Starbucks- high on caffeine, near zero on taxes

Starbucks vows action on UK tax - The Irish Times - Sun, Dec 02, 2012: "The US coffee firm — valued at €30 billion — has generated more than £3 billion (€3.7bn) of sales in the UK since 1998 but it emerged in October it has paid less than 1 per cent in corporation tax.

Starbucks, which has more than 700 outlets in the UK, said it was “committed to the UK for the long term” and added: “We are looking at our tax approach in the UK. The company has been in discussions with HMRC for some time and is also in talks with the treasury.”

The company said it would release further details of its UK tax plans this week.

The group reportedly paid just £8.6 million (€10.6m) in corporation tax in the UK in the last 14 years."

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