You are here: Home » Reuters » News
Business Standard

Reckitt Benckiser denies Oxfam claims of avoiding millions in taxes

Reuters  |  LONDON 

LONDON (Reuters) - British consumer goods giant Reckitt Benckiser Group said on Wednesday its tax structure and practices were in line with other global businesses, denying allegations of tax avoidance in developing countries, after charity group Oxfam levelled charges against it.Oxfam said on Thursday in a report that Reckitt funnelled intra-company transactions through the "low-tax jurisdictions" of Netherlands, Dubai and Singapore, so that more profit accumulates there, rather than in countries where the company has its core business, and where tax rates are higher.It went on to add that ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 13 2017. 04:50 IST