Main Kellogg’s unit pays no Irish tax

The main Irish arm of breakfast cereal giant Kellogg’s last year paid zero corporation tax for the second year running as revenues topped €1.28bn.

Accounts filed by Kellogg European Trading show it recorded a 27% jump in operating profits, to €49.36m, in the 12 months to January 2.

However, interest of €137.45m on loans from other group firms pushed the firm into the red to record losses of €75.5m.