Editing Bunge Global (section)

== Tax dodging ==
A noteworthy case of [[transfer mispricing]] came to light in 2011 in Argentina involving the world’s four largest grain traders: [[Archer Daniels Midland|ADM]], Bunge, [[Cargill]] and [[Louis Dreyfus Company]]. Argentina’s revenue and customs service began an investigation into the four companies when prices for agricultural commodities spiked in 2008 and yet very little profit for the four companies had been reported to the office. As a result of the investigation, it was alleged that the companies had submitted false declarations of sales and routed profits through tax havens or through their headquarters. In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce the recorded profits earned in the country.<ref>{{Cite news |last=Lawrence |first=Felicity |date=2011-06-01 |title=Argentina accuses world's largest grain traders of huge tax evasion |language=en-GB |work=The Guardian |url=https://www.theguardian.com/business/2011/jun/01/argentina-accuses-grain-traders-tax-evasion |access-date=2019-08-01 |issn=0261-3077}}</ref> According to the country’s revenue and customs service, the outstanding taxes amounted to almost USD 1 billion.<ref>{{Cite news |last=Bloomberg |date=2013-03-25 |title=Grain Exporters Owe Argentina 951 Million in Taxes |url=https://www.bloomberg.com/news/articles/2013-03-25/grain-exporters-owe-argentina-951-million-in-taxes |access-date=1 August 2019}}</ref> The companies involved have denied the allegations. To date, the Argentinian tax authorities have not replied to the [[Public Eye (organization)|Swiss NGO Public Eye]]’s request regarding the current state of the case.<ref>{{Cite news |last=Public Eye |date=June 2019 |title=Agricultural Commodity Traders in Switzerland |url=https://www.publiceye.ch/fileadmin/doc/Agrarrohstoffe/2019_PublicEye_Agricultural-Commodity-Traders-in-Switzerland_Report.pdf |access-date=1 August 2019}}</ref> In its 2018 annual report to the US Securities and Exchange Commission (SEC), Bunge mentioned provisions which suggest that the case is still ongoing: “[A]s of December 31, 2018, Bunge’s Argentine subsidiary had received income tax assessments relating to 2006 through 2009 of approximately 1,276 million Argentine pesos (approximately $34 million), plus applicable interest on the outstanding amount of approximately 4,246 million Argentine pesos (approximately $113 million<sup>]</sup>).”<ref>{{Cite web |title=Bunge Ltd (BG) 10K Annual Reports & 10Q SEC Filings |url=https://last10k.com/sec-filings/bg |access-date=2019-08-01 |website=Last10K |language=en-US}}</ref>