Tagged: Tax Avoidance

NEWS: New Delhi Bans Beer Giant Over Tax Evasion

New Delhi bans AB InBev – the world’s largest beer producer – from selling its products in the key New Delhi market for 3 years for evading local taxes. The city government orders from earlier this month followed a 3-year investigation which found that beer maker SABMiller – acquired by AB InBev in 2016 for around $100 billion – used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower levies…

NEWS: Indian Tax Authorities Accuse AB InBev of Tax Avoidance

Indian tax authorities have accused AB InBev of tax avoidance and price cartelization. The Indian tax authority issued a demand notice for alleged capital gains tax liability last year on SABMiller’s 2006 acquisition of Foster’s India business, trademarks and other intellectual properties…

NEWS: Heineken Under Investigation For New Tax Scheme

Heineken Korea is under investogation for rigging prices to save tax.
The Korean subsidiary of the second largest beer producer in the world, Heineken International, is under investigation by the Korean customs authority for allegedly manipulating original import prices of its beer brands to lower tax. If found guilty of the charges, the tax scheme could mean a fine of more than 10 billion won ($8.9 million)…

NEWS: Thailand: Excise Tax Overhaul Affects Alcohol

The new excise tax will mark a substantial change in how Thailand computes taxes for products such as vehicles, alcohol, cigarettes, non-alcoholic drinks, batteries, crystal glass and air conditioners. The system replaces the existing ex-factory prices and cost, insurance and freight (CIF) values with suggested retail prices. The Excise Department hopes that the new basis will create a fairer system for manufacturers and importers after the revelation that some businesses were exploiting ex-factory and CIF values to understate their tax bills…

BLOG: Spinning The Truth: Diageo CEO Lies On TV

Diageo is not an ordinary company. This is not an ordinary CEO. Spinning the truth until it becomes a lie is not normal, even if it is standard in the alcohol industry. Diageo’s products are not ordinary commodities but harmful for individuals, families, communities and societies at large. Apparently Diageo is intent on evading responsibility, rather burdening society with paying the costs for the harms its products and marketing cause, instead of acting responsibly and ethically…

NEWS: Finland: €2 Million Unpaid Alcohol Taxes

Following investigation, Finnish customs net nearly two million euros in unpaid alcohol taxes from online stores
Online liquor sellers have had to fork out more than €2 million in unpaid taxes to Finnish Customs. The payout follows intense scrutiny of online retailers selling alcoholic beverages in Finland. This is only the tip of the iceberg of tax avoidance…