Google, Amazon, Starbucks face tax scrutiny in U.K.
If a firm can generate billions of dollars in sales and only pay minimal tax rates, is it fair?
Reuters reports that executives from Google, Amazon, and Starbucks will be queried today by the U.K.'s Public Accounts Committee.
The questions that will arise are whether these firms are conducting themselves fairly in light of the current economic climate, and whether the amount of tax paid in the U.K. by each company is acceptable when they make millions abroad -- or use legal maneuvering to pay as little as possible when the taxman comes knocking.
The Public Accounts … Read more