"UK Lawmakers Lambast ‘Outrageous’ And ‘Immoral’ Tax Dodging By Corporate Giants"
UK lawmakers blasted several American corporations today — including Starbucks, Amazon, and Google — as “outrageous” and “immoral” for avoiding taxes through a series of complicated schemes. “You pay no tax here and that really riles us,” said Margaret Hodge, chair of the public accounts committee. “People want to know why companies which benefit from an infrastructure paid for by them and are paying people low wages who receive taxpayer-funded tax credits from the exchequer are not paying their fair share,” she added. The companies take advantage of low tax rates in countries like Ireland and Luxumbourg to nearly eliminate their tax liability in the UK. Amazon, for instance, in the last three years “has generated sales of more than £7.6bn in the UK without attracting any corporation tax on the profits from those sales.”