A trio of multinationals are to face a grilling over their controversial tax arrangements by MPs on the Public Accounts Committee - led by Margaret Hodge - whose own family business paid just 0.01% on £2.1bn of business generated in the UK.
The Labour MP, about to quiz senior figures from Starbucks, Google and Amazon at 3.15pm today, is now being asked a series of embarrassing questions over the taxes paid by Stemcor, the privately owned steel trading company set up by her father and run by her brother in which she has shares.
The Telegraph revealed that Stemcor paid just £163,000 tax on revenues of more than £2.1bn in 2011. The company's tax bill to the exchequer is equivalent to just 0.01% of the revenues it booked through its UK-based business.
Despite amassing around a third of its revenues in Britain, Stemcor only paid 2.7% of its global tax bill in the UK.
Stemcor, which was founded by the MP's father, Hans Oppenheimer, over six decades ago is the sixth largest private UK company by turnover. It boasts over 2,000 employees across 45 countries and amassed £6bn in sales.
Most of Stemcor's shares are controlled by her family and Hodge declares a 'registrable shareholding' in the company, run by her brother Ralph, its executive chairman.
Hodge said Stemcor did not try to 'hide information' and that this was a clear difference between Stemcor and Starbucks.
Hodge is set to question Troy Alstead, the global CFO of Starbucks - the US company paid no UK taxes for the past three years, despite sales of £1.2bn.
Also scheduled to appear are Matt Brittin, Google UK's CEO and Andrew Cecil, director of public policy at Amazon.
The Starbucks row broke last month following a Reuters report which revealed the UK operation had made a loss of £52m in its 2009 accounts field at Companies House, despite it telling investors that the UK company was 'profitable'.