Starbucks is a popular, and profitable, coffee chain operating in the UK. Jimmy Carr is a popular, and wealthy, UK based comedian.
Here’s a link to a story on the BBC website that reports Starbucks have paid £8.6m in corporation tax in the UK in the past 14 years – www.bbc.co.uk/news/business-19968132. I’m not a tax expert so don’t know if that is good or bad.
More Tax Stories for Companies Operating in the UK:
The Guardian, 21st October 2012 - Amazon makes UK publishers pay 20% VAT on ebook sales. This post also mentions the fact that Amazon had sales of more than £3.3 billion from its UK site in 2011 but no corporation tax was paid on any of the profits from that revenue.
The BBC, 21st October 2012 - eBay ‘pays £1.2m in UK tax’ on sales of £800m.
A common thread in all of these stories is the fact that the companies in question are complying with UK laws. Perhaps it’s time the Government reviewed the law then?
