Louis Dreyfus Company controversies

Argentine transfer-pricing and tax investigation

Argentina’s revenue and customs service investigated LDC and other major grain traders after commodity prices rose while comparatively little profit was reported locally. Authorities alleged that the companies used false declarations, foreign entities, inflated costs, or profit shifting through headquarters, tax havens or related entities to reduce taxable profits in Argentina. The companies denied the allegations, and the cited material does not establish a final outcome for LDC. Argentine revenue and customs authorities investigated LDC and other major grain merchants after alleging that sales were falsely declared, costs were inflated and profits were shifted through headquarters, tax havens or related entities. The companies denied the allegations. The supplied material does not provide a final adjudication concerning LDC.