Starbucks roasted by British lawmakers over tax stance

British lawmakers grilled global coffee giant Starbucks over its tax policies on Monday, arguing that claims that its British division was unprofitable “just doesn’t ring true”.

The Public Accounts Committee – a panel of British lawmakers – also put top managers from US online retailer Amazon and Internet search giant Google under the spotlight over the amounts of tax paid in Britain.

Troy Alstead, Starbucks global chief financial officer, told lawmakers that the chain was “an extremely high tax payer” globally and denied tax avoidance.

via Business feed http://www.scmp.com/business/companies/article/1081318/starbucks-roasted-british-lawmakers-over-tax-stance