AMERICAN owned chocolate manufacturer Cadbury is facing anger after it was revealed that it is not paying any UK corporate taxes, despite the company making a profit of £96.5 million (€134.6 million).
Mondelez, the owner of Cadbury, is facing controversy over its tax arrangements in the UK, although they are perfectly legal, based on a method of offsetting load interest against profits made elsewhere in the company.
Cadbury were founded almost 200 years ago by the Cadbury family. Their first shop opened in Birmingham in 1824. The family were Quakers, and had a proud history of being philanthropists. The company became part of Mondelez in 2009 after a £11.5 billion (€16 billion) takeover.
Mondelez is one of many overseas corporations who are legally allowed to avoid paying corporation tax in the UK.