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Starbucks agrees to pay corporate tax to UK after evading payments
US-based coffee giant Starbucks said Thursday that it will pay around £10 million in corporation tax in Britain in each of the next two years after lawmakers roasted the company for avoiding taxes. Kris Engskov, the managing director of Starbucks UK, made the announcement in a speech in London amid…
Obama jobs panel pushes tax reform, U.S. drilling
WASHINGTON (Reuters) – President Barack Obama’s jobs council is calling for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year. A panel of business leaders advising Obama…
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