Starbucks to open 100 new UK coffee shops as it pays less British tax

1 year ago 52

Investment suggests US-owned cafe chain will keep British arm despite report it was considering sale

Starbucks has revealed plans to invest £30m in the UK and open 100 new cafes, a year after it was reported to be considering selling the British arm of the coffee chain.

The investment plan came as the company reported it paid lower tax on its UK operations in 2022, even as gross profits surged, as royalty payments to other group companies expanded rapidly.

Continue reading...
Read Entire Article