UK: Starbucks pays £5 million in corporation tax following pressure from tax avoidance campaigners
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Coffee giant Starbucks has paid £5m in UK corporation tax - its first such tax payment since 2009 - the company has announced. A company spokeswoman said it had listened to its customers and would pay another £5m later this year. The move follows pressure from politicians and campaigners, and an agreement by world leaders last week to clamp down on corporate tax avoidance. Starbucks has only reported taxable profit once in 15 years in the UK. It announced late last year it would pay more corporation tax after a public outcry and an investigation by MPs.
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Author: compiled by Business & Human Rights Resource Centre
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