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EU: Starbucks faces more taxes

By  |  February 11, 2015

Starbucks has seen an increase in profitability they however clain it had nothing to do with that the coffee chain had paid just £8.6m in corporation tax since opening.

The European Parliament has recommended setting up a temporary committee to look into tax arrangements agreed between member states and multinational companies. Last month, the new European commissioners for competition vowed to make tax competition within the EU “fairer and more transparent” and promised to revive the commission’s proposal for a common consolidated corporate tax base.

The moves are designed predominantly to address the state-aid cases involving Apple, Amazon, Fiat and Starbucks itself.

Full Content: The Financial Times

 

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