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November 12, 2012
Starbucks, Amazon and Google to face UK lawmakers over tax
Posted by Staff
Reuters:

UK lawmakers will quiz executives of Starbucks (SBUX.O), Google (GOOG.O) and Amazon (AMZN.O) on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here.

The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies.

"It is hard for the ordinary person to believe it's fair," said Margaret Hodge, a member of parliament for the opposition Labour party and chairman of PAC.
11/12/12 9:36 AM
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