Starbucks faces MPs over tax avoidance

news.starbucks.com

STARBUCKS coffee shops across the country will be the target of demonstrations by anti-tax avoidance activists, the protest group UK Uncut has announced.

The protesters' threats to invade Starbucks stores come on the day that the company's bosses are hauled before MPs over its accounting policies.

Last month the US coffee company was revealed to have paid almost no tax in the UK since 2009, and only AU$12.24 million in the 14 years since it opened its first British store, despite sales of AU$4.59 billion in that time.

UK Uncut, which is known for taking over stores such as Fortnum & Mason in protest at alleged tax avoidance, said campaigners would be selecting specific Starbucks branches to target on 8 December.

The UK Uncut activist Sarah Greene said: "It is an outrage that the Government continues to let multinationals like Starbucks dodge millions in tax while vital services like refuges and rape crisis centres face the axe. It does not have to be this way."

Starbucks' global finance chief, Troy Alstead, and UK managing director, Kris Engskov, will give evidence to the Public Accounts Committee this afternoon on the taxation of multinational corporations.

Representatives from Amazon and Google are also expected to give evidence, while it was reported yesterday that Nissan has avoided paying millions of pounds in corporation tax by selling cars through a Swiss parent company.

There is no suggestion that any of the multinationals have done anything illegal, but there is growing frustrations at the way the tax system is set up.

Former City minister Lord Myners is pushing for the introduction of a sales tax.

Topics:  starbucks, tax, tax avoidance, united kingdom



Local Real Estate

finda logo
Featured Real Estate
Penthouse living close... $269,000
Apartment 3 2 1
Make An Offer - Owner... $339,000
House 3 2 2
The Gulch Auction
House 2 2 2
Country living in... Auction
House 5 3 5

Featured Jobs

finda logo

Ipswich jobs listed daily

Featured Jobs
Newspaper Deliverers... Newspaper Deliverers WANTED All Areas Reliable vehicle essential Phone 1300 367 384
Currey Flowers West Ipswich Casual PerHour
Cook/Commis Chef/Chef de... Aratula Full Time 50,000 - 56,000 PerAnnum
EARN CA$H! Distributors... EARN CA$H! Distributors needed. Earn while you walk. Drop & collect catalogues ...



Local Partners

Local Profile

Horoscopes

Virgo

Your dreams are vivid, and there may be some psychic experiences that will help you come to a conclusion over a problem. Trust your instincts.

read more

Marketplace

Special Offers & Promotions

Compare & Save