Major firms quizzed over tax
Starbucks, Google and Amazon are bring questioned by MPs on the Public Accounts Committee on the issue of tax avoidance. The multinational firms are accused of paying little or no tax on their UK earnings.
Starbucks, Google and Amazon are bring questioned by MPs on the Public Accounts Committee on the issue of tax avoidance. The multinational firms are accused of paying little or no tax on their UK earnings.
Labour MP Austin Mitchell tells Starbucks "you're either running business badly or there is a fiddle going on".
Starbucks says they have no offshore tax arrangements in Caribbean or Cayman, but admits they get good deal under a tax deal with Dutch government - that is why royalties are paid there.
Big brands Amazon, Starbucks and Google were questioned by MPs today on their entirely legal tax avoidance methods.
MPs will today pour scorn at the UK tax affairs of the likes of Amazon and Starbucks, despite setting the rules within which they operate.