Rain

Rain

max temp: 12°C

min temp: 8°C

ESTD 1874 Search

UK: Starbucks to move Europe HQ to UK

11:00 16 April 2014

Starbucks is moving its HQ to London

Starbucks is moving its HQ to London

Starbucks is moving its European headquarters from the Netherlands to the UK following a row over tax avoidance.

shares

The coffee shop chain announced it would “pay more tax in the UK” when its regional head office is relocated from Amsterdam to London by the end of the year.

A “modest” number of senior executives will move to London so the firm will be “better able to oversee the UK market”, the company said in a statement.

The regional offices of its Middle East and Africa businesses will also be moved to the UK capital.

Kris Engskov, Starbucks’ president of Europe, the Middle East and Asia, said: “Closer proximity to our biggest market will be critical to our success as we grow our business across Europe and the globe.”

Concern over the amounts paid by the likes of Starbucks, Google and Amazon has drawn political attention to the question of how multibillion-pound corporations structure their tax affairs.

The company told MPs in 2012 it had made a loss for 14 of the 15 years it has operated in the UK, achieving just a small profit in 2006.

In a fiery showdown with the Commons Public Accounts Committee in 2012, Starbucks insisted it was “an extremely high taxpayer” globally and acted “to an ethical” as well as a legal standard, despite declaring losses on its UK operation.

Last year the firm paid corporation tax in the UK for the first time since 2008, as it committed to pay £20m over two years.

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Sir John French: a colourful character and respected soldier

We’ve heard about the Suffolk men who fought at the battle of Neuve Chapelle.

Ipswich Crown Court

A 19-year old man who met up with a 13-year-old girl and exchanged text messages with her despite being given a police caution for kissing her several months earlier has been sentenced to 21 months youth detention.

St Edmundsbury Cathedral overlooking colourful displays in the Abbey Gardens

Suffolk’s most important religious building has been awarded a £300,000 Government grant to pay for urgent roof repairs.

Josephine Murphy

An 86-year-old woman who had gone missing from Clacton has been found safe and well

Aftermath of a barn fire in Holton.

A television antiques expert has appealed for help rebuilding his eco-friendly arts centre in Suffolk after a major blaze destroyed the historic sawmill that was to be its showroom and workshops.

Darsham Nurseries head chef Lola DeMille and chef Tom Eagle in the cafe where they are donating money from one of the dishes to the World Land Trust.

An international conservation charity based in Suffolk is one of three organisations to benefit from a new campaign raising awareness about the impact of meat production on health, welfare and the environment.

Suffolk County Council's base at Endeavour House

Up to 23 jobs could go in a major shake-up of Suffolk County Council’s education services.

Latitude Festival, at the Henham Estate near Southwold

Suffolk poet Luke Wright has seen the Latitude festival grow from a modest boutique gathering in 2006 to one of Britain’s biggest music and arts events.

The vandals tore through Bury St Edmunds

A drunken “night of madness” saw vandals rack up over £5,000 of damage to cars, pubs and property as they roamed the streets of Bury St Edmunds.

Fire crews

Firefighters tackled a lorry fire in Ipswich last night, after police reported the vehicle in Hatfield Road.

Most read

Most commented

Topic pages