant Wal-Mart - funnelled £228.2m (€253.4m) of online grocery sales through its Irish unit last year.

The Irish subsidiary is used to process revenue from the sale of its groceries through all its online channels, including the Asda.com website, as well as phone and tablet applications.


http://m.independent.ie/business/ir...253m-of-online-sales-to-ireland-35142334.html

 

[WinterBorn]

And? Did they break any laws? Or did they take advantage of loopholes created by politicians?

In other words, do you expect someone to pay more taxes than they have to pay, just so they won't look bad? How many senior's retirement accounts have stocks from them or rely on them?

 

[Jomama]

Is there a revenue tax that is being avoided? Understanding the difference between Sales and Income is helpful.

Are you upset that the company lost money? The only outrage here is how little you understand these issues.

 

[EdwardBaiamonte]

Is there a revenue tax that is being avoided? Understanding the difference between Sales and Income is helpful.

Are you upset that the company lost money? The only outrage here is how little you understand these issues.

not to mention that we have the corporate tax only to pander to the pure ignorance of liberals who lack the IQ to understand that corporate tax costs, like all costs, are passed on to consumers in the form of higher prices.