Starbucks pays corporate tax to the British government for the first time in five years.
Starbucks announced on June 23rd that he had paid 5 million pounds in taxes to the British General Administration of Inland Revenue and Customs. This marks the official beginning of Starbucks' implementation.
The tax commitment it made last December. Starbucks also announced that it would continue to pay 5 million pounds in taxes in the second half of the year and 10 million pounds in 2014.
British MP Margaret Hodge welcomed Starbucks' commitment to hand over the first tax, but she also said, "companies need to pay."
There should be no choice on the question of how much tax. We need to establish a mechanism as soon as possible so that everyone can pay taxes fairly. "
On January 24 this year, British Prime Minister Cameron said in a speech at the Davos Economic Forum that tax evasion companies should "wake up and smell the coffee." This
The term has been interpreted as an accusation that Starbucks did not pay full corporate income tax.
In the 15 years since its entry into the UK, Starbucks has total sales of £30, paid only £8.6 million in taxes, and has paid no taxes at all in the last three years. For
With lower tax rates, Starbucks' sales in the UK are accounted for by its subsidiaries in the Netherlands and Switzerland, where the tax rate is reduced. Corporate value-added tax rates in the UK and Switzerland
They are 25% and 12% respectively.
(responsible Editor:)
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