UK committees to examine Starbucks tax strategies


LONDON: Two British parliamentary committees are due to quiz tax officials about how Starbucks was able to avoid paying tax on 1.2 billion pounds ($1.93 billion) of sales since 2009.

Lawmakers said a Reuters report that showed Starbucks had been telling investors its British unit was highly profitable while telling authorities the unit was loss-making, and thereby not liable for tax, undermined public trust in the tax system.

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