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Article

5 Dec 2012

Author:
Jill Treanor, Guardian [UK]

Starbucks expected to make corporation tax pledge [UK]

Starbucks is attempting to defuse the mounting row about the amount of tax it pays in the UK by pledging to pay more corporation tax…The US company is preparing to make an announcement on Thursday…The details of Starbucks' announcement are still being thrashed out, but…A spokeswoman for the firm said: "We have listened to feedback from our customers and employees, and understand that to maintain and further build public trust we need to do more. "As part of this we are looking at our tax approach in the UK. The company has been in discussions with HM Revenue & Customs for some time and is also in talks with the Treasury. We will release more details tomorrow." The potential agreement comes during a week in which Starbucks was slated by the public accounts committee of MPs, which had summoned the company along with other low tax payers such as Amazon to explain the amount they paid.

Part of the following timelines

UK: Parliamentary report accuses Amazon, Google & Starbucks of "immoral" use of secretive jurisdictions, royalties & complex company structures to avoid tax

Starbucks agrees to pay more corporation tax in UK