Kraft in reported tax-saving move

摘要

Kraft is reportedly aiming to avoid paying UK taxes by considering moving Cadbury's headquarters to Switzerland, according to UK media reports. Kraft is allegedly reorganising Cadbury's UK business to allow much of the profit to be booked in Switzerland. This means the company will pay a much lower rate of corporation tax. The Kraft restructuring plan involves inserting a Swiss holding company above Cadbury's UK operations.