I see that despite having rung up sales in the UK of more than £3billion since opening their first store here in 1998, Starbucks have paid just £8.2 million in tax during that time.
They are now a target of UK Uncut, the pressure group protesting and challenging companies who they see as dodging their tax responsibilities.
Good.
Filed under: Money and Finance Tagged: | starbucks, tax
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The amount of money that floods out of the UK to foreign firms is astonishing. Is it any wonder we are in trouble? The problem that the government and the tax authorities know all about but are happy to promote it for personal favours.
I think we are seeing the last of the UK.
It also riles me that Ireland are providing a tax haven for these companies whilst enjoying the benefit of bailout loans from the UK.
Enter George Osbourne declaring the interest rate on the loans unfair and reducing them to a ridiculously low 0.18 %. pa. George Osbourne you will note is from the Irish Ascendency. Hmmmm…