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Mon Dec 3, 2012, 01:35 PM

 

Starbucks to 'start paying' UK tax

Source: Al Jazeera

US Coffee giant Starbucks has said it is considering changes to its UK tax practices, which allowed it to make billions in revenue while paying little in income taxes.

A Reuters news agency examination of Starbucks accounts published in October showed the company had reported 13 years of losses at its UK unit, even as it told investors the operation was profitable and among the best performing of its overseas markets.

The announcement comes after a report published on Monday criticised how multinational companies were avoiding tax in the UK.

The Public Accounts Committee, which published the report, said the HM Revenue and Customs (HMRC) needed to be "more aggressive and assertive in confronting corporate tax avoidance".

Read more: http://www.aljazeera.com/news/europe/2012/12/2012123162211899541.html

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Reply Starbucks to 'start paying' UK tax (Original post)
Welcome_hubby Dec 2012 OP
Laurian Dec 2012 #1

Response to Welcome_hubby (Original post)

Mon Dec 3, 2012, 01:42 PM

1. Anyone know Starbucks' record with regard to US taxes?

I enjoy regular stops at Starbucks, but can certainly add them to my list of establishments to avoid.

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