article_snippet.sent: Kellogg's is the latest US owned multinational to be embroiled in the controversy over tax avoidance in Britain .
article_snippet.sent: Kellogg's is the latest US owned multinational to be embroiled in the controversy over tax avoidance in BritainBritain.
article_snippet.sent: Kellogg warned shareholders Kellogg profits could be hit by government moves to close tax loopholes.
article_snippet.sent: The latest figures show Kellogg’s effectively paid no corporation tax in Britain in 2013, as payments to HMRC by some of HMRC offshoots were wiped out by tax credits elsewhere.
article_snippet.sent: Kellogg’s has so far not faced criticism for Kellogg’s tax affairs in Britain, unlike Google, Amazon and Starbucks, which have come under fire for paying a minimal amount to the Exchequer despite huge sales here.
article_snippet.sent: But in Kellogg’s latest annual report the cereal-maker, whose worldwide sales last year hit £9.8billion, admitted ‘contemplated changes in the UK and other countries’ to ‘long established tax principles’ could have a ‘material impact’ on Kellogg’s business.
article_snippet.sent: Kellogg’s added VAT increases and other changes
article_snippet.sent: Kellogg’s also has six Luxembourg registered companies which collectively paid corporation tax of £210,000 on profits of about £57million – a rate of 0.37 per cent.
article_snippet.sent: But this £210,000 and the £8.4million were offset by an £11.8million tax credit at another UK-registered operation, Kellogg’s Kellogg’s said comments in Kellogg’s annual report are not related to Chancellor George Osborne’s ‘diverted profits tax’ – which aims to snare companies that shunt profits overseas with the main purpose of saving tax .
article_snippet.sent: A Kellogg’s spokesman declined to comment on whether Kellogg’s accepted Kellogg’s had in effect paid zero corporation tax in Britain, but said Kellogg’s is ‘a responsible taxpayer’.
article_snippet.sent: Kellogg’s said comments in its annual report its annual report are not related to Chancellor George Osborne’s ‘diverted profits tax’ – which aims to snare companies that shunt profits overseas with the main purpose of saving taxthe main purpose of saving tax.
article_snippet.sent: Richard Murphy, of Tax Research UK, said: ‘It looks as if Kellogg’s is trading in similar fashion to many of the better known tax avoiders.
highlights_snippet.sent: But latest figures show Kellogg’s effectively paid no corporation tax in UK in 2013 .
  