Get involved! Send your photos, video, news & views by texting SB NEWS to 80360 or e-mail us
Starbucks pledges to pay £10m tax
1:37pm Thursday 6th December 2012 in Business Daily
COFFEE giant Starbucks has said it expects to pay "somewhere in the range of £10 million" in UK corporation tax for each of the next two years.
The announcement comes after it emerged Starbucks paid just £8.6 million in corporation tax in 14 years of trading in Britain and nothing in the last three years.
Starbucks UK managing director Kris Engskov told the London Chamber of Commerce that changes to its tax arrangements will see the firm pay above what is required by law.
Mr Engskov said the proposal had not been discussed with HM Revenue & Customs, adding: "With the backdrop of these difficult times, in the area of tax, our customers clearly expect us to do more."
Activist group UK Uncut is planning protests at Starbucks cafes on Saturday in protest at the company's tax arrangements as well as the impact of government spending cuts on women.
© Press Association 2012
Comments are closed on this article.