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Why Starbucks’ move to London won’t help the tax man Add to ...

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Starbucks Corp. is moving its European headquarters from Amsterdam to London and the firm’s EMEA boss insists that the reason has nothing to do with tax. “The U.K. is a great place to do business,” said Kris Engskov who commented that Starbucks would end up paying more tax in the U.K. after the move. That sounds like a strange tax logic for a corporate relocation but the coffee shop chain was accused of immorality by a committee of U.K. parliamentarians in 2012 after a Reuters investigation revealed that Starbucks had paid only £8-million ($14.8-million) to the U.K. exchequer since 1998, thanks to the shifting of royalty profits to its Netherlands holding company.

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