Pepsi Bottling Company is a multi-national conglomerate. There are over such 1600 MNCs who have registered offices in Luxembourg. The intent is clear: cheat taxes due to the states where the MNCs earn their income.
Pepsi takes advantage of Bharat's demographic dividend and sells its products luring customers with advertisements and TV sponsorships, Cricket sponsorships, and boost sales of Pepsi products with the underpinning of cricket-patriotism of gullible youth of the nation.
See the enormous ad reach with ads such as the following:
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A Special Investigation Team should be constituted IMMEDIATELY by NaMo to:
1. review the IT returns of such companies for the last 10 years to ascertain the quantum of income transferred to tax haven states such as Luxembourg.
2. compute the corporate tax avoidance by such companies. Normally Bharat taxes such corporate income at 30% tax rate. If, a tax haven like Luxembourg has taxed only 1%, the tax cheat is to the tune of 29%.
3. ascertain from Luxembourg and other tax havens, the total corporate taxes they have collected by special tax treaties and tax rulings attracting MNCs to set up spurious deals with tax haven addresses. For example, 1600 MNCs are located at one address: 2, Rue Guillaume Kroll, Luxembourg, a tax haven.
4. issue tax notices to MNCs indulging in such avoidance gimmicks, declaring that amount as kaalaadhan.
5. ask officials in north block and south block to declare conflicts of interest because of their dealings with such tax cheat MNCs and ask them to recuse themselves from the Special Investigation Team.
NaMo, announce decisive, firm steps to get back kaalaadhan. Just ask your pundits to compute the taxes cheated so far. A quick computation will reveal that Bharat has lost very substantial amounts in taxes by the creation of such kaalaadhan of the types revealed by Luxleaks. See http://www.icij.org/blog The Global Muckraker. http://www.icij.org/project/luxembourg-leaks Explore the documents here:
http://www.icij.org/project/luxembourg-leaks/explore-documents-luxembourg-leaks-database
Justice MB Shah, SIT, constitute a time-bound task force to quickly get back such kaalaadhan.
Kalyanaraman
Pepsi takes advantage of Bharat's demographic dividend and sells its products luring customers with advertisements and TV sponsorships, Cricket sponsorships, and boost sales of Pepsi products with the underpinning of cricket-patriotism of gullible youth of the nation.
See the enormous ad reach with ads such as the following:
A Special Investigation Team should be constituted IMMEDIATELY by NaMo to:
1. review the IT returns of such companies for the last 10 years to ascertain the quantum of income transferred to tax haven states such as Luxembourg.
2. compute the corporate tax avoidance by such companies. Normally Bharat taxes such corporate income at 30% tax rate. If, a tax haven like Luxembourg has taxed only 1%, the tax cheat is to the tune of 29%.
3. ascertain from Luxembourg and other tax havens, the total corporate taxes they have collected by special tax treaties and tax rulings attracting MNCs to set up spurious deals with tax haven addresses. For example, 1600 MNCs are located at one address: 2, Rue Guillaume Kroll, Luxembourg, a tax haven.
4. issue tax notices to MNCs indulging in such avoidance gimmicks, declaring that amount as kaalaadhan.
5. ask officials in north block and south block to declare conflicts of interest because of their dealings with such tax cheat MNCs and ask them to recuse themselves from the Special Investigation Team.
NaMo, announce decisive, firm steps to get back kaalaadhan. Just ask your pundits to compute the taxes cheated so far. A quick computation will reveal that Bharat has lost very substantial amounts in taxes by the creation of such kaalaadhan of the types revealed by Luxleaks. See http://www.icij.org/blog The Global Muckraker. http://www.icij.org/project/luxembourg-leaks Explore the documents here:
http://www.icij.org/project/luxembourg-leaks/explore-documents-luxembourg-leaks-database
Justice MB Shah, SIT, constitute a time-bound task force to quickly get back such kaalaadhan.
PEPSI BOTTLING GROUP
- Associated countries:
- Bermuda, Cyprus, Germany, Gibraltar, India, Ireland, Netherlands, Spain, United States
- Industry:
- Food
Subsidiaries in the leak:
Kalyanaraman