Arab Today, arab today starbucks \will pay more tax\ in uk after europe hq shift
Last Updated : GMT 15:48:54
Arab Today, arab today
Arab Today, arab today

Starbucks \'will pay more tax\' in UK after Europe HQ shift

Arab Today, arab today

Arab Today, arab today Starbucks \'will pay more tax\' in UK after Europe HQ shift

London - AFP

Starbucks said on Wednesday it was re-locating its European headquarters from the Netherlands to Britain a year after the US coffee giant was heavily criticised by British lawmakers for tax avoidance. The company, the world's largest coffee shop chain, said it would pay more tax in Britain as a result of the re-location, which is expected to take place at the end of the year. Britain is the group's largest and fastest-growing market. Starbucks expects to open another 100 outlets there this year. "By making this move, our senior leaders will be better able to oversee the UK market in which over half of our European stores -- employing more than 7,500 employees -- are located," the company said in a statement. "This move will mean we pay more tax in the UK." Starbucks and a number of other multi-national companies, including Amazon and Google, have come under pressure from politicians and campaigners over their tax affairs. In 2012, Starbucks acknowledged it had not paid any corporation tax in Britain on sales worth £400 million (485 million euros, $670 million) between 2009 and 2012. It was able to do so by paying fees to other areas of its business -- such as "royalty payments" for the use of the brand -- which resulted in the company posting a series of losses. It has reported profit only once since it entered the British market in 1998. Last year, in the face of a public backlash over its tax arrangements in Britain, Starbucks agreed to pay £20 million in instalments of corporation tax, adding it had "listened" to its customers. The announcement came after British Prime Minister David Cameron launched a crackdown in 2012 to tackle tax avoidance, which is legal, and illegal tax evasion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today starbucks \will pay more tax\ in uk after europe hq shift Arab Today, arab today starbucks \will pay more tax\ in uk after europe hq shift

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today starbucks \will pay more tax\ in uk after europe hq shift Arab Today, arab today starbucks \will pay more tax\ in uk after europe hq shift

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday