Tax: Starbucks in talks with UK's Revenue and Customs

[Gerald]

Global coffee chain Starbucks has said it is in talks with HM Revenue and Customs and the Treasury over how much UK tax it pays.

It is one of several well-known firms that were criticised over the level of their corporation tax payments.

The firm admitted that it "needed to do more" in the UK on tax.

Meanwhile, Chancellor George Osborne has pledged more funds for the British authorities to tackle tax avoidance by multinationals.


Starbucks is in talks with HMRC about how much tax it pays.

He told the BBC that an announcement would be made on Monday about the "extra investment in the part of the Inland Revenue that tackles tax avoidance by multinational companies".

A Public Accounts Committee report on the topic of how much tax multinational firms pay in the UK is due on Monday.

In November the committee took evidence from executives from Starbucks, Google and Amazon over the amount of tax the companies have paid in the UK.

I love coffee and it must be strong,

http://www.bbc.co.uk/news/business-20573208


Note: 2 December 2012 Last updated at 18:16 GMT

[em2nought]

I'm picturing Englishman dressed up like Gunga Din throwing Starbuck's coffee in the Thames.

[Jimbuna]

Originally Posted by em2nought

I'm picturing Englishman dressed up like Gunga Din throwing Starbuck's coffee in the Thames.

The Chancellor is throwing £150 million at HMRC to assist them...it was them that were to lax in the first place.

[Gerald]

£150 million is lot of money,

[Jimbuna]

Not in the scheme of things when you consider the hundreds of millions that goes unpaid.

[Gerald]

That's true,