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 Oreo maker pays crumbs in taxes - Congrats!

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Oreo maker pays crumbs in taxes - Congrats! Vide
PostSubject: Oreo maker pays crumbs in taxes - Congrats!   Oreo maker pays crumbs in taxes - Congrats! Icon_minitimeTue Mar 15, 2016 12:28 am
Oreo cookie lovers have long debated whether to eat the filling or the cookie first. Now the company that makes this iconic cookie is the middle of a more serious debate about jobs and taxes.

Oreo maker pays crumbs in taxes - Congrats! 635933157881336146-XXX-IMG-OREO-COOKIE.JPG-1-1-LB2D73BG-51869394

Mondelez International (MDLZ), the company that owns Nabisco which makes the Oreo, has come under fire from both Republican and Democratic presidential candidates over a recent decision to lay off 600 Chicago workers to move production to Mexico. The shift gets to the very premise of why companies take such actions - to lower costs including taxes.
Oreo cookie in White House hopefuls' crosshairs over outsourcing
The difference is significant. Mondelez reported an effective tax rate, or income tax expense divided by earnings before taxes, of 7.5% last year, according to the company's regulatory filing. It wasn't just a one-year fluke, either. The company has consistently paid tax rates lower than the U.S. federal statutory rate of 35%. Mondelez' effective tax rate in 2014 was 13.8% and just 2.5% in 2013.

http://www.usatoday.com/story/money/markets/2016/03/11/oreo-maker-pays-crumbs-taxes/81663574/

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