(KCEN) -- Starbucks could pay more than 32 million dollars in corporation tax in Britain over the next two years.
The announcement by the coffee chain follows weeks of attacks in the media and Parliament after a story broke in October that it paid no corporation tax in Britain.
Starbucks has been telling investors its UK business was highly profitable, but reporting a loss.
The company says it acted within the letter of the law and was not hiding profits from the tax authorities.
A Starbucks spokesman said the company served about two million British customers a week, but had problems generating profits due to high rents and rapid expansion.