The chief financial officer of Starbucks has told MPs that the coffee giant has continually made a loss in the UK - but was told his claim "doesn't ring true".
The Commons Public Accounts Committee (PAC) is questioning representatives of Amazon, Google, and Starbucks about the amount of tax they pay in the UK.
When grilled by Labour MP Margaret Hodge, head of the PAC, Troy Alstead, Starbucks' chief financial officer, said the company had only made a profit once in the 15 years it has been doing business in the UK.
"I assure you we are not making money," he told the committee.
"It's very unfortunate. We're not at all pleased about our financial performance here. It's fundamentally true."
Ms Hodge replied: "It doesn't ring true. You've run the business here for 15 years and you're losing - and you're carrying on doing business here."
Starbucks reportedly paid just £8.6m in corporation tax in 14 years of trading in Britain.
It was also revealed it paid no corporation tax for the past three years, despite sales of £1.2bn in the UK.
The PAC, which is charged with monitoring government financial affairs, invited the companies to give evidence amid mounting concern about tax avoidance by big international firms.
Earlier, the coffee giant's UK managing director, Kris Engskov, told Sky News last month the firm had no plans to change its tax arrangements.
Matt Brittin, the chief executive of Google UK, and Andrew Cecil, Amazon's director of public policy, are also giving evidence to the committee.
Google's UK unit paid just £6m to the Treasury in 2011 on revenue of £395m, according to The Daily Telegraph.
Earlier in the year, The Guardian reported Amazon - Britain's largest online retailer - generated UK sales over the past three years of between £7.6bn and £10.3bn, but paid virtually no corporation tax.
The three firms are among several which have had their tax affairs put under the spotlight recently.
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