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Critics said the move by the firm, who reportedly paid just 8.6million in corporation tax in the UK in the last 14 years, was a "blatant admission of guilt".
Amazon have a UK operation involving 15,000 staff, with a turnover of more than 200million but a tax bill of under 2million in Lv Belts White
They said: "We have listened to feedback from our customers and employees, and understand that to maintain and further build public trust we need to do more."
She said: "Global companies with huge operations in the UK generating significant amounts of income are getting away with paying little or no corporation tax here. This is outrageous and an insult to British businesses and individuals who pay their fair share."
HMRC claimed they had been "very successful in reducing tax avoidance" and added: "Corporation tax receipts are dependent on the wider economy and the rate set by Parliament, which was reduced by two percentage points for 2011 12."
The committee said Government were "way too lenient" with the firms amid evidence that despite huge sales in the UK, they were paying virtually no corporation tax.
the 15 years they have operated in the UK, making just a small profit in 2006. The coffee giant, who have more than 700 outlets in the UK, said they were looking at their "tax approach" in Britain.
Starbucks told MPs they made a loss in 14 of Guess Women's Belt Buckle
Hours before today's report was due to be published, Starbucks said they were in talks with the Government to pay more tax and accepted there was growing anger at their record.
Chancellor George Osborne also tried to fend off criticism of his Government's record by announcing yesterday that millions more will be spent chasing companies who fail to pay their fare share.
The committee found tax avoidance by big companies was "widespread". It said: "HMRC is not taking sufficiently aggressive action to assess and collect the appropriate amount of corporation tax from these multinationals."
MPs on the powerful Public Accounts Committee Quantity Gucci Belt
The report said Google who paid just 6million in tax last year accepted profits should be taxed in the countries where generated but "undermined their own argument" because they export profits made outside the US to Bermuda, a tax haven.
He plans to bolster the tax team that deals with multinationals.
said ordinary businesses were being forced to pay higher tax bills to cover the millions unpaid by the giant multi nationals.
She added: "HMRC should be challenging this but its response so far to these big businesses and their aggressive tax planning has lacked determination and looks way too lenient."
Hodge called for firms that abused the system to be "named and shamed".
THE Government are failing to stop "outrageous" tax avoidance by Starbucks, Amazon and Google, a damning report has revealed.
But Margaret Hodge, who chairs the accounts committee, hit out at the Government's record.
against global firms as Starbucks reveal they
Starbucks have generated 3billion of sales in Britain since Hermes Belt Mens Black 1998 but have paid less than one per cent in corporation tax.
The company's chief financial officer, Troy Alstead, already faced a grilling by the accounts committee earlier this month.
But Jane Harvey, of activist group UK Uncut, said: "Starbucks' announcement is a blatant admission of guilt that they have intentionally avoided tax in the UK for years."
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