Multinationals tax affairs under UK government spotlight

euronews Videos12 November 2012

The United Kingdom government has its eye on coffee. There is mounting concern in the United Kingdom that Starbucks is not paying its way, with the company racking up millions of euros in sales but reportedly paying little tax.

Its chief financial officer along with senior executives from Google and Amazon were questioned by MPs on the Commons Public Accounts Committee.

Sources have said Amazon – Britain’s largest online retailer paid virtually no corporation tax in the past three years on sales of around 12 billion euros. A company official revealed it has been hit with a 198 million euro demand from the French tax authorities which the company said it will contest.

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