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en/uk-mps-brand-google-amazon-starbucks-immoral-over-alleged-tax-avoidance-saying-it-deprives-uk-of-billions-of-tax-revenues#c68794

Starbucks, Amazon and Google accused of being 'immoral' [UK]

Author: Helia Ebrahimi, Telegraph [UK], Published on: 19 November 2012

The US companies [Google, Amazon & Starbucks] were branded a disgrace by MPs…The fiery exchange, led by Public Accounts Committee chairman Margaret Hodge, saw all three companies accused of siphoning profits away from Britain by using a complex web of accounting strategies that were cynical and “unjust”. “We are not accusing you of being illegal,” said Mrs Hodge, “we are accusing you of being immoral.”…Conservative MP Charlie Elphicke…said: "Billions of tax revenues are being lost to the UK. It's clear from today that international tax avoidance is being conducted on an industrial scale. "This is not just unfair on hard working honest UK taxpayers. It gives overseas companies an unfair competitive advantage over UK companies. That's bad for our economic growth. [includes comments from companies]

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Related companies: Amazon.com Google (part of Alphabet) Starbucks