Starbucks (SBUX) CEO Howard Schultz says the company is in talks to start paying income tax in...

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX) CEO Howard Schultz says the company is in talks to start paying income tax in the U.K. even though "we have not made a profit" in the country. It's a claim that has been met with derision in Britain and contradicts statements to investors. Starbucks is reportedly in talks to pay a tiny £5-6M in corporate tax this year and is expected to make an announcement today.