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Cadbury Tax

Cadbury's accused of 'aggressive tax avoidance' prior to Kraft takeover

By Angela Haggerty, Reporter

June 21, 2013 | 2 min read

Cadbury's was using aggressive tax avoidance schemes prior to the brand's takeover by Kraft in 2010 according to a Financial Times report, paying an average £6.4m tax each year while making profits of £100m per year.

Popular: Cadbury's was taken over by Kraft in 2010

An anonymous former executive spoke out, telling the Financial Times that the brand's tax practices went against what the public would expect from the household name.

The paper detailed schemes such a 'Chaffinch', which slashed £17m from the tax bill between 2006 and 2008, and claims were made of £400m being sheltered in the Cayman Islands between 1998 and 2002, cutting £9m from the brand's tax bill in a single year.

Cadbury Tax

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Cadbury, formerly Cadbury's, is a British multinational confectionery company wholly owned by Mondelez International since 2010. It is the second-largest confectionery...

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