Ukrainian poultry giant MHP allegedly uses letterbox companies in tax havens Luxembourg and Cyprus to avoid taxes to the Ukraine budget. “By routing finances provided by investors through its mailbox companies in Luxembourg and Cyprus, MHP has aggressively sought to avoid Ukrainian taxes,” says Vincent Kiezebrink, researcher at the Centre for Research on Multinational Corporations (SOMO) which conducted the research. “This is a company that has its roots as well as most of its operations in Ukraine, yet its parent company resides in Cyprus. MHP has shown to be willing to set up elaborate tax avoidance structures to avoid paying its. Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service