SABMiller FACES TAX SCANDAL

cream.b · 2010-12-20T10:13:28+00:00

AN international charity organization, ActionAid, has released a scathing report accusing the Tanzania Breweries Limited (TBL) parent company, SABMiller Plc, of evading taxes amounting to millions of pounds in African countries in which it operates, including Tanzania. According to the report titled; "Calling Time: Why SABMiller should stop dodging taxes in Africa," Tanzania could be losing up to 1.44 million Pounds (about 3.6bn/-) per annum from the said malpractices. SABMiller controls majority shares in TBL with 52 per cent, while its former business partner turned rival East African Breweries Limited (EABL) has a 20 per cent stake. The remaining 28 per cent stake is owned by the Tanzanian public through the Dar es Salaam Stock Exchange (DSE) where TBL is listed. The company also has controlling interests in Tanzania Distilleries Limited (TDL). Kazi tunayo hapa..

Thread starter cream.b
Start date Dec 20, 2010

cream.b

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Dec 20, 2010

Misterdennis

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Dec 21, 2010

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