The Limited Times

Now you can see non-English news...

Lactalis: 220 million euros in corporate tax would have escaped the tax authorities, according to Disclose

2020-10-23T10:28:10.014Z


The investigative media claims that Lactalis allegedly used a Luxembourg-based shell company to conceal the profits of its British and Spanish subsidiaries and its parent company BSA France. The dairy giant refutes any tax evasion.


More than 220 million euros in corporate tax owed by Lactalis would have escaped the tax authorities between 2013 and 2018, estimates the investigative media Disclose on Friday, while the French dairy group refutes any tax evasion.

Lactalis does not evade tax.

It's a French company that pays its taxes in France,

”the group assured AFP.

Read also: Emmanuel Besnier, the most secret industrialist in France

The investigative website, which worked in a partnership with Mediapart, Brut, France Culture,

The Guardian

, Special Envoy (France 2) and the investigation site Le Poulpe, looked at the “

Complex financial engineering

” by Lactalis.

"

According to our estimates, the various tax evasion operations of Lactalis would have enabled the Besnier family to subtract no less than 220 million euros of corporate tax from the French tax authorities, between 2013 and 2018

", writes the media in line.

Disclose says it has analyzed 113 financial documents showing that Lactalis goes back the profits of its British and Spanish subsidiaries and its parent company BSA France to a

Luxembourg-based

"front

company

" called Nethuns, in the form of loan repayment.

According to documents from the Luxembourg commercial register, obtained by Disclose, the shareholders of Lactalis Emmanuel Besnier, his sister Marie Besnier and his brother Jean-Michel Besnier are all three beneficial owners of this shell company.

The fortune of Emmanuel Besnier, president of Lactalis, is estimated at 17.4 billion dollars (14.7 billion euros), and those of Marie Besnier and Jean-Michel Besnier at 6.1 billion dollars each (5 , 1 billion euros), according to Forbes magazine.

In 2018, the group had already denied “

alleged illegal tax practices

” after articles on the news sites Mediapart and Les Jours as well as in the weekly Ebdo.

At the beginning of 2019, the regional daily Ouest-France had also detailed the “

very complex fiscal piping

” of Lactalis on the basis of an expert report commissioned by the Confédération paysanne.

Read also: Pollution: Lactalis factories do not respect the environmental code, according to an investigation

The agricultural union had at the time submitted a "

report file

" to the national financial prosecutor's office on "

suspicions of tax evasion and fraud

".

The peasant confederation told AFP that it had no "

news

" of a possible opening of a judicial investigation.

Source: lefigaro

All business articles on 2020-10-23

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.