The 'immoral' tricks used by corporate giants to avoid UK tax were laid bare yesterday.
Executives from Google, Starbucks and Amazon revealed how they base operations offshore and route profits to tax havens.They had been summoned by MPs to explain why they contribute little or nothing to the Treasury's coffers. In a three-hour inquisition:
Google admitted funnelling profits to a company in the tax haven of Bermuda;
Starbucks said it had a deal with the Dutch government to minimise its tax bill and 'buys' coffee through Switzerland even though the beans never touch Swiss soil;
'Immoral' tax avoiders: Amazon, Starbucks and Google lashed by MPs over elaborate schemes
Current Status: Blessed (1)
Seeded on Tue Nov 13, 2012 3:58 AM

keyboard shortcuts: V vote up article J next comment K previous comment