Starbucks has used accounting tricks to pay almost no UK tax on the millions of coffees, sandwiches and cakes bought by the British public for the past decade, it was revealed yesterday. An investigation showed the coffee company has paid only £8m in corporation tax to HMRC in the 14 years since it arrived on British high streets, despite generating sales of £3bn. Starbucks UK's accounts show that it has minimised its tax burden by officially recording losses of tens of millions of pounds year after year. Yet in its briefings to stock market investors and analysts over the past 12 years, the Seattle-based firm has consistently stated that its UK unit is "profitable" â and three years ago even promoted its UK head, Cliff Burrows, to run its much larger US operation. According to an investigation by Reuters, the anomaly can be explained by the use of legal accounting techniques which leave the coffee company paying HMRC proportionately less tax than other food and drink firms such as McDonald's and KFC Read more: http://www.belfasttelegraph.co.uk/n...-in-uk-since-2009-16224882.html#ixzz29SyXNe2R Ps. Anyone who has asked for something like a quadruple ****ing Latte is a raging mad homosexual.
They should really re-think the corporate design of their vans as well. please log in to view this image
I hate coffee shops. When I do venture in I refuse to use their dumbass terminology. "I'll have a medium sized black coffee, please." "Vente Americano?" (or whatever the **** it is) "Medium. Sized. Black. Coffee."
This is business and every political party regardless of colour or history will do nothing to prevent this happening. Same goes for all the others like Vodafone who don't cough up the right amount of tax, they are above the laws that you and I may have to stick to. In the meantime we are all paying higher fuel bills (Tories sold off British Gas & Thatcher shut the coal industry down) sold off British Rail (we are now paying through the nose for train travel) sold of British Telecom not long before the boom in global communications and mine will be an un-surprised face when we flog off the NHS to the French. If there are loopholes to jump through the likes of Starbucks will be quick to make the leap. Their cheese & Marmite toasties are lovely by the way.
