Business

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


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Councillors’ election promise to deliver CBD project questioned

DOUBT: Andrew Antoniolli, Paul Pisasale and Paul Tully announce the lagoon project in February.

Councillors’ election promise to deliver CBD project questioned

Images of our shameful past

FOUND: Wade Thompson and Henry Thompson Jr at the Deebing Creek Mission Cemetery.

Images of our shameful past

Show out to deliver the thrills

The Safari Zoo is expected to be a big attraction for the kids.

Show out to deliver the thrills s

Latest deals and offers

Man secretly stalked, filmed children at water park

CHILDREN were secretly filmed at a Gold Coast water park by a New Zealand national who used the videos to satisfy his own sexual urges.

Patient stable after shed fire at Eastern Heights

photo Lea Emery / Fraser Coast Chronicle

Emergency crews were called to the site shortly after 2am

OPINION: Tough choices for our young Y10 students

Deciding on your future can be hard

Allison Baden-Clay would want you to show kindness

The late Allison Baden-Clay.

Day honours the late Allison Baden-Clay

VIDEO: How this mum delivered her own baby

Wade and Terri Thompson welcomed baby Naya in the kitchen of their Brassall home on Thursday morning.

You won't believe where this Ipswich mum had her seventh baby

Truck leaves an "offal" mess on road

Offal littered the Warrego Highway near Kholo on Monday afternoon. Photo: Rob Williams / The Queensland Times

Motorists encounter smelly road obstruction

Rob Kardashian 'neglected' by Blac Chyna

Friends say they are now 'back in love'

Isla Fisher: I don't like talking about my private life

Isla Fisher shut down TV hosts when they asked about her husband

Mariah Carey: I 'can't believe' Prince has gone

'Prince was one of the best people I've met'

Joe Jonas' 'tough' pals

Joe Jonas' pals are 'tough' with his potential partners

The Bachelor wash up: bacon, plank offs and that white rose

Richie Strahan, second from left, with bachelorettes Eliza, Faith, Noni and Janey in a scene from episode one of the fourth season of The Bachelor.

RICHIE Strahan meets some beautiful, and colourful, bachelorettes.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles