Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Macron says Israeli PM's measures on Gaza 'unacceptable' and 'shameful'
Yemeni Armed Forces: Companies that have not announced the suspension of their flights should follow in the footsteps of those who did, suspending flights to airports in occupied Palestine
Yemeni Armed Forces: The operation confirms the continued blockade on navigation at Ben Gurion Airport
Yemeni Armed Forces: The missile successfully achieved its goal, causing millions of Zionists to flee to shelters and halting air traffic for about an hour
Yemeni Armed Forces: We targeted Ben Gurion Airport in the occupied Yafa region with a hypersonic ballistic missile
Al Mayadeen's correspondent: Air raid sirens sound in the Gaza envelope settlements
Al Mayadeen's correspondent in Gaza: The number of martyrs in the European Hospital massacre in Khan Younis has exceeded 20
Senior Resistance figure: Loser Netanyahu is trying to please the Zionist right by claiming that he is achieving success in Gaza
Senior Resistance figure: Israeli media reports about the presence of a Resistance leader at the site of the massacre committed by targeting the European Hospital are not true
Israeli army claims intercepting a ballistic missile launched from Yemen

Meat producers dodge millions in UK taxes

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Sep 2022 19:05
3 Min Read

This time, meat giants are put in the spotlight over their wealth formed by the infrastructure of the state.

  • x
  • Meat producers overpass evade millions in taxes
    Meat producers overpass evade millions in taxes

An investigation carried out by nonprofit Lighthouse Reports and the Guardian daily reported that several meat producers in Europe have been evading hundreds of millions of euros in taxes by bypassing governmental institutions and resorting to various financial schemes. 

Among the companies that were included in the study, some were registered in the UK, the Netherlands, Ireland, and Luxembourg, the latter three known to be tax havens.

The annual reports of Anglo Beef Processors (ABP), one of Europe's leading privately owned food processors, including those of Pilgrim’s Pride and Moy Park, both owned by Brazilian giant JBS, the world’s largest meat company, received considerable attention due to the recorded extent of tax evasions.

The organization assessed that over 200 million euros ($194 million) have been evaded by leading meat producers who supply big food chain companies, such as McDonald's, Nando's, and KFC, as well as major supermarkets all while profiteering from government subsidies.

According to the study, the identified companies managed to evade taxes through perfectly legal practices and elaborate complex schemes that allow the companies to borrow money from a firm in one country to a related firm in another, and then borrow it back at a different interest rate.

Related News

In a first, US regulators approve sale of meat 'grown' in labs

The new 'environment-friendly' trend of lab-grown meat awaits approval

UK Labour Party member Margaret Hodge, who also chairs the All Party Parliamentary Group on Tax, accused meat giants of "butchering" their obligations toward society, all while pumping billions in taxpayer-funded subsidies given to livestock farmers every year.

Read more: Truss freezes energy bills for 2 years, costs government £150 billion

The UK is currently going through a crisis where the cost of living, energy prices, and inflation are all skyrocketing. When it was announced on August 26 that energy bills would increase to 80%, the following week it was reported that 60% of factories in the UK were at extreme risk of shutting down as energy costs across the country continue to skyrocket.

It was also reported on September 2 that the purchasing power of normal citizens would decrease by 8.3%  in 2022.

Another study also revealed on August 28 that Britain may have to spend $27 billion more in subsidies if they are going to cover the surging energy bills in the upcoming heating season.

Furthermore, on August 20, an NHS chief warned that soaring energy costs will kill more than 10,000 people this winter; a situation the NHS Confederation referred to as a "humanitarian crisis".

See next: Britain’s prejudice against Muslims

  • Tax evasion
  • UK
  • Meat industry

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025
A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Labour Party leader Keir Starmer with his wife Victoria make their way through supporters as they arrive at the count for the Holborn and St Pancras Parliamentary constituency where the Starmer is standing for election, in London, Friday, July 5, 2024 (AP)
Politics

UK Labour MPs urge government to recognize Palestine

Israeli exodus: 60,000 Israelis fled last year without return
Politics

Israeli exodus: 60,000 settlers fled last year on one-way tickets

Hollywood actors condemn Gaza violence days before Cannes Festival
Arts and Culture

350+ Hollywood actors condemn Gaza genocide ahead of Cannes Festival

Likud minister calls Trump as ‘unpredictable,’ unreliable
Palestine

Likud minister rebukes Trump, calls him 'unpredictable', unreliable

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS