UKC

Or just trying to make noises that they are Doing their Bit with paying their share of Corporation Tax?

http://uk.news.yahoo.com/starbucks-pledges-action-over-uk-tax-affairs-11291...

In reply to The Lemming:

From your post title I thought they'd announced they were going to serve drinkable coffee.

It looks and smells like a PR stunt, honestly. On paper Starbucks make little profit (and thus pay less tax) because they pay a heavy "franchise fee" to Starbucks Europe. The odds are that they'll just claim that they can't reduce that franchise fee, the story will drop out of the news and people will only remember the fact that Starbucks "tried to pay more tax".

In reply to The Lemming:

I have a feeling more money will be spent by Governmnt trying to make companies avoid loopholes than will be raised in them paying their shair.

The report was published as George Osborne prepares to unveil a £154m crackdown on wealthy companies and rich individuals who dodge tax.

Officials will be ordered to use the cash to draft in an army of investigators to target high earners who aggressively avoid or evade paying tax.

The money will also fund extra staff to speed up work challenging multinationals' transfer pricing arrangements to stop global companies using legal loopholes to shift profits out of the UK.

However, Mr Osborne has warned against pricing Britain out of the world economy.

"If we make our taxes less competitive, that will just mean more companies stay out of Britain," he said.


http://uk.finance.yahoo.com/news/george-osborne-plans-tax-avoidance-crackdo...

In reply to The Lemming:

I wonder how much of a loss Amazon will make today,3-12-12?

http://uk.news.yahoo.com/mega-monday-online-sales-history-045530052.html