By lending money from a company in one country to a related company in another, and then borrowing it back at a different interest rate, ABP UK appears to have significantly and legally cut its tax bill between 2017 and 2022. The company says it is tax compliant in all the jurisdictions in which it operates.
Trojaan Investering
A finance company and part of ABP Food Group based in the Netherlands
£63m
loan at 5%
Multiple
loans
at 0%
£3.15m
interest payments
in a year
Other companies
in the
ABP Food Group
ABP UK
Based in UK
Based in Jersey and Ireland
By lending money from a company in one country to a related company in another, and then borrowing it back at a different interest rate, ABP UK appears to have significantly and legally cut its tax bill between 2017 and 2022. The company says it is tax compliant in all the jurisdictions in which it operates.
Trojaan Investering
A finance company and part of ABP Food Group based in the Netherlands
£63m
loan at 5%
Multiple loans
at 0%
£3.15m
interest payments
in a year
Other companies in
the ABP Food Group
ABP UK
Based in UK
Based in Jersey and Ireland