Unite regional officer Joe Clarke said: “The case for chancellor George Osborne closing the net on corporate tax avoidance is further reinforced with reports that Cadbury’s owner, Mondelez International, did not pay UK corporation tax last year.”
Unite, the country’s largest union, unsuccessfully campaigned against the takeover of Cadbury in 2010 by Kraft Foods that has now transmuted into Mondelez.
Joe Clarke continued: “Nifty footwork by clever accountants meant that the treasury was denied millions of pounds in corporation tax that could have been spent on the NHS and other much-needed public services.
“Once again, George Osborne is turning a blind eye to the accounting machinations of big powerful multi-nationals, but turning the screw on those that those struggling financially in the form of welfare cuts that may have been postponed in the recent comprehensive spending review, but will be coming down the track eventually.
“The case for a closing the net on the legal means for corporate tax avoidance is further reinforced by the Mondelez revelations.
“While the exchequer is denied its due from Mondelez, shareholders are feasting on dividend payments of £1.3 billion.”
Cadbury UK made profits of £96.5 million in 2014.
Notes to editors:
For more information please contact Unite regional officer Joe Clarke on 07979517572 and/or Unite senior communications officer Shaun Noble in the Unite press office on 020 3371 2060 or 07768 693940.
- Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.