We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedGovernance

Multinational execs to appear before UK tax committee

Google, Amazon and Starbucks executives to be quizzed by MPs

Article comments

Senior finance executives from some of the world’s leading multinational companies are to appear before the UK Public Accounts Committee (PAC) to answer questions on corporate tax payments.

The PAC, chaired by MP Margaret Hodge, will quiz executives from the UK operations of Google, Amazon and Starbucks, it was confirmed on Monday.

Matt Brittin, the chief executive of Google UK, Starbucks chief financial officer Troy Alstead and Amazon's director of public policy Andrew Cecil, are expected to give evidence to the committee.

In recent months all three companies have been accused of paying minimal or no tax on theIR British earnings. The discussion is expected to centre around the issue of tax avoidance by their regional units in a cross jurisdictional manufacturing, supply, purchase and sales chain.

The recent inquiry was triggered by a recent Reuters’ investigation which revealed that Starbucks has reportedly paid a mere £8.6 million in corporation tax in the UK over a period of 14 years. Subsequently, several news reports alleged that Google, Amazon, Facebook, Apple and eBay had employed UK tax loopholes to mitigate domestic corporation tax levies.

In wake of the revelations, all the aforementioned companies have stated that they had complied with existing UK laws and met all their obligations on domestic taxation. The hearing beings at 15:15 BST.


Recommended Articles


Multinational execs to appear before UK tax committee

What’s going to kill your company?

What’s going to kill your company?

The role of the CFO and the board in strategic risk governancemore ..

Tesco’s new finance chief starts two months early amid accounting crisis

Marks and Spencer releases Alan Stewart early by to help deal with £250 million hole in Tesco’s accountsmore ..

Microsoft removes Bing image widget after Getty lawsuit

The company is being sued by Getty Images for copyright infringementmore ..

Apple loses bid for sales ban in Samsung patent case

Apple failed to show that it suffered enough harm as a result of Samsung's infringementmore ..

What makes a good board report?

Examining how CFOs can improve the way they report back to the boardmore ..

Examining the issue of corporate litigation funding

Litigation funding is a very useful tool for CFOs but not a panacea for all legal mattersmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *