Sunday, 25 November 2012

Starbucks, Google and Amazon quizzed by MPs over UK tax

Starbucks global chief Troy Alstead faces MPs. Getty

Matt Brittin, chief executive officer of Google UK, Troy Alstead, Starbucks global chief financial officer, and Andrew Cecil, Amazon’s director of public policy have been questioned by MPs on why they pay so little corporation tax in the UK. For background, see our news story:

18:04: Hodge says British prime minister not happy, business secretary has branded all three companies a disgrace and wants their response.

18:03: All three company executives believe OECD guidelines on how a branch of a multinational on the internet should be reviewed.

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Source: http://blogs.ft.com/westminster/2012/11/live-blog-google-starbucks-amazon-grilled-by-mps-over-tax-avoidance/

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