Recent reporting by the Financial Times in relation to our tax affairs in the UK failed to include critical information from our filings and has created a false impression for your readers.

In “Starbucks European unit paid 2.8% UK tax last year” (September 19) the FT focused its reporting on only two UK entities rather than the five that exist. We would like the opportunity to set the record straight.

As our public filings clearly show, there are now five Starbucks companies headquartered in the UK since we moved our regional headquarters here several years ago. The effective rate of corporation tax paid by these UK businesses to the British exchequer is 25.3 per cent — substantially more than the UK’s corporation tax rate of 19.5 per cent.

We have acknowledged previous shortcomings in our tax obligations in the past, and have taken unprecedented efforts to change that including moving our regional headquarters to the UK. In the future, we would be grateful if the FT accurately states this effective tax rate.

Martin Brok
President, Starbucks Europe, Middle East and Africa

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