Starbucks Pays $15.4 Million U.K. Corporation Tax Amid Backlash
This article is for subscribers only.
Starbucks Corp., the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business.
The company has paid 5 million pounds already and will pay the same amount later this year after forgoing unspecified tax deductions, according to an e-mailed statement. Starbucks, based in Seattle, will also pay 10 million pounds of tax next year.