Starbucks pay no tax in the last 3 years

[KeithD]

Costa Coffee is a UK company, and the corporation tax is only 20% so they need to sack the accountant . They would have paid below the 20% if they run the company correctly though, offsetting, leasing, etc.

Remember that a hell of a lot of companies have been running at a loss in the last 5 year period and so corporation tax is 0% anyway.

Most major UK bookmakers pay little or no tax as they have moved to Jerey or Gibraltar in the last 10 years, and a lot of other major UK companies. Vodafone paid £0 corporaton tax last year for one example, it is not unusual what Starbucks is doing, it is the norm with corporation tax. That is a problem with the way the tax works, not the companies.

Take Northern & Shell who own the like of Channel 5, OK magazine, etc, they have a number of subsidiaries that just lend money to each other to offest tax, perfectly legal.

The exact same thing happens in the US with corporation tax: http://www.businesspundit.com/25-cor...s-than-you-do/

[bigmarco]

Costa Coffee is a UK company, and the corporation tax is only 20% so they need to sack the accountant . They would have paid below the 20% if they run the company correctly though, offsetting, leasing, etc.

Remember that a hell of a lot of companies have been running at a loss in the last 5 year period and so corporation tax is 0% anyway.

Most major UK bookmakers pay little or no tax as they have moved to Jerey or Gibraltar in the last 10 years, and a lot of other major UK companies. Vodafone paid £0 corporaton tax last year for one example, it is not unusual what Starbucks is doing, it is the norm with corporation tax. That is a problem with the way the tax works, not the companies.

Take Northern & Shell who own the like of Channel 5, OK magazine, etc, they have a number of subsidiaries that just lend money to each other to offest tax, perfectly legal.

The exact same thing happens in the US with corporation tax: http://www.businesspundit.com/25-cor...s-than-you-do/

I don't disbelieve a word of it.
In a nutshell you have explained to me what I firmly believe is wrong with our society today. Austerity for the working man and Tax exemption for the fat cats.
We just look at things a different way. I was just reading yesterday that they were accessing peoples SKY bills to catch benefit fraudsters. I dont disagree with this but they say it's about £250million a year. I just thought that's probably less than what Murdoch/SKY avoid paying the tax man every year.
I understand these are the rules in place but cannot see it being right that a company has paid less than 1% on a £Billion pound over 14 years.