March 5 2015 Latest news:
Thursday, October 18, 2012
Protesters were outside Starbucks coffee shop on Haymarket in Norwich this morning in reaction to reports that the chain have not paid tax in the UK since 2009.
Norfolk Coalition Against the Cuts held a banner outside the shop demanding the coffee chain to “pay your taxes” after a Reuters investigation revealed the retailer has paid £8.6m in corporation tax since it opened in the UK in 1998 and has not paid any since 2009.
Ed Bober from Norfolk Coalition Against the Cuts said: “It is a scandal that international companies can avoid fair taxation because the government’s slack rules allow them to get away with it.”
He added: “Local small businesses face unfair competition from these international giants which have enough cash to open countless shops but somehow manage not to declare taxable profits.”
Trevor Phillips, 60, from the Earlham Road area and a member of the peaceful protest group, said: “In Norfolk at the moment public services are being cut as well as support for the elderly and disabled, and at the same time big international companies are paying little or no tax needed to go in to the economy.”
And Claire Stephenson, 38, leader of the Green Party on Norwich City Council said the company is “making all the money, but not paying their dues”.
What do you think? Leave your comments below.
With a reputation as one of the toughest people in business, many stores would shudder at the thought of getting the Mary Portas treatment.