Cadbury's Non-Payment Of Tax On UK Profits

EDM number 832 in 2015-16, proposed by Roger Godsiff on 08/12/2015.
Categorised under the topics of Companies and Taxation.

That this House notes with great concern that Mondelez, the company which owns chocolate company Cadbury, paid no UK corporation tax on its 2014 profits of £96.5 million; condemns Mondelez's decision to avoid paying taxes in the UK by offsetting its tax liability against interest payments due on a bond on the Channel Islands stock exchange; believes that this blatant avoidance of UK taxes by a company which is operating and making a profit in the UK is utterly wrong, and should not be permitted; further notes that although the company makes various claims about Cadbury's economic benefit to the UK, this in no way exempts it from paying taxes due on profits made in the UK; observes that Cadbury benefits from UK infrastructure, including the education, health and transport services which are used by its employees; further observes that these essential services are paid by the UK taxpayer, and companies which fail to pay their fair share of UK corporation tax are essentially robbing the taxpayer; calls on the Chancellor of the Exchequer to implement as soon as possible a system in which multinational companies are taxed on their consolidated global profits, based on the proportion of sales which are made in the UK; condemns this irresponsible corporate tax evasion by Mondelez and urges it to pay its fair share; and supports and encourages UK consumers who choose to boycott Cadbury until it pays its UK taxes in full.

This motion has been signed by a total of 28 MPs.