Starbucks (SBUX) hears calls from a member of Britain's parliament to investigate how it avoids...


Starbucks (SBUX) hears calls from a member of Britain's parliament to investigate how it avoids paying taxes on a hefty portion of its sales in the United Kingdom. If a probe occurs, any resulting damage could be considered somewhat self-afflicted after the company told investors its unit in the U.K. was profitable while telling the taxing authorities the unit wasn't.

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  • zipit123
    , contributor
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    Watching this Brit Nigel on CNBC this morning making the point that calls to investigate SBUX is misplaced since all the tax rules and loopholes are done in Brussels for the entire EU. Parliament has no jurisdiction and would be a waste of time. Sbux is using their rules and is doing nothing illegal there. They're just looking to shake down the deep pockets to prop up their shortfalls and overspending.
    19 Oct 2012, 02:01 AM Reply Like
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