It was revealed
today that Starbucks have paid no corporation tax on their UK earnings over the
past three years and only a little over £8m since 1998. This has been achieved
by loading costs on the UK company and declaring large profits in low-tax
territories, putting local rivals in the UK at a competitive disadvantage. This practice, whilst legal, is thoroughly reprehensible,
and like the coffee leaves a bad taste in the mouth. Tuesday 16 October 2012
BITTER COFFEE
It was revealed
today that Starbucks have paid no corporation tax on their UK earnings over the
past three years and only a little over £8m since 1998. This has been achieved
by loading costs on the UK company and declaring large profits in low-tax
territories, putting local rivals in the UK at a competitive disadvantage. This practice, whilst legal, is thoroughly reprehensible,
and like the coffee leaves a bad taste in the mouth. 
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