Members of the British Parliament have called on the government to investigate why Starbucks pays so little corporate tax in the United Kingdom, the U.K. Telegraph reports. The legislators' comments followed a Reuters report that Starbucks has paid just 8.6 million pounds in corporate taxes in the 14 years it has operated in the U.K.

According to Reuters, Starbucks has reported losses in the U.K. for the last five years, which limited its taxes, although the company was telling analysts that its business in the U.S. was going well.

See the full story here.

|

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.