Comment on corporate tax avoidance in the UK: lawyer Marc Wadsworth

As some people are avoiding Amazon and querying Costa Coffee as a venue – “Is it paying taxes?” a search revealed the verdict of Marc Wadsworth, summarised here:

UK Uncut, a group that protests against corporate tax avoidance in the UK, said that Starbucks’ announcement was not enough… “The £10m that Starbucks has estimated it may end up paying is £5m less than that paid by their nearest competitor Costa coffee.” 

Costa Coffee (part of Whitbread), a UK-based international group, will be underpaying corporation tax in other countries and paying roughly the “right” amount in the UK.

Starbucks, a US-based international group, will be underpaying corporation tax in other countries (including the UK) and paying roughly the “right” amount in the USA.

 

 

 

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