“Starbucks Corp., (SBUX) the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business. The company has paid 5 million pounds already and will pay the same amount later this year after forgoing unspecified tax deductions, according to an e-mailed statement. Starbucks, based in Seattle, will also pay 10 million pounds of tax next year. Starbucks said it will close or relocate unprofitable stores, and rely more on franchised or licensed stores rather than company-owned locations to become profitable in the U.K.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
French and Italian debt chiefs warn on EU Tobin Tax
Multiple Canadians denied entry to U.S. based on phone searches
The 124 states of America
Moody’s considers downgrading top US banks
Guy Spent $11,000 On A Coding 'Bootcamp' And Doubled His Salary
Army Suicides This Year Exceed 2012 Combat Deaths in Afghanistan
Obama urged to fulfill Guantanamo closure pledge
Argentina: Give Us Your Real Dollars for Our Fake Dollars
A new GOP bill would make it virtually impossible to sue the police
Taxes on 8,000 French households were greater than 100% of income last year
U.S. offers help to Iran after earthquake
Mexican pot farmers give up, switch to supplying heroin to pill addicts
Government shutdown is not a tax holiday: Taxes still due Oct. 15th
Bahamas' new 15% VAT 'a recipe for recession': economist [2013]
Edward Snowden: NSA ‘in bed together with’ other Western states