- Thanks received
- 1,318
"Starbucks threatens to suspend investment over Britain's 'unfair' tax attacks"
Kris Engskov, the multinational’s UK managing director, demanded talks at Downing Street after the Prime Minister said tax-avoiding companies had to “wake up and smell the coffee”.
Mr Cameron’s use of the phrase at the World Economic Forum in Switzerland last week was taken as a direct attack on Starbucks which has been criticised for not paying corporation tax in Britain.
Mr Engskov was so concerned about the “politicisation” of the tax issue that he asked for the talks at No 10, where he met officials last Friday. Starbucks argues that it makes no profits in the UK and so is not required to pay the tax. “The PM is singling the business out for cheap shots, a company that, it should not be forgotten, has pledged to pay tax now and into the future,” said a source close to the firm. "
Mr Engskov told No 10 officials that Starbucks was the only foreign-based company to attempt to tackle the tax issue, by agreeing voluntarily to pay additional tax of at least £20 million over the next two years. Once it enters profit — which could be in three years — it will automatically pay corporation tax, executives said. "
Starbucks threatens to suspend investment over Britain's 'unfair' tax attacks - Telegraph
So there you have it - it's totally unfair to point out that somebody who makes lots of money by diverting them offshore is unfairly dodging taxes other compaines based in UK have to pay
Kris Engskov, the multinational’s UK managing director, demanded talks at Downing Street after the Prime Minister said tax-avoiding companies had to “wake up and smell the coffee”.
Mr Cameron’s use of the phrase at the World Economic Forum in Switzerland last week was taken as a direct attack on Starbucks which has been criticised for not paying corporation tax in Britain.
Mr Engskov was so concerned about the “politicisation” of the tax issue that he asked for the talks at No 10, where he met officials last Friday. Starbucks argues that it makes no profits in the UK and so is not required to pay the tax. “The PM is singling the business out for cheap shots, a company that, it should not be forgotten, has pledged to pay tax now and into the future,” said a source close to the firm. "
Mr Engskov told No 10 officials that Starbucks was the only foreign-based company to attempt to tackle the tax issue, by agreeing voluntarily to pay additional tax of at least £20 million over the next two years. Once it enters profit — which could be in three years — it will automatically pay corporation tax, executives said. "
Starbucks threatens to suspend investment over Britain's 'unfair' tax attacks - Telegraph
So there you have it - it's totally unfair to point out that somebody who makes lots of money by diverting them offshore is unfairly dodging taxes other compaines based in UK have to pay
