Paging George Osbourne you have a UK tax cheat in Zambia
George Osbourne has been quoted in the press lately saying that he is going to aggressively pursue global tax cheats.
Well, I’ve found one for you Mr. Osbourne they are based right in your own backyard.
Associated British Foods (ABF), a UK company that makes Silver Spoon sugar, pays almost no taxes on its profitable Zambian sugar subsidiary, according to a new ActionAid report. The authors allege ABF has avoided estimated taxes of $27 million since 2007, enough to put 48,000 Zambian children in school.