Thaindian News

Zurich, Dec 5 (THAINDIAN NEWS) Cadbury’s is all set to shift some of their jobs to Zurich in an apparent bid to save on taxes. This plan is the brainchild of Cadbury’s new owner Kraft Foods. The officials at Kraft Foods want to curtail some of their expenses that they would otherwise have to foot if Cadbury’s remains based in the UK.

Some of the top-notch jobs are going to shift base to Zurich so that Kraft Foods can save on corporation tax, which would run into millions of pounds. It ought to be mentioned here that the corporation tax in UK is around 28% whereas in Zurich it is almost half the amount.

However officials at Kraft Foods also revealed that the main England-based jobs would remain in UK.

It ought to be mentioned that when this takeover had taken place then it had generated a lot of controversy as UK residents and workers at Cadbury’s were worried about their future.

“Since 2006 we have been implementing our European model involving a (holding) company based in Zurich together with local companies in country markets. The reorganisation has given us greater focus on our priority brands and has helped us grow faster. We are integrating Cadbury into this model. This involves the transfer of certain roles to Switzerland, though the majority of UK-based roles will remain in the UK,” according to a Kraft spokesperson.