Transnational companies like Starbucks, Google, Microsoft, eBay, Amazon and others use complex corporate structures to shift profit, avoid taxes.
Apple has parked billions of its global profits in Jersey, has no physical presence.
UK does little to challenge.
Instead, people are bashed.
Apple has parked billions of its global profits in Jersey, has no physical presence.
UK does little to challenge.
Instead, people are bashed.
Comments
If Amazon had to do this they would either absorb the extra cost (haha) or pass it on to the consumer, this would make them less competitive and would benefit UK businesses that do pay their share.
In the fiscal year ending October 2023, Starbucks Coffee Company (UK) generated £547.7 million in total revenue and a £149 million gross profit. How much tax did they pay here?