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Starbucks tax commitment welcome start but they must pay fair share – Williams

December 6, 2012 4:03 PM
Originally published by East Midlands Liberal Democrats
Stephen WilliamsCommenting on the news that Starbucks has agreed to pay more corporation tax, Co-Chair of the Liberal Democrat Treasury Spokesperson, Stephen Williams said:
"I am glad that Starbucks has finally given in to public outrage and agreed to pay a fairer share tax in the UK. Other companies should follow suit. Over 12,000 people have joined my campaign for fairer taxes which called on a boycott until Starbucks took responsibility for its tax affairs.
"I look forward to seeing the detail of the proposal but welcome this first step. Reports of £10m are better than the zero pounds they paid for the last three years, but let's be clear - companies must pay their fair share of tax, not however much they feel like.
"The Coalition Government is taking a tough approach, investing heavily in clamping down on tax avoidance. For every £1 we spend on tackling avoidance we will get £7 back.
"Our message is clear: everyone, no matter how wealthy the company or individual, must play by the rules and pay their fair share. Those who don't will not get away with."
The Fairer Tax campaign is calling for companies to pay their fair share of tax and for tax cuts for ordinary workers.

The Coalition Government this week announced extra investment - £77m a year for each of the next two years - in HMRC to help secure an extra £2bn a year in unpaid tax. This extra investment is on top of the £900m already announced to deliver an extra £7bn a year in unpaid tax.

It was announced in the Autumn Statement that general Anti Abuse Rule will come into force next year.