Starbucks has paid zero taxes the last 3 yrs...Corporations are people my friend..

[HipChick]

http://www.standard.co.uk/business/business-news/starbucks-have-paid-no-uk-tax-since-2009-8213121.html

Coffee giant Starbucks has reportedly paid just £8.6 million in corporation tax in 14 years of trading in Britain - and nothing in the last three years. The American coffee firm - valued at £25 billion - has generated more than £3 billion of sales in the UK since 1998 but has paid less than 1% in corporation tax.

Its nearest UK rival, Costa, owned by Whitbread, recorded £377 million sales last year, compared to Starbucks' £398 million, but its tax bill came to £15 million, or 31% of its profits. It comes the week after the Evening Standard revealed that Facebook pay just 238,000 corporation tax despite an estimated £175 million revenue.

Starbucks, which has more than 700 outlets in the UK, said it has paid its "fair share of taxes" in full compliance with UK law and no authority had suggested otherwise.The Seattle-based firm is the latest company to come under scrutiny for making a poor contribution to HM Revenue & Customs (HMRC) after Facebook and Google met similar criticism.

A four-month investigation by news agency Reuters discovered that Starbucks was able to cut income tax by paying fees to other parts of its global business, such as royalty payments for use of the brand.

This means Starbucks UK is effectively making a loss and therefore does not have to pay any corporation tax. As a result, it has not broken any law.

[flamingdem]

1. They're giving away free coffee today 4-6 pm pst

They can afford it!

[HipChick]

3. thanks for update

[valerief]

2. Corporations are Superpeople. nt

[TDale313]

4. Worth pointing out

That this refers to in the UK. Not that that makes it a good thing, but curious what the story is here in the US.

[Occulus]

5. They probably got a REFUND here.

[Dr. Strange]

6. According to this website, 19%.

http://www.nerdwallet.com/markets/corporate-taxes/rates/

Lots of other corporations on there too. Monsanto paid 14%. McDonald's paid 15%. HP paid 4%. Invesco Ltd got a refund.

[TDale313]

7. Cool, thanks. n/t