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Google, Starbucks, and Amazon in Hot Water Over Tax Evasion in the UK

Campaigners, MPs and Taxpayers’ Alliance agree large companies are exploiting loopholes in international tax regimes. 

Google, Amazon and Starbucks will face aggressive and detailed questioning by MPs on Monday over their decision to base their European businesses outside the UK to avoid paying full UK tax.

Responding to a growing public anger over corporate tax avoidance and heightened by high-profile government cuts to public services, the public accounts select committee will be asking Google, Amazon and Starbucks to explain structures such as Ireland- and Luxembourg-registered offices which incur lower tax rates, and also how they charge their own subsidiary companies for services, a practice known as transfer pricing.

Source: Raw Story . Read full article. (link)

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