Friday, March 08, 2013

Boycott Starbucks - make a difference - or do nothing.


Coffee drinkers not the taxman forced Starbucks 

to start paying tax in Britain, Treasury minister admits

  • Global coffee giant attempts to ward off backlash over accounting methods
  • Paid just £8.6m corporation tax in 14 years, despite £3bn in sales but has now 'met with taxman to discuss paying more'
  • Starbucks has only posted a profit from UK business once in 15 years
  • Chief Secretary to the Treasury Danny Alexander says u-turn is the result of 'public pressure'


The company, which has paid just £8.6million in corporation tax in the UK over 14 years - and none in the last three - is seeking to deflect a consumer boycott and increased taxman scrutiny by voluntarily increasing the amount it pays. 
Starbucks has been trading welll but it has posted a profit from its UK business only once in 15 years
Starbucks has been trading well but pays little in UK tax because of legal accounting techniques
The move comes amid a storm of anger surrounding the low levels of UK tax paid by Google, Amazon and other major international corporations.