MPs to examine Starbucks tax

Two parliamentary committees are due to quiz tax officials about how Starbucks was able to avoid paying tax on £1.2bn of sales since 2009. MPs said reports that showed Starbucks had been telling investors its UK unit was highly profitable while telling UK authorities the unit was loss making, and so not liable for tax, undermined public trust in the tax system. Margaret Hodge, chair of the Public Accounts Committee, is among several MPs who said they wanted HMRC to launch an investigation.