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The U.K. parliament's Treasury Select Committee could launch an investigation into tax avoidance...

The U.K. parliament's Treasury Select Committee could launch an investigation into tax avoidance by major U.S. companies and look at how to recalibrate the law to end or at least reduce such avoidance. Starbucks (SBUX) hasn't paid any U.K. taxes for three years, while Amazon (AMZN), Facebook (FB) and Google (GOOG) have paid under £30M combined despite sales of £3.1B. (See Apple)
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  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Maybe countries are going to have to move to tax corporate sales instead of corporate income. Too many ways to manage reported income and much less ways to manipulate sales.
    5 Nov 2012, 07:25 AM Reply Like
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