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
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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