Monday, 21 January 2013



Global firms in the UK that pay little or no tax are an "insult" to British businesses, a committee of MPs says. Multinational companies such as Starbucks, Amazon and Google have complicated tax systems - all say they operate within the law. Multinationals such as Starbucks and Amazon have come under fire for paying little or no corporation tax. Starbucks, for example, sold nearly £400m worth of goods in the UK last year, but paid no corporation tax at all, because it transferred some of the money to a sister company in the Netherlands in the form of royalty payments, bought its coffee beans from Switzerland and paid high interest rates to borrow money from other parts of the business.
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