‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, say campaigners
Starbucks paid a “derisorily low” £7.2m in UK corporation tax last year despite making a gross profit of £149m on sales of £548m in Britain.
Its UK division, which has faced years of criticism for paying very little to the Treasury, paid £40.4m in royalty and licensing payments to a parent company, more than five times the amount it paid in tax to HM Revenue and Customs.
