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Starbucks forced into tax offer


Starbucks forced into tax offer


Public anger and calls for boycotts have forced Starbucks to offer to pay more tax in Britain.

The coffee chain will change its accounting practices, after criticism from MPs, campaigners and the media over the fact that it reported losses in 14 for the last 15 years in the UK even as it told investors the operation was profitable.

“We are making a commitment that we will propose to pay a significant amount of corporation tax during 2013 and 2014 regardless of whether our company is profitable during these years,” Starbucks’ UK managing director Kris Engskov said in a speech to the London Chamber of Commerce.

Campaigners were not appeased, pointing out Starbucks’ pledge would still see it paying less than its nearest UK competitor.

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