Starbucks has paid almost no corporation tax on £1.2 billion worth of sales in Britain since 2009
Lucy Nicholson/Reuters
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1 of 1Starbucks has paid almost no corporation tax on £1.2 billion worth of sales in Britain since 2009 Lucy Nicholson/Reuters
American companies making billions of pounds of profit in Britain are paying an effective tax rate to the Treasury of only 3 per cent, according to analysis by an MP.
Charlie Elphicke, the Conservative MP for Dover, has called on George Osborne to force companies such as Google, Coca-Cola and Apple to have to state the effective rate of tax they pay on their UK revenues. Government contracts should be withheld from multinationals that did not pay their fair share of tax, he said.
Mr Elphicke has analysed company returns in the US and Britain from 19 global companies with
