Kellogg’s Profits Warning and Tax – No Representation without Taxation?

Kellogg’s has given a profits warning to shareholders about having to pay tax. Like so many big US companies making big UK sales it makes small UK profits. Despite large sales to UK customers, of UK goods or services, for UK money, received in the UK, somehow after the involvement of companies in Ireland and Luxembourg it, it all ends as a small UK profit, so very little UK tax. All perfectly legal, one presumes. The UK electorate then pay higher taxes and/or suffer more austerity to make up the shortfall. Meanwhile US companies trading in the UK have their interests very well represented with the UK government (of whatever party). Whatever happened to “no representation without taxation?“

Eamon McNicholas
Tax Barrister, Accountant
http://www.EamonMcNicholas.com

About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
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