ECJ CADBURY SCHWEPPES TAX CASE
May 1st, 2006
STORIES BY KEITH NUTHALL
CADBURY Schweppes may scupper an attempt by Britain's Inland Revenue to levy GBPounds 8.6 million taxes from an Ireland-based subsidiary. It wanted to charge Cadbury Schweppes Treasury International (CSTI), alleging it was a shell company for dodging higher British tax rates. But the European Court of Justice ruled Irish tax applies if Cadbury demonstrated that CSTI carried out real work.
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CADBURY Schweppes may scupper an attempt by Britain's Inland Revenue to levy GBPounds 8.6 million taxes from an Ireland-based subsidiary. It wanted to charge Cadbury Schweppes Treasury International (CSTI), alleging it was a shell company for dodging higher British tax rates. But the European Court of Justice ruled Irish tax applies if Cadbury demonstrated that CSTI carried out real work.
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