Article 642BD Revealed: world’s biggest meat firm appears to have avoided millions in UK tax

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

by
Tom Levitt, Margot Gibbs and Ludo Hekman
from Environment | The Guardian on (#642BD)

Exclusive: major supplier to brands including KFC and Nando's used offshore companies allowing them to reduce UK tax payments, investigation suggests

The global megacompanies supplying some of Britain's most popular meat brands, including KFC, Nando's chicken and Sainsbury's organic range, appear to have been using offshore companies that allow them to avoid paying millions of pounds in tax in the UK.

An investigation by the Guardian and Lighthouse Reports has found that two companies - Anglo Beef Processors UK and Pilgrim's Pride Corporation (owned by Brazilian beef giant JBS) - appear to have reduced their tax bill by structuring their companies and loans in a way that allows them to take advantage of different tax systems, in what one expert has described as aggressive tax avoidance".

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