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Argentina Accuses World's Largest Grain Traders Of Huge Tax Evasion

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http://www.guardian.co.uk/business/2011/jun/01/argentina-accuses-grain-traders-tax-evasion

The world's four largest grain traders, responsible for the vast majority of global corn, soya and wheat trading and processing, have been accused of large-scale tax evasion in a landmark series of cases being brought against them by the Argentinian government.

In an interview with the Guardian, Ricardo Echegaray, the head of Afip, the Argentine revenue and customs, has given a detailed account of the charges his department is bringing against ADM, Bunge, Cargill and Dreyfus.

"These companies have gone into criminality," Echegaray said. "2008 was when agricultural commodities prices spiked and was the best year for them in prices, yet we could see that the companies with the biggest sales showed very little profit in this country."

The Guardian has learned from separate sources that Afip is seeking to claim $476m (£290m) for what is says are unpaid tax and duties from Bunge, $252m from Cargill, and $140m from Dreyfus. The companies have all denied all the allegations and have said they will defend themselves vigorously.

Perhaps Bunge some bung the taxman a few readies to get this to go away. :lol::lol:

I wonder if this idea of going after the big corporates will gain traction withing govt circles.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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