Senior managers from Kraft to be grilled by MPs

SENIOR managers from the American firm which bought Birmingham-based Cadbury will be grilled by MPs over the decision to move its headquarters to Switzerland to avoid taxes.

But Kraft chief executive Irene Rosenfeld will not attend tomorrow’s meeting – despite a strongly-worded personal plea from Black Country MP Adrian Bailey, chair of the Commons Business Committee.

Instead, the committee will hear evidence from Marc Firestone, Kraft executive vice-president, Trevor Bond the former president of Cadbury who is now a senior Kraft executive, and Nick Bunker, president of Kraft Foods, UK & Ireland.

The committee, which is led by Mr Bailey and also includes MPs Margot James (Con Stourbridge) and Nadhim Zahawi (Con Stratford upon Avon), will raise a series of concerns which have emerged following Kraft’s controversial takeover of the British chocolate-maker.

Top of the list will be the decision to move key high-level roles to Zurich – saving as much as £60 million a year in corporation tax.

Mr Bailey (Lab West Bromwich West) has already said he is “disgusted” by the decision.

They may also question the decision to downsize the standard Dairy Milk bar from 140g to 120g – while keeping the price the same.

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