DutchNews.nl, Thursday
28 March 2013
The coffee
company’s chief financial officer told a British parliamentary inquiry in
November he was bound by confidentiality agreements not to say what tax rate
Starbucks pay in the Netherlands.
But junior
finance minister Frans Weekers has now told parliament this is not true and
companies are not required to keep tax agreements secret.
‘There is
no hindrance from the Dutch government or tax authorities for individual
companies to publicise their arrangements,’ the FT quoted the minister as
saying. Weekers also said he is to contact the British parliamentary committee
to make this clear.
Dutch
hearings
According
to the FT, Dutch MPs are to press Starbucks to explain its tax rulings in the
Netherlands at hearings of their own.
Starbucks'
European headquarters and its roasting facility for Europe, the Middle-East and
Africa are located in Amsterdam.
British MPs
are angry Starbucks UK pays a 4.7% fee to the coffee giant's Dutch arm for the
right to use its branding and coffee recipe. The fee, which the paper says has
been as high as 6%, reduces its UK tax bill.
Earlier
stories
- Spanish, Italian, Portuguese firms use Dutch tax route
- Research into tax schemes is biased, say critics
- Multinationals and French state firms use Dutch tax deals
- Starbucks under fire in Britain over Dutch tax deal
- EU wants an end to letterbox companies
- Letterbox companies largely exempt from tougher rules
- The Netherlands is a popular tax haven for FTSE 100 firms
- Holland no longer a US tax haven
- More tax levied over tax haven income
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Starbucks to review UK tax arrangements
“.. A 6% premium had previously been charged by the business in the Netherlands. But this was negotiated down to 4.7% by Starbucks and the Dutch authorities. A similar negotiation could take place with HMRC. …”
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Starbucks agrees to pay more corporation tax
Vince Cable criticises Starbucks over 'tax dodging'
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Starbucks avoiding tax has a knock-on effect on homegrown business
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