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after all that fuss about how much tax Starbucks was or was not paying in this country is a bit of a turnaround. | Anorak

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Starbucks Is Relocating Its HQ To The UK: Hurrah!

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OR at least Starbucks is going to be relocating it’s European HQ to the UK. Which, after all that fuss about how much tax Starbucks was or was not paying in this country is a bit of a turnaround.

The basic background for those who need a refresher: Starbucks was noted not to be paying any corporation tax in the UK. On the grounds that it wasn’t making any profit so why should it? Then in the details people noted that it was sending royalties, tax free, to Holland, and paying a margin on coffee it bought from lower tax Switzerland. Aha! so, tax avoidance! Except, when those were added back in then Starbucks was still making a loss. And then decided to cough up some tax anyway in order to get the loons from UKUncut off its premises.

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Posted: 17th, April 2014 | In: Money, Reviews | Comment