Amazon, Google and Starbucks attacked by UK MPs over tax avoidance

Amazon, Google and Starbucks have been accused of an “immoral” use of secretive jurisdictions, royalties and complex company structures to avoid paying tax on British profits by a committee of MPs.A hard-hitting report released on Monday by the Commons public accounts committee, the parliamentary spending watchdog, also criticises HM Revenue & Customs for being “way too lenient” in negotiations with corporations which pay little or no corporation tax. It calls on the government to draw up laws to close loopholes and name and shame companies that fail to pay their fair share.
http://www.guardian.co.uk/business/2012/dec/03/amazon-google-starbucks-tax-avoidance

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