Starbucks responds
■ Recent reporting by The Mirror in relation to our tax affairs did not accurately reflect the amount of tax paid by Starbucks in the UK and our effective tax rate. We would like to set the record straight. As our public filings clearly show Starbucks paid £13.7million of tax in the year to October 2017, an effective rate of corporation tax to the British exchequer of 25.3% – substantially more than the UK’s corporation tax rate of 19.5%.
We have acknowledged previous shortcomings in our tax obligations in the past and have taken unprecedented efforts to change that including moving our regional headquarters to the UK.
The Financial Times, who first reported the incorrect statistics, published a letter on November 16, 2018, clarifying this matter. Martin Brok, president, Starbucks Europe, Middle East and Africa