Starbucks (SBUX) reportedly will hold back $158M pegged for investments in the U.K. after...

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stephenogrady Comment (1)
 
Singled out, SBUX are feeling hurt? Thank-fully the UK PM & many others do not tolerate tax avoidance and more so bully boy management Mr.SBUX.... Hopefully many government around the world are reviewing SBUX trading and tax payments.....including the Vietnamese
28 Jan, 06:05 AM Reply Like

Pinocchio1 Comments (206)
 
You are assuming govt will make good use of these taxes
In reality much of these funds are used to buy special-interests behind the votes needed to maintain their coalition.
I am not sure anymore which is worse
28 Jan, 06:45 AM Reply Like

luke_mclachlan Comments (6)
 
tax avoidance is simply cost-cutting and the subject should be taken-up by every serious company ! So long as it doesn't become evasion ! SBUX has created an enormous amount of tax revenue for the British government in the form of VAT and income tax, as well as contributing to GDP (not to mention the £10m "windfall tax"), and so their presence in the UK should be welcomed !
However I think their coffee tastes awful :-) I'm more of a Harris & Hoole guy, 49 % owned by TSCO :-)
28 Jan, 06:44 AM Reply Like

nguyenvanphuoc Comments (200)
 
Is it the responsibility of a corporation to seek out and pay as much tax as possible? Or is it their responsibility to judiciously manage and, where possible, reduce expenses - including taxes?

If you want them to pay more tax then change the tax law. Government passing judgement on how a successful company operates within their country is fairly laughable.
28 Jan, 06:56 AM Reply Like

The Mighty Wart Comments (101)
 
They serve bad coffee, pay shitty wages and reduce their tax bills by questionable and very sophisticated loopholes. Most of their staff are foreigners any way (polish and more recently Spaniards) so it’s not that they are contributing a lot to the labour market.

Why welcoming then? The same apply to Costa and Nero btw but at least they serve better lattes.
28 Jan, 06:56 AM Reply Like

nguyenvanphuoc Comments (200)
 
So instead of whining about it, close the loopholes. And maybe you can look into a much more restrictive immigration policy - seems like you don't care for Poles or Spaniards.
28 Jan, 07:44 AM Reply Like

The Mighty Wart Comments (101)
 
I agree. It’s not about restricting immigration to poles, Spaniards, etc. They can come and work and do what they want. My point is that SBUX sell themselves as a big contributor to the economy when in fact they are not. They keep rents extremely high in the high streets making for a very non-diverse ecosystem. It’s all chains now, the small merchant cannot afford being there. It’s easy to connect the dots now, they can probably afford be in the most expensive roads in the UK selling shitty items for £2.99 because they squander all the money away. Keep competition away by not paying taxes. What is the net gain here?
28 Jan, 08:03 AM Reply Like

Ralpher Comments (2)
 
If you look at SBUX 10-K you will see that they one of they highest tax rates of any company - just not in the UK. Because really do make much profit in the UK and because they other EU countries have used more enlightened tax policy to attract businesses.
28 Jan, 11:21 AM Reply Like

jackooo Comments (1122)
 

The Mighty Wart

You have some shitty posts. Get an education so you can express yourself less shitty!!!
28 Jan, 12:15 PM Reply Like