U.K. Legislators to Question Corporates on Taxes (Reuters)

Parliamentary committee invites executives from Starbucks, Google and Amazon to attend hearing.

The U.K. Parliament’s Public Accounts Committee has asked executives from Starbucks, Google and Amazon to attend a hearing on Monday, Nov. 5, to ask about the companies' U.K. tax payments, Reuters reports.

A committee spokesman said it was possible the hearing would be rescheduled to a later date.

Reuters reported last month that Starbucks has paid 8.6 million pounds in corporate taxes in the U.K. in the 14 years it has operated in the country. A Reuters story today that looks at the coffee chain’s European operations says that while Starbucks told investors its European businesses had posted a $40 million profit in 2011, its accounts for its three biggest units in Europe, in the U.K., France and Germany, showed a $60 million loss.

 

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