SUMMARY
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Following Reuters 4-month investigation that revealed that coffee giant Starbucks reportedly paid just £8.6 million in corporate tax in the UK over 14 years, executives from some of the world’s most-recognized firms were grilled by British lawmakers on the issue of tax avoidance. During the Public Accounts Committee hearing on November 12, Starbucks confirmed it has not paid any corporation taxes in Britain for the past 3 years owing to fees paid to its businesses in the Netherlands and Switzerland, including royalties for brand usage. Amazon and Google confirmed that the companies both use favorable tax jurisdictions — Luxembourg and Ireland respectively — due to their low taxation levels. Committee chair Margaret Hodge told them, “We’re not accusing you of being illegal, we’re accusing you of being immoral.”
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