Call in Britain to end firms' tax dodges
Posted on December 02, 2012 at 23:42 PM EST
Call in Britain to end firms' tax dodges Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 8:43 p.m., Sunday, December 2, 2012 Major multinational companies including Starbucks, Google and Amazon are guilty of immoral tax avoidance, a committee of British lawmakers said Monday, while Starbucks announced it is reviewing its British tax practices in a bid to restore public trust. Parliament's public accounts committee said the government should clamp down on multinationals that exploit tax laws to move profits generated in Britain to offshore domains. "Global companies with huge operations in the U.K., generating significant amounts of income, are getting away with paying little or no corporation tax here," said Labor legislator Margaret Hodge, who chairs the all-party committee.
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