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Coffee giant Starbucks has paid £5m in UK corporation tax - its first such tax payment since 2009 - the company has announced. A company spokeswoman said it had listened to its customers and would pay another £5m later this year
Starbucks has only reported taxable profit once in 15 years in the UK.
Starbucks reportedly paid just £8.6m in corporation tax in the UK over 14 years and nothing in the last four years - despite sales of £400m last year.
Originally posted by gladtobehere
reply to post by SearchLightsInc
I could are less if Starbucks or any other corporation pays taxes.
My only concern would be for me to pay nothing as well.
TBH, income taxes were only meant to be paid by corporations not individuals. In essence, the money is being double taxed.
Originally posted by KingIcarus
That's very big of them.
Incidently, a colleague of mine's kid works at Starbucks. When he started, his contract stated that - once trained - he had to stay with the company for (iirc) 6 months, or he'd be deducted £300 to cover his training.
So, it's a terrible crime for a 16 year old to deprive Starbucks of money, but AOK to rip off the British tax payer.
Originally posted by KingIcarus
reply to post by SearchLightsInc
No need to feel sorry for the kid, he's got a bright future - he's just pouring coffee so he doesn't have to ask his old man for pocket money.
The recession really has allowed the 'you're lucky to have this job' attitude to creep into the UK though. You can bet that executive wages haven't been frozen since 2008 though.
Originally posted by SearchLightsInc
Im no expert, but whether you're making a profit or not, business should be taxed, no?
Originally posted by SearchLightsInc
Just seems silly that our government and their customers are ASKING THEM NICELY to pay their tax instead of forcing them to. If you're not gonna pay tax, you shouldnt be allowed to trade in this country, how simple does it have to be?
Originally posted by SearchLightsInc
Are the lunatics running the asylum!?
Originally posted by SearchLightsInc
I never buy coffee from star bucks and this is reason enough for me to never enter into one of their stores again. What a joke. Thanks for paying your tax, much appreciated, here's a pat on the back and a lolly pop - Keep you sweet so you'll agree to pay it next year.
Originally posted by EA006
I think Britain needs a leader with some balls.
Originally posted by EA006
Start jailing people for tax evasion and corporate fraud.
Originally posted by supamoto
It just amazes me that our UK gov taxes us citizens silly, cuts public spending ruthlessly, pursues little people for pennies & all the time giant worldwide corporations pay little or nothing into our economy while making hundreds of millions from us.
I wonder whose interests the UK gov. serves?
Originally posted by stumason
Originally posted by EA006
I think Britain needs a leader with some balls.
Agreed....
Originally posted by EA006
Start jailing people for tax evasion and corporate fraud.
Again, agreed, but many of these businesses are operating within the law, so really our ire should be directed at the Politicians who are responsible for such things who deflect the bad press at the Corps, yet do sod all to plug the loopholes they themselves will benefit from when they retire onto the board of one of these very Corps they have singled out for demonisation....edit on 24/6/13 by stumason because: (no reason given)
Originally posted by SearchLightsInc
reply to post by stumason
So far they've paid 5 million and are due to pay another 5 million, in good faith. Last year alone they made 400 million in profit. They might be operating within the law but cmon now, put back into the system, dont be tight.
Originally posted by uncommitted
Originally posted by SearchLightsInc
reply to post by stumason
So far they've paid 5 million and are due to pay another 5 million, in good faith. Last year alone they made 400 million in profit. They might be operating within the law but cmon now, put back into the system, dont be tight.
Have you ever paid or received money 'cash in hand' to avoid VAT for a bit of let's say building or plumbing work? If you haven't then you are probably either lucky to have never needed to or unlucky for not being given the option. Each time anyone of us does this then we are avoiding paying tax, I wonder how much that would add up to.
I'm not saying what Starbucks is doing is morally right, but legally sadly it's something they can more to international (not country specific) tax laws and we all seem so shocked because of the scale of avoidance rather than the actual act.