Tag Archives: Richard Murphy

Tax avoiders have hell to pay

Campaign groups, newspapers, MPs and even the European Commission are on the warpath. Can companies afford to keep dodging the Revenue? In December, Starbucks declared its largest ever UK profit and its biggest tax bill. Three years after the company was shamed for avoiding tax, the announcement appeared, as the Financial Times reported, “to draw…
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Starbucks accused of tax avoidance

THE COFFEE chain Starbucks has reportedly paid just £8.6m in corporation tax in the UK over the last 14 years.     News agency Reuters carried out a four-month investigation looking at how the company was able to tell investors that is was profitable, even though it was consistently reporting losses. It concluded that it…
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Tax for Mac

MCDONALD’S HAVE become the first Olympic sponsor to refuse their Olympic tax break.   The move follows revelations by Ethical Consumer magazine and also pressure from the online campaign group 38 Degrees.   Under HMRC rules the Olympic site in East London has now become the world's latest tax haven. The result is that most…
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