Irish Monsanto company pays no tax
Monsanto Finance Holdings Ltd, an Irish-incorporated company with an address on Lower Hatch Street, Dublin, made a profit of €2.5 million in 2012 but paid no tax, according to accounts just filed.
The firm made a profit of €3.69 million in 2011, when it again paid no tax.
The firm has no employees and its three directors have addresses in Bermuda.
The firm’s balance sheet shows that at the end of August 2012 it had financial assets of €50.8 million. Accumulated profits at that stage were €53.3 million and shareholders’ funds were €103 million. The firm is owned by a Monsanto company based in Switzerland, and is ultimately owed by Monsanto of St Louis, Missouri, US.
Posted on July 7, 2013, in Big Pharma, buisiness, environment, Food, Health, Ireland, USA and tagged Bermuda, Business, Dublin, Irish Times, Monsanto, Monsanto Finance Holdings, Switzerland, Withholding tax. Bookmark the permalink. Leave a comment.