Kris Engskov, the multinational’s UK managing director, demanded talks at Downing Street after the Prime Minister said tax-avoiding companies had to “wake up and smell the coffee”.
Mr Cameron’s use of the phrase at the World Economic Forum in Switzerland last week was taken as a direct attack on Starbucks which has been criticised for not paying corporation tax in Britain.
Source: Sunday Telegraph.
The media’s attacks on Starbucks, Google, Amazon, etc, are based on a deliberate confusion between “income” and “profits” and a failure to mention the tax framework of the EU. They have also successfully elided tax avoidance (complying with the law) into tax evasion (breaking the law) in the popular mind. No individual or company in their right mind would fail to use use legal means to minimise their exposure to tax.
That, however, is as nothing to the tax zombies who would be happy to drive any company out of the UK in the interest of their supposed “fairness”.