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Colin Stanbridge, chief executive of the London Chamber of Commerce and Industry, said: "This very positive move by Starbucks greatly reinforces London as a key global centre for business and a highly desirable location for firms to base their operations.

"Creating the right environment for businesses to flourish is essential to London competing at an international level and we are delighted that Starbucks has given the capital a ringing endorsement."

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Concern over the tax paid by the likes of Starbucks, Google and Amazon has drawn political attention to the question of how multibillion pound corporations structure their tax affairs.

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Saucony Bait Cruel World 6

" In the UK alone, we plan to open over 100 retail stores across the country this year, creating 1,000 Saucony Bait Cruel World 6 new, permanent jobs. We expect Saucony Grid 8000 Green

MPs in 2012 it had made a loss for 14 of the 15 years it had operated in the UK, achieving just a small profit in 2006.

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In a fiery showdown with the Commons Public Accounts Committee, Starbucks insisted it was ''an extremely high taxpayer'' globally and acted ''to an ethical'' as well as a legal standard, despite declaring losses on its UK operation.

The company told Saucony Casual Shoes

´╗┐Starbucks set to pay more tax in UK From St Helens Star

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as well. This move will mean we pay more tax in the UK."

The company said: " Today, our largest and fastest growing European market is the UK. As the coffee industry has grown, the UK and London specifically has become one of the most competitive coffee markets in the world.

Kris Engskov, Starbucks' president of Europe, the Middle East and Asia, said: "Closer proximity to our biggest market will be critical to our success as we grow our business across Europe and the globe."

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