Starbucks Doesn’t Pay a Bean in UK Tax: Coffee Chain Faces Boycott as it Avoids Big Bills by Declaring Loss after LossWednesday 17 October 2012
‘Starbucks is facing a boycott of its branches after it emerged it has paid nothing in tax in the past three years.
The coffee chain, which has paid just £8.6million to the Treasury in 14 years of trading in Britain despite sales of £3 billion, is facing a backlash organised by angry consumers. Britons on Twitter have started messages about Starbucks with the hashtags #taxdodgers and #boycottStarbucks as thousands pledged to avoid its 735 British outlets.
It uses a range of complicated measures to minimise its profits – and its tax bill. These include paying large royalties to another arm of the firm for using the brand name.’