(Reuters) - Starbucks Corp <SBUX.O> Chief Executive Howard Schultz on Wednesday said the coffee chain is in talks about paying income taxes in the UK, despite the fact the company has not made a profit in that market for many years.
"We are engaged in discussions to make a contribution - despite the fact that we have not made a profit - that would legally put us in a position to pay income taxes," Schultz said in an interview with Reuters.
The Independent newspaper on Wednesday reported that Starbucks is close to a deal with HM Revenue & Customs that could see it pay between 5 million and 6 million pounds ($8.05 to $9.66 million) in corporate tax this year.
Starbucks repeatedly has said that it has been in compliance with UK tax laws.
Schultz did not elaborate and the company is expected to make a formal announcement on Thursday.
($1 = 0.6241 British pounds)
(Reporting by Lisa Baertlein in New York, editing by G Crosse)
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