BAT shifts nearly $1bn out of developing countries into one UK office

9 May 2019 — True Publica

BAT shifts nearly $1bn out of developing countries into one UK office

By Mark Bou Mansour – Tax Justice Network: For every dollar British American Tobacco (BAT) paid in tax in the countries it operates in, the giant multinational shifted more than half a dollar that would have been taxed locally to a UK subsidiary where BAT paid almost no tax.[1] New analysis by the Tax Justice Network estimates Bangladesh, Indonesia, Kenya, Guyana, Brazil and Trinidad and Tobago together stand to lose a total of nearly $700 million in tax revenue by 2030 from the financial manoeuvring of just one tobacco company if business continues as usual.[2]

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