Starbucks has paid just £8.6m taxes on £3bn UK sales since 1998

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  • Trowel 16 Oct 2012 07:46:06 17,463 posts
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    And no tax at all in the last three years.

    All down to legal avoidance methods, but looks like the press are going to bite hold of them, rightly so.

    In the past three years, Starbucks paid no tax on its UK earnings after recording annual losses in company accounts, despite US executives of the Seattle company claiming in telephone calls with investors, transcripts of which have been seen by the news agency, that the UK business was profitable.

    The contradictions highlight legal tax-avoidance tactics used by multinational companies by loading UK subsidiaries with debts from other parts of the business based in countries with lower tax thresholds.

    In 2007, the chief operating officer, Martin Coles, told analysts in a fourth quarter results presentation that the UK unit's profits were funding Starbucks' expansion in overseas markets. The chief finance officer at the time, Peter Bocian, added that the UK division enjoyed operating profit margins of almost 15% that year, equivalent to nearly £50m in profit.

    Accounts filed with Companies House, which must be a truthful reflection of the business, according to HM Revenue & Customs (HMRC), showed a 10th consecutive annual loss.

    A year later, after filing a £26m loss in the UK, Starbucks' chief executive, Howard Schultz, told investors the business here was so successful he planned to apply the lessons to the company's biggest market in the US.

    Chief financial officer, Troy Alstead, called the UK business "profitable" in 2009 after accounts revealed a record £52m loss. Last year, John Culver, the president of Starbucks international division, said: "We are very pleased with the performance in the UK." Accounts reported a £33m loss.
    http://www.guardian.co.uk/business/2012/oct/15/starbucks-tax-uk-sales
  • Deckard1 16 Oct 2012 07:47:16 27,265 posts
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    Their coffee also tastes like piss.
  • jonsaan 16 Oct 2012 07:50:37 25,326 posts
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    I don't agree. Starbucks coffee is the best of the chains.

    FCUTA!

  • thefilthandthefury 16 Oct 2012 07:52:20 24,952 posts
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    I agree with jonsaan!

    Not to defend them in this matter, of course.

    Edited by thefilthandthefury at 07:55:52 16-10-2012
  • King_Edward 16 Oct 2012 07:52:44 11,454 posts
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    Their tea tastes like piss.
  • Alastair 16 Oct 2012 07:53:25 15,479 posts
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    I love a tall white mocha.
    Yum yum.

    Not as nice as I used to be

  • THFourteen 16 Oct 2012 07:53:42 32,884 posts
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    The strawberry and white chocolate muffins are nice
  • Deckard1 16 Oct 2012 07:54:02 27,265 posts
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    It tastes like metal. Costa 4 lyfe.
  • MadCaddy13 16 Oct 2012 07:56:26 1,858 posts
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    Nescafé for life
  • Alastair 16 Oct 2012 07:56:39 15,479 posts
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    I like all of them. I have no brand loyalty.

    Not as nice as I used to be

  • Deckard1 16 Oct 2012 07:58:33 27,265 posts
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    Starbucks is the only one I really don't like. Its like sucking a rusty spoon.
  • Tonka 16 Oct 2012 08:03:51 20,026 posts
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    Well that just

    If you can read this you really need to fiddle with your forum settings.

  • StarchildHypocrethes 16 Oct 2012 08:06:13 25,430 posts
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    I don't like Starbucks coffee. It tastes like burnt semen. Most other chains are alright.
  • JuanKerr 16 Oct 2012 08:08:26 36,205 posts
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    Coffee is for cunts. Tea RULES.
  • FWB 16 Oct 2012 08:17:54 43,881 posts
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    JuanKerr wrote:
    Coffee is for cunts. Tea RULES.
    Yep. Hence they both begin with "C". Plus the Empire wasn't built on coffee.
  • Chopsen 16 Oct 2012 08:21:00 15,740 posts
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    The Guardianistas probably already boycott Starbucks because they're not using eithically sourced coffee beans or something, and everybody else is a fat-bastard who doesn't care, so I doubt this matters.

    But remember kids, we need to keep the UK "competitive" so that foreign companies bring their trade over here. How else are they supposed to rip us off while subsidising their international operations?
  • SClaw 16 Oct 2012 08:21:59 826 posts
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    I rarely go to Starbucks in the UK (apart from the one in the ICC in Burm, because it’s usually quiet and empty) but anywhere else in the world it’s a real haven of consistency when you travel a lot. It tastes the same from New York to Hong Kong, the damn things are everywhere and most of the staff I’ve encountered talk enough English to help you out no matter where you go. It’s a real comfort.

    Costa’s coffee is nicer though.

    As for the tax. Well… it’s not Starbucks fault we have a shitty has government with shitty ass laws. Are you saying they shouldn’t legally do well in business (thus benefitting the thousand they employ across the country)? Plus… I don’t want to pay anymore for my coffee.
  • SClaw 16 Oct 2012 08:22:43 826 posts
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    @FWB Actually, it was. At least the arts, politics and social movements. Look up the history of coffee shops in the UK and you'll be surprised.
  • Deckard1 16 Oct 2012 08:26:32 27,265 posts
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    Costa coffee for muthafucking life y'all. Also tea is for grannies and homosexuals. It also gives you bitch tits as well apparently.
  • tincanrocket 16 Oct 2012 08:29:11 2,907 posts
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    JuanKerr wrote:
    Coffee is for cunts. Tea RULES.
    I concur with JuanKerr. Are we not British, for God's sake - or is this forum riddled with damned colonials?




    - if you do like a proper cup of coffee buy an Illy Iperespresso machine for your kitchen as it is (a) much cheaper than all of these commercial chains efforts and (b) much nicer
  • elstoof 16 Oct 2012 08:30:05 6,647 posts
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    Pret coffee is unique in that you can actually taste coffee, rather that the brown tinged water you get elsewhere.
  • Dougs 16 Oct 2012 08:31:57 66,732 posts
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    JuanKerr wrote:
    Coffee is for cunts. Tea RULES.
    Bravo! Never got my head around coffee. Like the smell, hate the taste.
  • lordofthedunce 16 Oct 2012 08:36:29 375 posts
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    I like both tea and coffee!
    I detest tax avoidance.
  • SClaw 16 Oct 2012 08:40:33 826 posts
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    The tea thing is a historical fallacy perpetuated by classism. I think if we have a “traditional” drink in this country it’s probably gin. Or lager in modern context. The Middle and Far East have and are bigger tea drinkers than we’ve ever been (just not with milk in it). But… it’s no longer particularly in vogue to drink tea anyway. Unfashionable even. Tea is fine. But coffee culture rules.
  • Alastair 16 Oct 2012 08:43:25 15,479 posts
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    I'm now more worried about how SCH knows what burnt semen tastes like!

    Not as nice as I used to be

  • Alastair 16 Oct 2012 08:43:26 15,479 posts
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    Stupid double post!

    Edited by Alastair at 08:43:54 16-10-2012

    Not as nice as I used to be

  • FanBoysSuck 16 Oct 2012 08:44:19 1,453 posts
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    I just find the whole thing depressing with all these big multinationals dodging tax. I doubt anything will get done about as well.

    Edit:I do prefer Starbucks to Costa and most other chain coffee shops. I put that down how shit the selection is in Coventry though.

    Edited by FanBoysSuck at 08:45:44 16-10-2012

    For the emperor!

  • SClaw 16 Oct 2012 08:49:30 826 posts
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    That’s capitalism for you. Morality has no place in that equation, as it just muddies the water. While I do despise capitalism it isn’t something you can do half way… if a business starts dicking around being a “nice guy” they’ll get eaten up by the sharks. The rules are broken, not the corporation for taking advantage of them.
  • Chopsen 16 Oct 2012 08:50:40 15,740 posts
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    SClaw wrote:
    The tea thing is a historical fallacy perpetuated by classism. I think if we have a “traditional” drink in this country it’s probably gin. Or lager in modern context.
    I don't think you can have a tradition in a modern context.
  • SClaw 16 Oct 2012 08:54:58 826 posts
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    @Chopsen I was being facetious re lager.
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