
According to a report from The Globe and Mail, a Dutch court has ordered British American Tobacco to pay a fine of 107 million euros (117 million US dollars), stating that the company understated its profits by 1.8 billion euros between 2013 and 2016 and will now be taxed accordingly.
This was part of a ruling by the Court of North Holland in the Netherlands, which altered the name of the organization it was applied to. However, British American Tobacco later confirmed that this was a problematic company and called the decision "disappointing".
The court stated in its judgment summary, "So far, most of the fines have been imposed for intentionally transferring company activities to the United Kingdom and making false tax claims.
The British American Tobacco Company has stated that it is considering an appeal.
The company stated, "British American Tobacco complies with all applicable tax regulations in all of our operating markets.
The ruling is the latest legal accusation against British American Tobacco (BAT) following their agreement in April this year to pay $635 million to US authorities. A subsidiary of the company admitted to conspiring to violate US sanctions, selling tobacco products to North Korea, and engaging in bank fraud between 2013 and 2017.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.