Procter & Gamble Co. will continue paying millions in snack taxes after failing to convince a London court that its Pringles chips are not primarily made from potatoes.
The May 20 ruling, by a three-judge appeals court, reverses a lower court decision that the stackable snacks are not actually potato chips, or “crisps” as the British refer to them. This earlier decision exempted P&G from paying a value-added tax on Pringles, according to the Financial Times.
Cincinnati Business Journal
Posts
No comments:
Post a Comment