UK: MPs brand Google, Amazon & Starbucks "immoral" over alleged tax avoidance, saying it deprives UK of "billions of tax revenues"

Get RSS feed of these results

All components of this story

Article
19 November 2012

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

Author: Helia Ebrahimi, Telegraph [UK]

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]

Read the full post here

Article
12 November 2012

MPs slam Starbucks, Amazon and Google on tax [UK]

Author: Tom Bergin, Reuters

MPs criticised executives of Starbucks, Google and Amazon on Monday for not paying more tax in Britain…Britain's Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies. Britain and Germany last week announced plans to push the Group of 20 economic powers to make multinational companies pay their "fair share" of taxes following reports of large firms exploiting loopholes to avoid taxes. [includes statements by Amazon, Google, Starbucks]

Read the full post here

Article
12 November 2012

Taxation of Multinational Companies Committee [audio]

Author: Public Accounts Select Committee session recording on BBC

Recorded coverage of the Public Accounts select committee session on the tax paid by multinational companies with evidence from Amazon, Google and Starbucks, from Monday 12 November.

Read the full post here