Google avoids tax on 10bn after doubling amount of money it puts into company in Bermudan tax havenThe internet giant reportedly moved nearly 80 per cent of its pre-tax profits to a shell company on the North Atlantic territoryThe move has seen the company slash its overall tax rate almost in halfGoogle's European Vice Chairman Matt Britten pays most tax where it creates 'economic value', mainly the U.SBut the company still moves some of the income generated by U.S created technology to foreign 'shelters' | UPDATED: 21:02 GMT, 10 December 2012 Internet giant Google avoided tax on 10billion revenue last year by doubling the amount of money put into a shell company in Bermuda.
Starbucks 'treats tax like a church collection plate': Treasury chief secretary attacks coffee chain Danny Alexander, Chief Secretary to the Treasury, said today paying tax ‘is not a voluntary choice’ Anger that coffee giant been allowed to cut a deal and pay a 'voluntary' 10million a year Anti-tax demonstrators protested outside more than 50 Starbucks coffee shops across the country this weekend | UPDATED: 23:56 GMT, 9 December 2012 Enlarge Tough talk: Danny Alexander, Chief Secretary to the Treasury, said on The Andrew Marr show that the Government would clamp down on companies that dodge tax Starbucks was accused of treating its tax obligations ‘like the church collection plate’ yesterday as the backlash against the coffee giant intensified. A Cabinet minister weighed into the row over the chain’s surprise deal with the taxman to pay a ‘voluntary’ 10million a year in tax. The agreement, revealed last week, followed weeks of damaging publicity about the American-owned company following revelations it had not paid any corporation tax in Britain for three years.
Starbucks caves in to pressure and promises to hand the taxman 20m after public outcry The US-owned coffee chain has paid just 8.6 million in corporation tax in the past 14 yearsAfter public pressure, it will pay 20million to the Treasury over the next two years Campaigners are unhappy with the pledge, and are preparing to protest at cafes on Saturday There are hopes that Amazon and Google will be next to pay more tax | UPDATED: 07:50 GMT, 7 December 2012 Anger: Starbucks will pay 20million in corporation tax over the next two years after it was accused of acting 'immorally' for not paying the levy over the last three years Starbucks last night caved in to public pressure and agreed to pay millions in corporation tax amid fears of a growing consumer boycott. The global coffee group struck a deal with Her Majesty’s Revenue and Customs to pay 20million over the next two years, whether or not it reports a profit. The move will bring valuable money into Treasury coffers and piles pressure on other multi-nationals such as Google and Amazon to restructure their affairs to make contributions
Starbucks caves in and agrees to pay up to 10m tax this year – but it may not stop the boycott caused by its 'immoral' financial dealings Deal done with HMRC after huge pressure from the public and MPsThe US-owned coffee chain has not paid corporation tax for 14 yearsIt recorded no taxable profits despite enjoying a 31 per cent market shareStarbucks maintains its British business has not been profitableBut confirms it will reveal result of talks with HMRC tomorrow The chain is in grip of boycott, backed by the Treasury chief secretaryThere are hopes that Amazon and Google will be next to pay more tax | UPDATED: 16:55 GMT, 5 December 2012 Outcry: Starbucks will pay about 10million in tax this year after it was accused of acting 'immorally' when it emerged that it has paid no corporation tax in 14 of the past 15 years After paying no tax at all for 14 of the last 15 years Starbucks has finally caved in to pressure and will now hand over 10million to the Treasury. The US-owned coffee chain, with annual sales of 400million in Britain, has been accused by MPs of acting ‘immorally’ after it emerged that it has hardly paid corporation tax since opening its first shop in the UK. But its decision, after it admitted 'it needed to do more' on tax in the UK, may not placate boycotting consumers unhappy about its financial position
Starbucks set to cave in and pay more tax after threats of boycott at its 'immoral' financial dealings The US-owned coffee chain have not paid corporation tax for 14 yearsIt recorded no taxable profits despite enjoying a 31 per cent market shareThe chain is facing a boycott, backed by the Treasury chief secretary | UPDATED: 07:34 GMT, 4 December 2012 Outcry: Starbucks is set to pay more tax in the UK after it was accused of acting 'immorally' after it emerged that it has paid no corporation tax in 14 of the past 15 years Starbucks is set to pay more tax in the UK following public outcry at its convoluted financial dealings. The US-owned coffee chain was accused by MPs of acting ‘immorally’ after it emerged that it has paid no corporation tax in this country for 14 of the past 15 years.
DAILY MAIL COMMENT: 32 billion reasons to nail the tax-dodgers | UPDATED: 09:44 GMT, 3 December 2012 At a time when hard-pressed families struggle desperately against soaring petrol, food and energy bills, the cynical avoidance by major corporations and the super-rich of an estimated 32billion in tax is nothing short of immoral.
DAILY MAIL COMMENT: 32 billion reasons to nail the tax-dodgers | UPDATED: 23:22 GMT, 2 December 2012 At a time when hard-pressed families struggle desperately against soaring petrol, food and energy bills, the cynical avoidance by major corporations and the super-rich of an estimated 32billion in tax is nothing short of immoral.
Starbucks set to pay tax – at last: Coffee giant bows to pressure from angry consumers and MPs Global coffee giant attempts to ward off backlash over accounting methodsPaid just 8.6m corporation tax in 14 years, despite 3bn in sales Firm has 'met with taxman to discuss paying more' Starbucks has only posted a profit from UK business once in 15 years | UPDATED: 12:24 GMT, 2 December 2012 Coffee giant Starbucks has bowed to mounting pressure and will start paying tax in the UK. The company, which has paid just 8.6million in corporation tax in the UK over 14 years – and none in the last three – is seeking to deflect a consumer boycott and increased taxman scrutiny by voluntarily increasing the amount it pays.