Executives from some of the world's best-known companies struggled to defend their companies’ elaborate tax arrangements when grilled by MPs about alleged tax avoidance this week.
The head of Google UK and top managers from Starbucks and Amazon appeared before the Public Accounts Committee on Monday. All the companies have been fiercely criticised for paying little or no corporation tax in the UK despite large sales.
Although the companies’ tax arrangements are not illegal, committee chair Margaret Hodge commented: “We're not accusing you of being illegal, we're accusing you of being immoral.”
In October, Reuters revealed that Starbucks reportedly paid just £8.6m in corporation tax in the UK over 14 years - inclu...