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The U.K. parliament's Public Accounts Committee [PAC] is due to question execs from Starbucks...

The U.K. parliament's Public Accounts Committee [PAC] is due to question execs from Starbucks (SBUX), Google (GOOG) and Amazon (AMZN) today about how they use loopholes and offshore subsidiaries to pay so little in tax despite generating huge sales. Google, for example, last year paid just £3.4M on sales of $4B despite a group-wide margin of 33%, while Amazon paid under £1M on sales of $5.3B-$7.2B.
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