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Starbucks, Amazon, Google accused of tax-dodging
Posted By -NO AUTHOR- On 11/12/2012 @ 11:45 am In Money | No Comments
(REUTERS) — UK lawmakers will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here.
The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies.
“It is hard for the ordinary person to believe it’s fair,” said Margaret Hodge, a member of parliament for the opposition Labour party and chairman of PAC.
“It makes people incredibly angry in the current fiscal climate,” she added, in reference to the austerity measures which large budget deficits have forced on the UK, and other countries.
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