Featured Posts

INVESTING IN GREEN STOCKS Rss

Starbucks Amazon

Posted on : 05-06-2013 | By : leeDS | In : General

Tags: , , ,

0

Agency managers were questioned by the public accounts Committee. Interrogations to the executives of the company were very hard. They condemn Google to pay more than 160,000 euros for defamation. Starbucks, Amazon, and Google company executives appeared before a British parliamentary Committee Monday that investigates alleged evasion of taxes of several multinationals in the United Kingdom. Managers of three US multinationals were interrogated by the Committee of public accounts of the British Parliament after the last few weeks have been accused of evading taxes in the United Kingdom by diverting their profits through offices in other countries which have better tax treatment. The parliamentary Public Accounts Committee accused in an aggressive interrogation Chief of global finance of known cafeteria Troy Alstead, handling the accounts of the company diverting profits through offices in the Netherlands and Switzerland.

The Starbucks coffee chain, installed in the United Kingdom Since 1998 and whose sales last year in the United Kingdom reached 398 million pounds (about 485 million euros, 615 million dollars), barely it has paid taxes since then to have declared losses in most of the exercises, according to members of the Commission. Alstead was defended by ensuring that Starbucks has only had profits in the United Kingdom in 2006 given high costs of rent, and insisted that there has been no tax evasion. The virtual Amazon store, the first in number of sales in the country, were found in a similar controversy and the Google search engine, which allegedly dodging their tax obligations by diverting their benefits through its companies in Luxembourg and Ireland respectively. Andrew Cecil, director of Amazon public policies, explained to the Committee that the European branch of the company earned a profit of 20 million euros (25.4 million dollars at current exchange rates) in 2011 although he was unable to specify what part belonged to their operations in the United Kingdom, which angered the deputies. The idea that you come here and don’t respond to our question claiming ignorance is appalling. I do not think you do not have that information. Your activity is here and you possibility not taxes. This really irritates us, snapped the Chairperson of the Committee, Margaret Hodge. See more: Starbucks, Amazon and Google are responsible in London for tax evasion

Comments are closed.