Starbucks has been roasted after its tax bill fell by half last year – even though annual profits were up by more than £13million.
Gross profits by the coffee chain’s UK arm rose 24 per cent to £69.9million. But it paid just £1.9million in corporation tax, down from £4million in 2018.
The fall was because of administrative expenses, including £26.4million in royalty payments to the coffee firm’s US parent, which left it with a loss of £6.6million.
Campaigners and MPs want global tax reforms so giant firms pay more in countries where they make their money. George Turner, executive director of Tax Watch, said: “Starbucks made great fanfare of the fact that it moved its headquarters to the UK a few years ago, highlighting that this would lead
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