Cadbury India lands in Tax Evasion Row
Chocolate giant Cadbury has been accused of evading $46 million in taxes by using a non-existent factory. The Wall Street Journal reported that Cadbury India manipulated invoices and other documents to get a tax exemption for companies that began production in new plants in Himachal Pradesh by March 31, 2010.
The company pretended producing sweets at a factory that did not exist. Cadbury India, owned by global snacks maker Mondelez International, will respond to the tax notices within 30 days. The company refused to make any comment on this issue.
This is an irony that even multi-national companies indulge in illegal practice to evade tax in India while they reap huge benefits through their operations/productions.