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‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, say campaigners
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Scooped by Graham Watson |
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Tax avoidance by a large MNC? Really?
Starbucks in the frame again, with the company only paying £7.2m in UK corporation tax out of gross profit of £149. Campaigners highlight the fact that Starbucks UK makes royalty and licensing payments to the parent company, a well-known form of tax avoidance. The company, of course, will argue that it complies with the letter of the law, will argue that not only does it pay a lot of tax, most notably in the form of its income tax contributions, and that is does a lot of good work for charity.