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| Starbucks to move European HQ to UK | Starbucks to move European HQ to UK |
| (about 1 hour later) | |
| Starbucks is to move its European head office from Amsterdam to London by the end of the year, following a row over corporate tax avoidance. | Starbucks is to move its European head office from Amsterdam to London by the end of the year, following a row over corporate tax avoidance. |
| "This move will mean we pay more tax in the UK," the company said. | "This move will mean we pay more tax in the UK," the company said. |
| The relocation will concentrate a "modest number of senior executives" in its London operation. | The relocation will concentrate a "modest number of senior executives" in its London operation. |
| The US coffee giant said its leaders would "better oversee the UK market" from the capital, adding that the UK was its largest European market. | The US coffee giant said its leaders would "better oversee the UK market" from the capital, adding that the UK was its largest European market. |
| Last year, Starbucks paid £5m in corporation tax, its first such tax payment since 2009. | |
| The move followed pressure from politicians and campaigners. | |
| Part of the tax avoidance row centred on Starbucks transferring money to its Dutch sister company in royalty payments. | |
| Starbucks' chief financial officer told a committee of MPs in 2012 that a tax deal struck with Dutch authorities had been "an attractive reason" for basing operations there. |