A leading business analyst has branded the company socially irresponsible. This particular act of social irresponsibility is not about Kilmarnock and Port Dundas in Glasgow where a further 200 jobs are to go – but about Diageo’s UK tax avoidance. As For Argyll has previously reported, between 2000 and 2006, Diageo transferred billions of pounds worth of brands — including Johnnie Walker and J&B — to Diageo Brands BV, a Dutch subsidiary. The Netherlands offers the significant tax advantage of profits accrued almost tax-free. Image source :Thegotogroup.org . > Continue

News selected by Covalence | Region: UK | Company – EthicalQuote link: Diageo | Source: For Argyll