Tax: Starbucks in talks with UK's Revenue and Customs

[Gerald]

Global coffee chain Starbucks has said it is in talks with HM Revenue and Customs and the Treasury over how much UK tax it pays.

It is one of several well-known firms that were criticised over the level of their corporation tax payments.

The firm admitted that it "needed to do more" in the UK on tax.

Meanwhile, Chancellor George Osborne has pledged more funds for the British authorities to tackle tax avoidance by multinationals.

http://i1358.photobucket.com/albums/q764/gasturbin/_64512299_starbuckscoffeepricecostresultsearnings. jpg
Starbucks is in talks with HMRC about how much tax it pays.


He told the BBC that an announcement would be made on Monday about the "extra investment in the part of the Inland Revenue that tackles tax avoidance by multinational companies".

A Public Accounts Committee report on the topic of how much tax multinational firms pay in the UK is due on Monday.

In November the committee took evidence from executives from Starbucks, Google and Amazon over the amount of tax the companies have paid in the UK.

I love coffee and it must be strong,:)

http://www.bbc.co.uk/news/business-20573208


Note: 2 December 2012 Last updated at 18:16 GMT

[em2nought]

I'm picturing Englishman dressed up like Gunga Din throwing Starbuck's coffee in the Thames. :D

[Jimbuna]

I'm picturing Englishman dressed up like Gunga Din throwing Starbuck's coffee in the Thames. :D

The Chancellor is throwing £150 million at HMRC to assist them...it was them that were to lax in the first place.

[Gerald]

£150 million is lot of money,:hmmm:

[Jimbuna]

Not in the scheme of things when you consider the hundreds of millions that goes unpaid.

[Gerald]

That's true,:yep:

[Jimbuna]

Aye that.

[STEED]

Starbucks should pay people to drink that sludge. :har:

[Jimbuna]

Starbucks should pay people to drink that sludge. :har:

Tried it once and wasn't impressed but in fairness I'm not a big coffee drinker.

[Gerald]

Ya do not like coffee, I love strong coffee :)

[Jimbuna]

Okay.

[Gerald]

But you love beer instead,:)

[Jimbuna]

Amongst other drinks yes.

[Gerald]

Amongst other drinks yes.What is your favorite drink,:hmmm:

[Jimbuna]

If I told you I'd have to kill you straight after...highly classified :yep:

[Gerald]

If I told you I'd have to kill you straight after...highly classified :yep: It will be difficult for you, you can always try, you also get disability if it would be so....:sunny:

[Jimbuna]

Make it an electric one...so much easier and less tiring to navigate with.

http://img138.imageshack.us/img138/2083/41210760.gif (http://imageshack.us/photo/my-images/138/41210760.gif/)

[Gerald]

LOL :)

[Jimbuna]

http://mtbethel.blogs.com/photos/uncategorized/2008/01/30/star_taking_a_bow_animated.gif

[Gerald]

It is I who should thank,:)

[STEED]

Tried it once and wasn't impressed

And no stomach pump! :o :haha:

[Jimbuna]

And no stomach pump! :o :haha:

Heaven forbid...there was a pub next door :03:

[nikimcbee]

http://fashaddix.com/wp-content/uploads/2010/05/dunkin-donuts-starbucks-coffee.png

[Sailor Steve]

Starbucks has to be the best. Just look at how much it costs. :O:

On the other hand I hate coffee, so what do I know? :sunny:

[Gerald]

Heaven forbid...there was a pub next door :03: You'll learn that coffee, one of life's elixir,:yep:

[Jimbuna]

A long way behind the golden throat gargler....had a few bottles of Cobra whilst out with the boys on a curry night earlier and very nice it was (if a little expensive).

[Gerald]

A long way behind the golden throat gargler....had a few bottles of Cobra whilst out with the boys on a curry night earlier and very nice it was (if a little expensive). Can ya say that it was an experience?

[STEED]

I like a good strong rich mocha coffee, there was a place near me up to a month ago did a good one but now closed down.

[Gerald]

I like a good strong rich mocha coffee, there was a place near me up to a month ago did a good one but now closed down. I got an espresso machine last Christmas, and it goes on the high pressure at times, very good quality in taste...I hope you find a new place,:yep:

[Herr-Berbunch]

I like coffee, but usually only drink decaf nowadays. The last time I had Starbucks, you could have decaf, or you could have Fairtrade, you couldn't have both. :doh:

I think that's changed now, but I've not been back to try.

Oh, and whilst Dunkin' may beat Starbucks, it doesn't, imo, beat Krispy Kreme. :D

[Gerald]

As long as it goes down and is strong, good! Weak coffee not good,:arrgh!:

[Herr-Berbunch]

Strong, very small splash of milk - I'm not a fan of latte or cappuccino.

And no sugar, 25 years without this year. :woot:

[Gerald]

Right ... no sugar needed :)

[Jimbuna]

Can ya say that it was an experience?

Nothing I haven't experienced on several occasions before.

[Jimbuna]

I like a good strong rich mocha coffee, there was a place near me up to a month ago did a good one but now closed down.

I've tried that with a good dose of Jamesons...not too bad :)

[Gerald]

Nothing I haven't experienced on several occasions before. OK! :yep:

[Jimbuna]

I should jolly well think so :yep:


Starbucks agrees to pay more tax

Coffee chain Starbucks has agreed to pay more UK corporation tax, after a public outcry over how little it pays.
Kris Engskov, managing director of Starbucks UK, announced that the company would pay "a significant amount of tax during 2013 and 2014, regardless of whether the company is profitable during these years".
One tax expert described the move as "unprecedented".
But Amazon and Google, also under fire for paying little UK tax, held firm.
The extra tax could amount to £20m over the next two years, Mr Engskov said.


http://www.bbc.co.uk/news/business-20624857

[STEED]

Its about time people power moved away from the likes of Starbucks who have not broken the law and focus on the real crooks on this planet...The bloody Banks!