All articles by Umesh Ellichipuram

Umesh Ellichipuram

Starbucks UK receives tax credit in 2020 despite US parent earning profit

Starbucks secured a tax credit of $6.1m (£4.4m) in the UK because of losses it suffered in 2020 due to the Covid-19 pandemic, despite the coffee chain’s US parent company earning a profit of $1.2bn (£870m) during the same period.